Pensions

CEOs Get Bailed Out. Workers Get Sold Out

Photo credit: Jeremy BrooksBefore she became the first female Labor secretary in 1933, Frances Perkins had seen firsthand the tragedy of Manhattan’s 1911 Triangle Shirtwaist fire. Locked in by their employer, 146 mostly young girls died when they couldn’t escape the burning building where they toiled in sweatshop labor. Later, as the New York industrial commissioner, Perkins held employers accountable for workplace safety and health, expanding factory investigations and championing other pro-worker laws, like unemployment insurance.

Now, imagine if Elaine Chao had been there instead. more »

Working Harder for Less Mocks the American Dream

But the current crisis has long roots. America's working families have been suffering through what is now a generation-long stagnation of wages and rising economic insecurity. Steps must be taken immediately to shore up our flagging economy and provide much-needed assistance to working families. more »

Armand Biroonak's picture

CAF STAFF

Workers with Employer-provided Pensions Fall

The number of workers covered by employer-provided pensions fell from 2000 to 2006--despite rising during the 1990s--leaving fewer than half of all workers with pension coverage.

Source
Armand Biroonak's picture

CAF STAFF

Retirement Pensions No Longer the Norm

Twenty-five years ago, 88 percent of workers who participated in a workplace retirement plan were covered by a defined benefit pension; in 2004, only 37 percent were.

Source

The 401(k) Myth

truthdig.com — The blinding headache will come when millions of people retire to find that their promised pot of gold is close to empty.

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Terrance Heath's picture

CAF STAFF

FedEx Contractors Sue For Benefits, Pensions

Alex Carter's picture

CAF STAFF

Midsummer Market Meltdown

feeds.feedburner.com — As stocks wobble, one group remains unfazed: managers who profit from public pension funds.

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Bill Scher's picture

CAF STAFF

Automakers Again Demanding Union Givebacks

U.S. Automakers May Hand Pension Responsibility To Unions

Terrance Heath's picture

CAF STAFF

Unions And Enviros Join To Affect U.S. Farm Policy