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Service Employees International Union National Industry Pension Plan Only 75% Funded in 2006
The Wall Street Journal; subscription may be required 
[Opinion] July 16, 2008 Excerpt: Some of this might be the result of poor investment performance, but the main problem is that the SEIU hasn't negotiated adequate employer contributions to the plans. This is a common practice: Unions and management take credit for bargaining deals that promise generous retirement benefits, even as they ignore how they'll be funded. MORE >> |
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