In response to:

Oh my: AFL-CIO Pulling Campaign Funds from Obama Re-Elect?

Trixie52 Wrote: Jun 14, 2012 9:44 AM
The union my husband belongs to doesn't even contribute any dues to the pension fund. It is a wholly employer-contributed plan. The $5-6K in dues he paid each year while working was solely for the privilege of being a member.
Trixie52 Wrote: Jun 14, 2012 1:34 PM
They are not bank accounts of corporations. In this particular union, the employers pay $4.00+/hour to the union for its members' pension. The union itself does not fund this pension plan and neither do its members. It is also not a 401(k) plan. And yes, the checks come from the union and they have complete control over it.
Trixie52 Wrote: Jun 14, 2012 10:43 AM
to provide a service or product.
Trixie52 Wrote: Jun 14, 2012 10:43 AM
He already has retired, unfortunately from a disability. I guess my point is that in some cases, the money collected doesn't even need to be directed to pension funds and therefore all of it can be squandered. Except, of course, that money devoted to their own salaries. Hopefully, the USDOL/OPWBP is still doing audits of pension plans and thwarting any illegal dipping in. I'm not anti union, without it we'd be up the creek. But I think they've gone way overboard. They propagate an "us against them" mentality between workers and management. I also think there should not be any public employee unions as their salaries and benefits are totally based upon the taxpayers' ability to pay instead of a private company's willingness and expertise
rick1907 Wrote: Jun 14, 2012 10:41 AM
Hey Joe, what's the point of disturbing this lady, so you can feel like somebody who knows what he's talking about? You don't dude. There aren't any unions "controlling" the bank accounts of corporations. That's flat out a deliberate lie or plain stupid i don't know which. Do you even know what a 401K is? "likely the union controls the bank accounts..." indeed. Bunch of jive.
Joseph64 Wrote: Jun 14, 2012 9:51 AM
But it is likely that the union controls the bank accounts that the money was deposited in. Unions have been demanding direct control of pension and benefit funds for a long time now. Don't be surprised when your husband is ready to retire if the money isn't there. The governments and private sector companies made the contributions like they were supposed to, but the union squandered it.

Remember what we wrote about Obama's fracturing coalition this morning?  More trouble in paradise:
 

The AFL-CIO has told Washington Whispers it will redeploy funds away from political candidates smack dab in the middle of election season, the latest sign that the largest federation of unions in the country could be becoming increasingly disillusioned with President Obama. The federation says the shift has been in the works for months, and had nothing to do with the president's failure to show in Wisconsin last week, where labor unions led a failed recall election of Governor Scott...