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Unions want to dump pensions on taxpayers
The Daily Caller ^ | 04/06/10 | Aleksandra Kulczuga

Posted on 04/06/2010 7:06:18 AM PDT by rvoitier

Legislation introduced last week could shift costs of union pension plans to taxpayers in an attempt to stave off organized labor’s pension funding crisis.

Senator Bob Casey, Pennsylvania Democrat, introduced the Create Jobs & Save Benefits Act of 2010 to address the funding problems faced by union-administered multi-employer pension plans.

Multi-employer pension plans have to cover the benefits of members, even if their companies are defunct.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Crime/Corruption; Front Page News; Government
KEYWORDS: 401k; bustunions; democratcorruption; democrats; economy; inneedosomerestraint; liberalfascism; lping; multiemployerpension; pbgc; pensions; stealthewealth; taxes; unioncorruption; unionpensions; unions
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Dems know their time is limited and they appear to be going for all they can get. They are for what's opposite of what makes/made America GREAT.
1 posted on 04/06/2010 7:06:18 AM PDT by rvoitier
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To: rvoitier

H*** No.


2 posted on 04/06/2010 7:07:07 AM PDT by Uncle Miltie (A MAJORITY (51%) OF TEA PARTIERS ARE DEMOCRATS OR INDEPENDENTS - GALLUP)
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To: rvoitier

I think the headline should read:

Unions want to dump Taxpayers pensions on Unions

They want our 401(k) funds like a heroin addict wants his fix..........


3 posted on 04/06/2010 7:08:11 AM PDT by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: rvoitier
Surprise, surprise, surprise. Unions have got to go, period. It is long, long past time that the NLRA was repealed, root and branch.

Redistribution is Theft, x-small
4 posted on 04/06/2010 7:08:30 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: rvoitier

A while back Glenn Beck showed a chart of plummeting SEIU pension funds that correlated perfectly with Andy Stern taking over. Personally I think forcing the taxpayers to pick up the tab was the intent all along.


5 posted on 04/06/2010 7:11:51 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: rvoitier

Another direct transfer of wealth from US taxpayers to union parasites. Hope and Change.


6 posted on 04/06/2010 7:13:36 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: rvoitier

You’ve got to be kidding me? WHEN will people realize that labor unions have becaome partisan political activist groups? Just look at the mining accident in WV yesterday. That mine was cited in the past for not being safe. Did the United Mine Workers Union do anything to improve workplace safety for their members, or just take their dues money to campaign for democrats? It’s maddening!!!


7 posted on 04/06/2010 7:14:00 AM PDT by ConservMommy
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To: rvoitier
Every pension plan in America should become a defined contribution plan.

What was contributed
What was it's actual ROI
Minus what was borrowed and spent on worthless crap.
The rest is what you get to retire on.

Deal with it.

This makes your SS contributions look great until you get to the third line where you realize that the US Gov has borrowed and spent it all leaving you with nothing.

This November you get to "deal with it."

8 posted on 04/06/2010 7:17:11 AM PDT by Politically Correct (A member of the rabble in good standing)
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To: rvoitier

Unions for the most part outlived their usefulness 30 years ago. Now they just soak up money from both ends, the government and the workers.


9 posted on 04/06/2010 7:21:30 AM PDT by kamikaze2000 (You can lead a liberal to truth, but you can't make him think.)
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To: Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; Allerious; ...



Libertarian ping! Click here to get added or here to be removed or post a message here!
View past Libertarian pings here
10 posted on 04/06/2010 7:22:15 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: rvoitier

My guess is the federal pensions are the safest with the military and especially VA payments being at the top of the list. It would require quite a bit of chutzpah to start reducting thouse directly, although there are certainly other ways to indirectly reduce pensions and benefits.


11 posted on 04/06/2010 7:22:16 AM PDT by MSF BU (++)
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To: rvoitier

unions are scams.

i had a ups driver recently tell me

“it’s all bushes’ fault’.

not to mention,

unions are morons.


12 posted on 04/06/2010 7:23:48 AM PDT by ken21 (i am not voting for a rino-progressive.)
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To: rvoitier

How long do unions, who have priced their goods/services out of the market, think they’ll be able to continue leaching off the dwindling ranks of producers in this country?

“More interestingly, pension funds of union staff and officers are well-funded — in the 90-plus percent range — while the funds of labor’s rank and file suffer.”

The rank and file should be hunting union administrators down in the streets like the vermin they are.


13 posted on 04/06/2010 7:25:02 AM PDT by Let's Roll (Stop paying ACORN to destroy America! Cut off their federal funding!)
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To: rvoitier

They did this in Oregon and then after we tried to get rid of it, the state Surpreme Court said it was a contract and couldn’t be repealed.

Learn from CA and OR...”Just Say NO!”


14 posted on 04/06/2010 7:30:22 AM PDT by Zathras
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To: Let's Roll

We should stop forcing employers to play collection agency for the unions and let the unions pass their own collection plate around.

Do that and the unions will begin to fracture in a hurry as disgruntled members begin to rebel with their wallets. After all, a lot of members aren’t members by choice. I was a union member once but it wasn’t because I wanted to be, it was because it was the only way to get the job.


15 posted on 04/06/2010 7:31:27 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: rvoitier

In my view unfunded pension liabilities is the giant elephant in the room. Public pension liabilities need addressing pronto. In my view caps on the amount need to be implemented - equivalent to the maximum social security payout or the actuarial value of the contribution. The fiscal stupidity of a % of highest year salaries has to go. The same goes for private sector union pensions. No bails out without a switch to defined contribution plans.


16 posted on 04/06/2010 7:33:20 AM PDT by bjc (Check the data!!)
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To: Politically Correct

Yes. If the American people do not deal with it this November, then as Billy Joel said,

“Go on and cry in your coffee, but don’t come bitchin’ to me”


17 posted on 04/06/2010 7:36:12 AM PDT by ltc8k6
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To: rvoitier

I thought the PBGC already did this.


18 posted on 04/06/2010 7:40:25 AM PDT by Wolfie
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To: Uncle Miltie
H*** No.

F*** No!!!

19 posted on 04/06/2010 7:40:29 AM PDT by Gay State Conservative (Host The Beer Summit-->Win The Nobel Peace Prize!)
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To: rvoitier

Put “everything on the taxpayer crap” is going to blow up!


20 posted on 04/06/2010 7:40:31 AM PDT by AngelesCrestHighway
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