Union Pensions

Union Czars Betray Duty to Workers, Attack National Right to Work

Nick Cote — Wed, 03 Jun 2009 12:24:45 -0400

Recently Politico reported on a new Big Labor tactic to help pass the latest union boss power grab, the woefully misnamed Employee Free Choice Act (more accurately called the Card Check Forced Unionism Bill). Politico acquired a revealing letter and accompanying survey sent by Teamsters Local 507 in Cleveland to Wall Street fund managers:

"Has your company made any public statements in support or opposition to EFCA?" asks one of nine pointed questions in a polite, detailed four-page questionnaire.

"If 'Yes,' please explain."

The cover letter, signed by the local's Secretary-Treasurer and President, makes the union's purpose even more clear:

Foundation to DOL: Union Benefit Funds Invite Corruption and Mismanagement

Will Collins — Tue, 30 Dec 2008 15:21:32 -0500

In early December, the Department of Labor issued a request for information regarding Voluntary Employees' Beneficiary Associations (VEBAs). VEBAs are health and welfare trust funds set up by employers and union officials using "voluntary" contributions from workers.

Unfortunately, lack of oversight and an influx of money frequently encourages union corruption, so the National Right to Work Foundation submitted comments (.pdf) warning the DoL about the dangers of giving union bosses a blank check.

Pension Fund Mismanagement Highlights SEIU Corruption

Will Collins — Wed, 16 Jul 2008 14:54:20 -0400

Yesterday, the Wall Street Journal had a great editorial up on the hypocrisy of SEIU leadership. Andy Stern and his cronies are more intent than ever on blackmailing unwilling companies into forcing SEIU "representation" on their employees through a series of vicious corporate campaigns: