Author Archives: Joe Doc

Lawmakers Loot Public Pension Funds, Then Blame Retirees for Underfunding

by Clyde Weiss

– It’s a piece of reporting making big waves. In the current issue of Rolling Stone, writer Matt Taibbi lays bare the sordid system by which politicians looted public pensions to finance other priorities, then blamed the retirees for the underfunded pensions.

“Here’s what this game comes down to,” writes Taibbi in “Looting the Pension Funds.” “Politicians run for office, promising to deliver law and order, safe and clean streets, and good schools. Then they get elected, and instead of paying for the cops, garbagemen, teachers and firefighters they only just 10 minutes ago promised voters, they intercept taxpayer money allocated for those workers and blow it on other stuff.”

Taibbi says a loophole in the Employee Retirement Income Security Act (ERISA), made this possible. The law, passed in 1974, “was designed to protect the retirement money of workers with pension plans,” he writes. But lawmakers left out public pension funds from the regulations. That left state and local government officials free to raid or underfund them at their pleasure.

Massachusetts was among the worst offenders, making only 27 percent of its required payments. New Jersey followed with 33 percent.

Another tactic “involved illegally borrowing cash from public retirement funds to finance other budget needs,” Taibbi writes.

These abuses were generally ignored as long as pension funds were in relatively good financial shape. Then the financial meltdown of 2008, caused by Wall Street excesses, created a fiscal crisis that left state budgets in shambles.

“Someone had to take the hit. But who?” Taibbi answers his own question: Public service workers and retirees.

The very Wall Street-backed politicians who raided and underfunded the pension systems in the first place are now “using scare tactics and lavishly funded PR campaigns to cast teachers, firefighters and cops – not bankers – as the budget-devouring boogeymen responsible for the mounting fiscal problems of America’s states and cities,” he writes.

Read more about the sham pension crisis here: http://www.afscme.org/news/publications/newsletters/works/winter-2012/the-sham-pension-crisis

Source: http://www.afscme.org/blog/lawmakers-loot-public-pension-funds-then-blame-retirees-for-underfunding

Rally with USW Strikers at Crown Holdings HQ For Fair Wages and Against Corporate Greed!

“Crown Holdings, which is headquartered here in Philadelphia, is one of the world’s largest metal-container companies. Despite doubling its profits in 2012, Crown forced the 120 members of USW Local 9176 in Toronto and Ontario out on strike a month ago, demanding a two-tier wage schedule, removal of the cost-of-living allowance, minimal wage increases after years of pay freezes, and no increase in the pension after nine years.

Strikers and their supporters are traveling from Canada to Philadelphia for a rally at Crown HQ in Northeast Philly. Please join our brothers and sisters on the picket line and show your support.”

WHAT – Rally For Fair Wages

Who – Members of USW Local 9176 and Welcome Supporters

Where – 1 Crown Way, Philadelphia Pa. (Woodhaven Road Exit off of Roosevelt Blvd. PA/63)

When – Wednesday, October 16 at Noon

Please Stop by and show support for hard working union members and protest against corporate greed!

For more information, contact Patrick Young at: pyoung@usw.org or 412-298-6361

In the fight for equality, women in the tech industry can learn from the Successes Women Have Had in the Labor Movement

Via The Coalition For Labor Union Women (CLUW)

In an article at Alternet, Brigid O’Farrell takes a look at the problem of sexism in the tech industry and suggests that women in tech could learn from the successes women have had in the labor movement:

Women who laugh off the behavior of the “boys,” the declining percent of women and their limited job categories and lower pay may be facing yet another long fight for equality. Women tech leaders like Sheryl Sandberg at Facebook advise women to “lean in.” Union women, on the other hand, suggest that women learn to “lean together.” Women and men of the tech industry might just learn something from the labor movement today.[…]

The labor federation [AFL-CIO] represents 57 unions and more than 12 million members, nearly half of whom are women. According to the Department of Labor, union women earn more than women who don’t have a union on the job, with median weekly earnings of $877, compared to $663 for nonunion women. They are more likely to have health insurance, pensions and sick leave. They also have a voice at work. The new AFL-CIO Women’s Initiative calls for “equality in pay and opportunity for all; the right of women to control their own bodies and be free from violence; and the right of every woman to meet her fullest potential and the opportunity to serve—and lead—her community. Nothing less.”

Union women are speaking out about the need for protections for women and challenging discrimination. Randy Weingarten, president of the 1.5 million-member AFT, supports the new inclusive measures being proposed by her union to expand labor’s voice and build labor’s strength for both public- and private-sector unions; not just for teachers, but for all workers.

Executive Director of the National Taxi Workers Alliance Bhairavi Desai, who [was recently elected] to the AFL-CIO Executive Council, speaks movingly of her organization’s struggles on behalf of immigrant workers and the need for taxi drivers to have basic protections at work. She gives one chilling example of a woman who was raped by her customers and left in the trunk of her taxi to die, only for her family to find that the taxi company cared most about her final month’s payment for the taxi. Domestic workers like Myrtle Witbooi, the South African chair of the International Domestic Workers Network, are giving powerful voices to workers who have been too often pushed aside and for whom strong unions can make a big difference.

To read the full article go to: http://www.alternet.org/labor/high-tech-industry-focused-babes-and-boobs-needs-killer-sexism-app

Source – http://www.cluw.org/?zone=%2Funionactive%2Fview_article.cfm&HomeID=364752

Picket in Center City with AFGE Members to Demand an End to the Shutdown of the Federal Government.

Today, Wednesday October 9th: There will be an Informational picket in Center City with AFGE members to Demand an End to the Shutdown of the Federal Government.

WHEN/WHERE: 12:00 Noon, Today at the Wanamaker Building, 100 E Penn Square (across the street from the southeast corner of City Hall).

The reckless shutdown of the Federal Government is about to enter its second week. Republicans in the House and Senate have forced hundreds of thousands of Federal employees out of work, and vital public services like toxic waste cleanup and NLRB union representation elections are on hold until the shutdown ends. Join furloughed Federal employees calling for Congress to “End The Shutdown”!

Please Show Your Support!

Stand Up! 800,000 Of Our Union Brothers And Sisters Are Locked-Out

By The PA. AFL-CIO

– Amid all the talk about the Government shutdown, it is all too often lost in the discussion that this is, at its core, a LOCK-OUT that has forced 800,000 workers off the job indefinitely. Many thousands more are being forced to work WITHOUT PAY until the lock-out is over.

Call Your Member Of Congress Now!

– Go to: http://act.aflcio.org/c/236/p/dia/action3/common/public/?action_KEY=7237 To Call Your Member Of Congress Now!

Last week locked-out Federal employees held a rally in front of the US Capitol, joined by members of the Congressional Progressive Caucus, AFL-CIO President Richard Trumka, along with AFGE, NTEU, AFT, APWU, AFSCME, CWA and SEIU.

“Federal employees want to go to work, they want to serve the American public, but they are being locked out of their jobs due to this government shutdown;” said AFGE President J. David Cox. “We are calling on Congress to stop the lockout and allow federal employees to go back to work.”

This Government shutdown and the lock-out of 800,000 workers could end today, if Speaker Boehner would simply allow the House to vote on a clean continuing resolution. The Senate Democrats have already made huge compromises by accepting the Republican spending levels in the CR that they passed.

Show solidarity with our locked-out Federal workers, and with those who rallied in DC last week, by contacting your Representative in Congress and telling them to end this stalemate now.

Again, Please Call Your Congressional Office Now! Tell Your Rep. Directly That It’s Time To End The Shutdown!

– To Call Your Congressional Office NOW, Go To: http://act.aflcio.org/c/236/p/dia/action3/common/public/?action_KEY=7237

Source: http://www.paaflcio.org/?p=2887