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Trade Unions and Pension Issues

Also see our sites on Social Security Issues, Private Pension Issues

and World Pension Issues

State Public Workers Rushed to Join Pensions Before Cutbacks (April 2, 2012)
Public employees in New York State rushed to enroll in pensions before cuts took effect on April 1. Workers who join pension plans now have to contribute more and will receive lower payouts after retirement. Unions used various means, from lunch meetings to social media, to encourage workers to join pension plans. The move mainly affects lower-wage workers such as school aides who are not automatically enrolled.  

Parents Fume Over Accused LA Teachers’ Pensions (February 8, 2012)
In California, state workers guilty of felonies are still eligible for a pension. Teachers accused of misconduct lose healthcare plans but not their pensions. Parents think that accused teachers should be fired and not retired. However, it is hard to fire teachers in California due to extensive regulations and appeals.

Mercer Study: U.S. Pension System Ranks Low (October 20, 2010)
While this may come as a surprise to some, a study by Mercer and the Australian Centre for Financial Studies comparing pension systems in 14 countries ranks the US in the 10th spot. Ranking in three categories, the study judged the US low on adequacy, slightly above average on sustainability, and well below average on integrity. 

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