Unions supporting pension-gutting bill!
by skeptic06, Mon Mar 20, 2006 at 07:19:40 AM EST
There was a piece here yesterday (my own modest contribution with some links) which flagged the enormous hole (around $150 billion) that the latest pension bill currently in conference would dig in private pension schemes - that's the amount, according to the Federal agency the Pension Benefit Guaranty Corporation, that the bill will permit employers to avoid contributing to such schemes.
Sounds like corporate welfare to me (though I'm no expert).
Now, I find (Boehner's boasting list) that several unions, including Unite To Win member UNITE HERE (but not fellow breakaways SEIU and the Teamsters, it seems) are backing the bill.
Perhaps it's a truly excellent bill, and the PBGC has some nasty agenda of its own for it to say such harsh things about it.
On the other hand, perhaps UNITE HERE is working some kind of angle.
(UPS certainly is.)