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Revealed: AARP Is Funding ALEC

Nick Surgey and Calvin Sloan Center for Media and Democracy
AARP, the non-profit seniors organization that exists to promote the financial security, pensions and healthcare of those over 50, is secretly funding the American Legislative Exchange Council (ALEC), an organization whose bills have acted against the interests of ordinary Americans, including retirees and their families. What can you do? -- sign the petition below.

Tidbits - May 12, 2016 - Reader Comments: Contested Convention Needed; #BernieorBust" Dead End; Left and 2016; Baldwin; Shakespeare; Israel and BDS; Panama Papers Database....

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Reader Comments: Contested Convention is Needed; and "#BernieorBust" Dead End; The Left in 2016; Stopping Israel's Occupation and BDS; Israel as the Last Remaining, Active Settler-Colonialist Project; Who's Afraid of Communism - Paul Buhle comments; Teamster and Other Multi-Employer Pension Plans; Teacher Challenges Low Evaluation in Court and Wins; Baldwin; Shakespeare; James Connolly - appreciated today; Just Released - Panama Papers Database...

Teamsters Activists Move To Prevent Slashing of Hundreds of Thousands of Retirees’ Pensions

Bruce Vail In These Times
“Teamster pensions are in trouble because of greed, incompetence and corruption,” Rita Lewis told In These Times. Excessive pay to plan administrators and outlandish fees to financial advisors have drained the fund, she says, echoing Warren’s emphasis on Wall Street malfeasance, and a first step should be to clean house at the offices of Central States Pension Fund, the organization that collects and distributes pension monies for some 400,000 union members and retirees.

Could Pension Attack Provoke Another Chicago Teachers Strike?

Samantha Winslow Labor Notes
Three years after their nine-day strike that humiliated Emanuel and won national headlines for the idea of teachers fighting for students, the new attack on pay and pensions is angering teachers, paraprofessionals, and clinicians.

Tidbits - June 18, 2015 - Bernie Sanders, Tamir Rice, Kalief Browder, Ella Baker, BDS, Low-Income Schools, Paul Robeson, and more...

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Reader Comments: Bernie Sanders; Tamir Rice; Kalief Browder; Ella Baker; BDS; Low-Income Schools; Rachel Dolezal; TPP; Edward Snowden; Greece; Bessie; Okinawa; Puerto Rico; Jazz; Watts Rebellion; Immigration; Announcements: March to Shut Down Rikers; Detroit Tribute to Paul Robeson and His Work for Peace; Solidarity Delegation of 20 US Activists to Visit Venezuela

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Union Retirees Fear Dramatic Pension Cuts Under New Federal Law

Jim Mackinnon Akron Beacon Journal
Karen Friedman, executive vice president and policy director at the nonprofit Pension Rights Center in Washington, is highly critical of the new law while acknowledging that pension reforms are needed. “We are not saying don’t fix multiemployer [plans],” Friedman said. But an act that allows plans to cut retiree pensions is “such a departure from current law,” she said. “It’s just such a buzz saw on retiree pensions.”

As Public Pensions Shift to Risky Wall Street, Local Politicians Rake in Political Cash

Amy Goodman / Davis Sirota Democracy Now!
Chicago Mayor Rahm Emanuel, who once served as President Obama’s chief of staff, received more than $600,000 in campaign contributions from executives at investment firms that manage Chicago pension funds. The head of a New Jersey board that determines how the state invests its $80 billion pension fund was in direct contact with top political and campaign fundraising aides for New Jersey Gov. Chris Christie during his re-election bid.

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Pension Bonds: State and Local Official Should Proceed with Caution

Aaron Kuriloff The Wall Street Journal
Kansas Gov. Sam Brownback wants to make a decades-long bet that pension-fund returns will exceed current interest rates for taxable municipal bonds. “The use of pension bonds impugns an issuer more than a downgrade, because it shows they’re willing to saddle future generations with risk in order to make current budget discussions easier,” says Matt Fabian, a partner at Concord, MA-based research firm Municipal Market Analytics.
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