Posts tagged union pension funds
Op-ed: Celebrating the Decline of Big Labor
September 2, 2025 // New York and California have 17 percent of U.S. workers, but almost 30 percent of U.S. union members. The states with the lowest rates include the Carolinas, which do not allow collective bargaining in the public sector. More states should look to abolish public-sector collective bargaining, as Utah did this year. And more states should pick up where Republicans left off in the early-to-mid 2010s by passing right-to-work laws. The first order of business should be restoring Michigan’s law that Democrats repealed. In 24 states, private-sector workers can still be coerced to join or financially support a union.
Unions using ESG to control workers — and drain Americans’ retirement savings
March 21, 2024 // They’re pushing board nominees and shareholder proposals that aim to force more workers into union membership, even when workers don’t want it. The Biden administration has smoothed the path for this underhanded strategy, and not only does it threaten workers, it endangers millions of Americans’ retirement savings. A new Institute for the American Worker report shines a light on labor unions’ reliance on ESG.
Striking Workers Battle Hotel Owned By Union Pension Fund
February 16, 2024 // Unite Here had strategically lined up its hotel contracts to expire at the same time to increase its leverage with the industry. The unusually tight labor market has also buoyed unions more generally in their recent contract fights, with low unemployment making it harder for employers to replace workers on the cheap.
The rise and fall of ESG investing
November 9, 2023 // Ideologically aligned investments are risky. Fink and others now seem to understand that. There’s a role for ESG investing if people want it, with the risks and realities clearly explained up front. As the conversation moves forward on rulemaking, regulation and what the law should be, the fiduciary responsibility that money managers have to their clients to produce the greatest possible return on investment must remain the paramount consideration.
Opinion Project labor agreements are not right for Prince George’s new schools
July 10, 2023 // A debate has arisen over the use of project labor agreements (PLAs) on the construction of six new schools in Prince George’s County. But PLAs, which require union construction crews, are not the solution for Prince George’s County. PLAs are government mandates that exist exclusively as a method for public officials to steer tax dollars to organized labor. Most local businesses, particularly those owned by racial minorities, cannot work on projects covered by PLAs. These businesses risk financial ruin in the form of exorbitant pension withdrawal liabilities by agreeing to the terms of PLAs. Consider the case of a trucking company in New Jersey that unwittingly agreed to work on a PLA project and, years later, was hit with a demand from the union’s pension fund for $700,000 — more than twice what the company earned on the project.