Thursday, October 1, 2009

Pensions Should Invest to Profit Workers - Not Promote Union Politics - Washington, D.C., October 1, 2009 -Labor unions are using the pension funds they control to advance political agendas. This may be putting millions of workers’ retirements at risk.  The AFL-CIO recommended to the Obama administration to roll back federal guidelines that require private pension plan managers to invest only for purposes of generating benefits for retirees and minimizing risk. A new CEI report calls on policy makers to keep union pension protections in place and to go a step further by adopting similar protections for public pensions.