Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with pension

'Fix the Debt' CEOs Sit on Massive Retirement Funds While Pushing for Retirement Cuts for Working Families

Photo courtesy Talk Radio News Service

We have five weeks to tell Congress to let the Bush tax cuts for the richest 2% expire and reject any benefit cuts to Social Security, Medicare and Medicaid. Visit www.aflcio.org/ProtectOurFuture for all the information you need on the upcoming budget showdown. 

A new report from the Institute for Policy Studies shows that the CEOs who make up the "Fix the Debt" campaign sit on massive retirement funds of their own while calling for the retirement programs that working families rely on to be cut as part of a deficit-reduction package. Furthermore, those same CEOs have been shortchanging pension funds for working families at the corporations they run.

Read more and comment »

Social Security: 6 Facts You Need to Know

Social Security is our most important family protection program that works not just for retirees, but also for people with disabilities and children who've lost a working parent. It's a promise for all generations. People pay for this benefit throughout their working lives. Social Security is immensely popular with voters across the political spectrum, which is why those who would like to dismantle the program consistently distort the facts and falsely claim the program is "bankrupt." It's important for working people to know the truth about the program and push back against Social Security myths and lies and fight for more, not less retirement security.

Here are six Social Security facts you need to know:

Read more and comment »

Where Did All Our Pensions Go?

The Betrayal of the American Dream

A total of 84,350 pension plans have vanished since 1985. This figure shocked Pulitzer Prize-winning authors Donald L. Barlett and James W. Steele, who just released their latest book, "The Betrayal of the American Dream." Their chapter on retirement chronicles the heist of the American dream's secure retirement by the financial elite and is a very important section of the book, says Steele, who spoke with the AFL-CIO about the retirement crisis. Steele says there's another number we should pay attention to: $17,686. That's the median value of 401(k) accounts in 2011. For most working people, the amount in their 401(k) account would pay them less than $80 a month for life.

Read more and comment »

Monday Night Football Disaster in Seattle Brings More Calls to End NFL Lockout of Refs

If you were building a bridge, would you hire a work crew with a few hours of metal shop on their résumés, or trained and certified Ironworkers? Would you go into surgery with someone who only has a CPR certificate, or a real doctor with a medical degree?

If you’re NFL Commissioner Roger Goodell, or one of the 32 NFL team owners, you'd go with the newbie—at least it seems that way, given their decision to lock out professional NFL officials and instead use untrained, unprepared and in-over-their-heads replacement referees.

Read more and comment »

With Safety at Stake, NFL Players Call for End to the Referees' Lockout

Photo MattBritt00/Flickr

Any fan of the NFL who has watched the season unfold with replacement officials because the league has locked out the skilled and veteran officials knows calls are being missed or called incorrectly and the replacements have a tenuous control of each game. But even worse, say the players, their safety is at stake.

In a letter to team owners urging an end to the lockout of the referees, the Executive Committee of the NFL Players Association writes:

Read more and comment »

Support, Solidarity for Crystal Sugar Workers

Pickets at the Drayton plant.

When Susan dePasquale, a former AFSCME member in Cleveland, heard that 1,300 workers at American Crystal Sugar had been locked out from their jobs for more than a year, she immediately volunteered her support.

I was just very moved by what I heard…I wanted to do something. Instead of sending well wishes, I thought I’d write a check.

Help locked-out American Crystal workers. Please donate to the BCTGM Lockout Action Fund, care of  the Minnesota AFL-CIO, 175 Aurora Ave., St. Paul, MN 55103.

Read more and comment »

Join Hedrick Smith at the AFL-CIO Sept. 13

Join Hedrick Smith at the AFL-CIO Sept. 13

Many people can no longer attain the American Dream—and high-level decisions over the past few decades have led our nation to this point.

Join us on Thursday, Sept. 13, when Pulitzer Prize-winning author and reporter Hedrick Smith will discuss his new book, Who Stole the
American Dream? Can We Get It Back? In his latest look into the deepest layers of Washington politics, Smith deploys his formidable investigative skills to trace how we got here—and whether we can undo the damage. (RSVP here.)

Read more and comment »

NASA Firefighters Picket at the Kennedy Space Center

This is a cross-post from the Transport Workers (TWU) blog. 

The rain couldn’t stop TWU Local 525 members as they kicked off informational picketing last week about their fight for a fair contract with G4S GS at the Kennedy Space Center in Brevard County, Fla.

Read more and comment »

5 Myths About Public Employee Pensions

This is a cross-post from Huffington Post by Harold Schaitberger, general president of  the International Association of Fire Fighters (IAFF). 

There's an oft repeated myth being fed by many that claims the defined benefit pension plans available to most public employees are going bankrupt.

While a new report by the Pew Center for the States feeds those myths, Pew's research paints a false picture of pensions. Here are five oft-peddled myths about public pensions followed by the facts.

Read more and comment »

Con Ed’s Lock Out ‘Hypocritical and Inhumane’

Con Ed’s Lock Out ‘Hypocritical and Inhumane’

New York’s Consolidated Edison Power Co. made $1 billion in 2011 profits and its CEO Kevin Burke raked in a nearly 40 percent pay hike over the past several years, making it “hypocritical and inhumane for Con Ed to propose cuts in employee health care and retirement benefits,” says AFL-CIO President Richard Trumka.

Con Ed locked out some 8,500 workers after contract negotiations stalled July 1. The power company wants to replace pensions with a 401(k)-type savings plan. After locking out the workers, members of Utility Workers UWUA Local 1-2, Burke cut off health care for all of them.

Read more and comment »

Take Action

Tell Congress to end the government shutdown

Sign the petition and tell House Republicans to stop holding our nation hostage and fund the government.

Click here »

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Are you a union member?


*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online