Posts tagged Robert Onder
House GOP panel accuses nation’s largest teachers union of exploiting members’ retirement benefits
September 29, 2025 // Committee Chairman Tim Walberg of Michigan and committee members Rick Allen of Georgia, Kevin Kiley of California and Virginia Foxx of North Carolina shared a Securities and Exchange Commission filing that showed retirement services provider Security Benefit paid the nation’s largest teachers’ union a $4 million annual “base fee” for the exclusive right to sell annuities and mutual funds to teachers in 2023-24. They noted that Department of Labor reports show the NEA receiving more than $61 million in “service level agreement” or “advertising revenue” since 2005, even as the union maintains in its 2024 SEC filing that it received “no dividends, royalties, profit, or licensing fees” from Security Benefit.