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Trade Unions and Pension Issues
Also see our sites on Social Security Issues,
Private
Pension Issues
and World
Pension Issues
State
Public Workers Rushed to Join Pensions Before Cutbacks
(April 2, 2012)
Public employees in New York State rushed to enroll in
pensions before cuts took effect on April 1. Workers who
join pension plans now have to contribute more and will
receive lower payouts after retirement. Unions used
various means, from lunch meetings to social media, to
encourage workers to join pension plans. The move mainly
affects lower-wage workers such as school aides who are
not automatically enrolled.
Parents
Fume Over Accused LA Teachers’ Pensions (February 8,
2012)
In California, state workers guilty of felonies are
still eligible for a pension. Teachers accused of
misconduct lose healthcare plans but not their pensions.
Parents think that accused teachers should be fired and
not retired. However, it is hard to fire teachers in
California due to extensive regulations and appeals.
Mercer Study: U.S. Pension System Ranks Low
(October 20, 2010)
While this may come as a surprise to some, a study by
Mercer and the Australian Centre for Financial Studies
comparing pension systems in 14 countries ranks the US
in the 10th spot. Ranking in three categories, the
study judged the US low on adequacy, slightly above
average on sustainability, and well below average on
integrity.
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