The Govt.& SEIU Want Your 401k’s Pt.2

Excerpt from article below,

Unions Want to Take Over Your 401(k) 

By: Gene J. Koprowski
Tuesday, 17 Mar 2009 11:04 AM

One of the nation’s largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new “retirement system” for the United States.

Parameters:
• Benefits that move with you, even if you change jobs
• Payouts only at retirement
• Shared responsibility among employers, the government and employees
Pooled assets, controlled by professional investment managers
Rest of article,  http://moneynews.com/StreetTalk/unions-401k-pensions/2009/03/17/id/328862

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~ by riffenberg on March 23, 2010.

One Response to “The Govt.& SEIU Want Your 401k’s Pt.2”

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