Hudson Institute Economist Diana Furchtgott-Roth Analyzes the Underfunding problem of Union Pension Plans

Washington—This Labor Day, union members should focus more on union finances, specifically their retirement plans, says Hudson Institute economist Diana Furchtgott-Roth. Union retirement plans are the subject of a new paper Furchtgott-Roth has written entitled, "Union vs. Private Pension Plans: How Secure Are Union Members' Retirements?"

In this paper, she demonstrates a widespread pattern of relatively poor performance among collectively bargained pension plans and a disparity in the funding of some pension plans for union officers and plans for rank-and-file union members. Furchtgott-Roth examines the role that union politics may play in pension planning and also analyzes the general health of pension plans in the United States.

Please visit www.hudson.org to download a copy.

Furchtgott-Roth is available for comments at dfr@hudson.org  or 202-974-6450.