Washington, D.C. (September 1, 2009) – The Workforce Fairness Institute (WFI) today issued the following statement in response to a report by the Hudson Institute which reveals union pension plans perform significantly more poorly than non-union pension plans.
“What this report clearly shows is that union bosses have not kept their word to workers and are in desperate search of a bailout. Big Labor needs the increased and forced union membership that would result from the Employee ‘Forced’ Choice Act because they have badly mismanaged and mishandled worker pension programs,” said Katie Packer, executive director of the Workforce Fairness Institute. “EFCA’s arbitration provision would force newly-unionized companies into these underfunded pension plans rendering many insolvent. The small business community will not allow Congress to reward union bosses with legislation that would force small businesses across the country to close increasing unemployment and resulting in massive job loss.”
The full report can be found at www.hudson.org.
