August 29, 2008
by Hudson Institute
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 firstname.lastname@example.org or 202-974-6450.
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