March 3, 2015

How businesses created pensions to thwart unions

Buried in the $1.1 trillion spending bill that President Barack Obama signed into law is a provision that would allow the benefits of retired truckers, construction workers and others who contributed to so-called multi-employer pensions to be cut for the first time. This change — potentially affecting as many as 1.5 million current and future [...]

Koch brothers rallying to hurt pensioners

LANSING, Mich. – Americans for Prosperity, the conservative advocacy group supported by the Koch brothers, has launched an effort to torpedo a proposed settlement in the Detroit bankruptcy case, potentially complicating chances for completing the deal just as its prospects seemed to be improving. The organization, formed to fight big government and spending, is contacting [...]