Forum Post: How the labor unions lost control of their pension fund money.
Posted 12 years ago on Dec. 6, 2011, 11:16 p.m. EST by scvblwxq
(155)
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http://www.law.upenn.edu/journals/jbl/articles/volume4/issue1/Fogdall4U.Pa.J.Lab.&Emp.L.215(2001).pdf
It looks like this is too long for the link to work. Try copying the URL into your browser.
Thanks for this document. It is very informative.
Anyone who is a union member should definitely read it.
It seems to me that a union could create its own pension fund that it would exclusively control simply by asking its members to approve its stated objectives and begin contributing to it. As time went on, the workers could negotiate away the pension fund controlled jointly with management in exchange for higher wages, from which they could increase their contributions to the union's pension fund.
If this was to happen across several industries, and in each case the stated objectives were to promote union jobs, there would definitely result a growth of union membership.
This type of action should be carefully considered by anyone in a union or in union leadership.
That link doesn't seem to work, even when I add the pdf extension manually. Regardless, though, the problems with mainstream labor unions is labor bosses. How such and such a union lost control of pension fund money is likely irrelevant in the larger scope of things. As long as labor unions are dominated by union bosses, there is bound to be corruption. It follows a similar trend as does our political system. The IWW is the only union that I know that is quite active and that refuses traditional union standards.
I got it to work by copying it, with the .pdf extension. It's a long article, and I'll read more of it later.