February 20, 2024
The UAW strike against Big Auto succeeded in winning impressive wage gains, but it failed to obtain a little-reported demand: that the auto companies reinstate defined benefit pension plans for new employees…
February 20, 2024
Labour organizers have every interest in getting wise to how pensions work and making sure they can transmit this information to the membership in a way that steels them for the fights ahead. This will undoubtedly be a book they refer to for years to come as the capitalist crisis increases
February 20, 2024
It involves a lot of math. And people are averse to math. And it involves thinking about something that’s unpleasant— getting old. So people are kind of in denial. They just sort of let it ride. Let it go. Let it go….
February 20, 2024
The widespread shortfall in retirement income is the result of a bipartisan effort going back decades to move our savings away from traditional pensions to accounts like 401(k)s that enrich the financial services industry at our expense.
February 20, 2024
Russell provides sound advice for those negotiating about the terms of these defined benefit plans, which still number 50,000 and have 60 million participants among active or retired workers. As he notes, in the current bargaining environment, “participants and their union representatives are more likely to be thinking defensively”…
