Jul
2013 29
2013 29
The Emperor’s Old Clothes: False Recovery Being Masked by Everyone Looking at Wrong Numbers
On the Washington Post wonkblog, Dylan Matthews recently took a dive into depressing new Century Foundation research that suggests when the number of people retiring or dropping out of the workforce is considered, unemployment remains exactly where it was at the height of the recession. In the Daniel Alpert study in question, low-wage…
Jul
2013 23
2013 23
Report Reveals Stunning Lack of Fiduciary Responsibility as Lobbyists Block Vital 401k Protections
Bank regulations. We can’t seem to get enough of them in place. And the reason is pretty simple: Lobbying power. Last week, a group of 75 lobbyists hit Capitol Hill to block proposed Department of Labor (DOL) regulations that would force those in charge of 401(k)’s to put retirees best interests before profit. The …
Jun
2013 26
2013 26
Without a Contract All Year, LiUNA! Local 563 Goes on Strike as Cretex Tries to Pillage Pensions
Members of Minnesota’s Laborers International Union of America (LiUNA!) Local 563 hit the picket line last week after negotiations broke down between 40 construction craft laborers and the manufacturer Cretex. Working without a contract since the beginning of 2013, workers authorized a strike claiming management has failed to meet…
May
2013 31
2013 31
CA Could Be First State to Implement Automatic Private Sector IRAs, Firm Up Retirement
In California, legislation to create a state-run retirement plan is being proposed by State Sen. Kevin de Leon whose aim is to help those likely to face economic hardship upon retirement by. A recent wave of publicity is bringing the important issue of private sector retirement to the forefront and could result in a …