A Capital Idea

[Excerpt] The victory at Work Wear plants is a striking example of how unions\u27 financial power can make worker\u27s lives better. Unions can intervene and show power in bankruptcy courts, in corporate board rooms, and at the deal-making tables. Unions never have to be shut out of the forums where the futures of our companies are decided. We just have to know how to use the tools we already possess

Rebuilding Workers’ Retirement Security: A Labor Perspective on Private Pension Reform

This chapter surveys the issues facing policymakers and workers’ organizations thinking about rebuilding a viable retirement security system in the United States, in the context of declining defined benefit coverage and persistent serious flaws in defined contribution plans. The chapter lays out principles for a universal system of supplemental retirement income coverage based on mandatory contribution levels, mandatory portability, limitations on early withdrawals, and annuitization. The structure outlined envisions continued participant and employer choice of both investment strategy and benefit design, with incentives built in for collective asset management

Damon Silvers on Investor Protection for Senate Banking Committee

Testimony of Damon A. Silvers, Associate General Counsel, American Federation of Labor and Congress of Industrial Organizations, Senate Banking Committee, Hearing on Investor Protectio

Hearing before the Congressional Oversight Panel

RE: Treasury Secretary Timothy F. Geithner; S. H RG . 111– 7

Hearing with Secretary Timothy Geithner before the Congressional Oversight Panel

ONE HUNDRED ELEVENTH CONGRESS SECOND SESSION; S. HRG. 111– 70