Wages & Pensions

More on Union Pensions

0 June 11, 2009  Uncategorized

Yesterday I wrote about how pension provisions in typical PLAs: Hurt retirement for non-union workers. Employer retirement contributions into union pension plans on behalf of non-union workers are forfeited unless workers join a union. Keep underfunded and mismanaged union pension plans afloat. Expose contractors to underfunded multi-employer pension withdrawal liability. Increase costs to construction users because […]

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Construction Unions Push PLAs to Save Underfunded Union Pension Plans

1 June 10, 2009  Uncategorized

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 […]

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