Posts tagged Nationwide and Security Benefit

    Blog Op-ed ● Unions

    The Nation’s Largest Teachers’ Union Is Bleeding Members With a Shady Investment Scheme

    January 18, 2023 // For more than 17 years, the National Education Association (NEA) has been siphoning off millions in kickbacks for exploiting its members’ trust and convincing them to invest in annuities and other investment vehicles that charge outrageous fees and underperform compared to similar plans available on the open market.

    9th Circuit Court of Appeals Alabama Education Association Clinton v. Security Benefit Life Insurance Co Daniels-Hall v. National Education Association DOL Employee Retirement Security Act Fifth Amendment Jimmy Hoffa kickbacks Labor-Management Reporting and Disclosure Act LM-10 Nationwide and Security Benefit NEA Valuebuilder Plan