Posts tagged underwater pensions
Matt Kane: Better For America Ep 298 | Vinnie Vernuccio (Podcast)
August 6, 2024 // In mid July, Teamsters President Sean O’Brien addressed the Republican National Convention in Milwaukee. It was the first time that a leader of the union ever addressed the GOP convention. However, the Teamsters have also requested a speaking slot at the DNC later this month, meaning a lot is still up in the air regarding their support. Vinnie Vernuccio, the president and co-founder of the Institute for the American Worker joined Matt Kane on the Better For America podcast to share what he makes of this notworthy development. Vernuccio says that while O’Brien’s presence was significant, he feels his messaging “whiffed,” as his remarks could have been mistaken for ones targeted at a DEMOCRAT convention. Vernuccio also wonders whether the Teamsters are truly considering a Republican endorsement, or if they are simply hedging their bets due to their expectation that President Trump will win the November election.
Warn workers before unions persuade them to join underwater pension funds
June 13, 2024 // Unions know their pension plans are in serious trouble. The Teamsters have already begged the Biden administration for a $36 billion bailout. At least $127 million of that money went to about 3,500 dead recipients, which was returned only after Sen. Cassidy, Louisiana Republican, investigated the “wrongfully obtained funds.” Yet other union pension plans are still on the road to failure, and no amount of taxpayer money can paper over the underlying challenges they face.