The Supreme Court isn’t a friend of workers. So a recent ruling that retirees can sue employers who help investment firms rip them off with high fees and poor performance is a rare and crucial win.
The book under review, written from a labor organizer's informed perspective, is seen by the book reviewer—himself a longtime labor militant-- as an essential resource for workers navigating their retirement and pension options.
The "Labor Guide to Retirement Plans" shows why and how private and public sector workers should be mobilizing against such concessions.
On strike over unfair demands for concessions in contract negotiations including pension and over-time rules.
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For most troubled funds, the biggest underlying problem is simple: not enough current workers compared to the number of retirees. Chalk that up to employer schemes like deregulation and union-busting, along with unions’ failure to organize.
Pension legislation historically has been bipartisan—and it very well might be again in the future. After more than a decade of failed efforts, the retirement security of 1.5 million Americans and their families, finally, took priority.
The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
Robbing workers’ pension funds has long been central to Wall Street's business model. A recent Supreme Court ruling opened the door for financial managers to take their looting of those pension funds even further.
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