Tag Archives: Destruction of the United States Working Class
Finally Some Positive Labor News
Beginning tomorrow a new Obama administration rule that will speed up the process for workers to unionize will take effect, and it could have a big impact on unionization.
An Obama administration rule that speeds up the process by which employees can unionize will take effect Tuesday after Republicans last month failed to block the measure.
Under the new National Labor Relations Board rules, employees could potentially organize a union in less than two weeks, compared to the previous average of 38 days between the time a petition is filed and the election is held.
Labor groups say this will prevent management from needlessly delaying union elections. But Republicans and business groups contend it will not give companies enough time to prepare for union elections.
Outraged Republicans and business groups are accusing the Obama administration of promoting ambush union organization, but the reality is that the new NLRB rule was put into place to address a serious problem. Anti-union businesses have used the period between elections to foot drag, delay, and mount campaigns filled with thinly veiled threats of job loss in order to discourage unionization.
According to Bureau of Labor Statistics, unionized workers earn $200 a week more than non-union workers. When benefits are included unionized employees earn $425 a week more than non-union employees. Increasing private sector unionization rates is an essential component to any plan to grow the middle-class. Any change that makes it easier for workers to unionize is a positive development.
Over the last three decades, the deck has been stacked by Republicans against unions. President Obama’s new rule is an important step towards unions finally being able to fight back.
Ayn Rand Part 2
Ayn Rand Part 1
Lest You Forget!
Republican jobs bill
Logic is a sin
If It’s Pushed By the Republicans, It’s Not Good For The Working Man
Can They Grab Your Pension?
Clawbacks become more common as plans discover they overpaid recipients
by Carole Fleck, AARP Bulletin, March 2015
Millions Could See Cuts
Tucked into the massive budget bill passed by Congress in December was a provision permitting certain financially troubled multiemployer pension plans to cut existing benefits potentially to hundreds of thousands of retirees who are under age 80.
Shifting burden
That 11th-hour provision toppled 40 years of protections for retirees already receiving benefits and may alter the course of the U.S. retirement system, retirement advocates say. “Congress has placed the burden of rescuing underfunded multiemployer plans on the people who can least afford it — retirees and surviving spouses who rely on their pensions for food, medication and other necessities,” says Karen Friedman, executive vice president at the Pension Rights Center in Washington, which fought against the legislation along with AARP and other groups.
Multiemployer plans — there are about 1,400 in the U.S. — are group pensions that several companies within a single or related industry pay into, mostly to cover union workers. But shrinking union membership, market declines and other issues have put some 150 to 200 plans — covering about 1.5 million people — in peril.
Out of money
Those plans could run out of money within 20 years, according to the Pension Benefit Guaranty Corp., which insures private pensions up to certain limits when employer plans go bankrupt. Retirees won’t see immediate cuts to their pensions because it’s a complex process to modify benefits.
Vote on cuts
For example, plans with at least 10,000 workers and retirees must permit all participants to vote on cuts before they’re implemented. Even if a majority oppose it, the Treasury secretary could override the vote and uphold trustees’ decisions to reduce payouts, in order to prevent insolvency. Under the provision, retirees ages 75 to 79 likely will see smaller cuts than those 74 and under. Pensioners in single-employer plans won’t be affected.


