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
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
“It’s the best program we have probably adopted in this country, certainly beloved by many people. But I wanted to say this to our audience, that — much of our audience is younger than I am — this is going to sound, on its face, boring, but this is one of the most important shows that we’ve done for you.”
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”…
