pensions

Commentary:
By Mike Aguirre

Over fifty years ago John and Robert Kennedy exposed collective bargaining and pension abuses and pushed through effective legislative reforms. The Labor Management Reporting and Disclosure Act and the Welfare Pension Plan Disclosure Act prohibit management and union officials from making or accepting pay offs, protect pension and union assets from theft or misuse, require annual financial disclosures, and guarantee the democratic rights of union members and pensioners.

<p><br>
<strong>New America Media</strong></p>
<p>Only a week after an election signaling a rollback in public-employee retirement benefits, new Federal Reserve data show a sharp decline in family wealth. The effect is especially acute for non-whites and Hispanic households.</p>