More on Big Labor’s Pension Bailout Scheme
There is an interesting piece in today’s Washington Times that examines how poorly performing union pension plans are at the heart of Big Labor’s support for health care reform and push for government-mandated project labor agreements (PLAs) on federal and federally-funded construction projects (“Unions Want Washington’s Help With Pension Funds,” 3/25/10). Nonunion workers and private companies could be forced into absorbing the […]
Construction Unions Push PLAs to Save Underfunded Union Pension Plans
A piece in The Washington Examiner (“Almost half of top unions have underfunded pension plans,” 6/7) reports that some major construction labor unions have underfunded pension plans. This is relevant to the PLA debate because PLAs typically force non-union employers and their employees to contribute to union pension funds for time worked on a PLA project. Readers may […]