More Wealth Disparity: CEO Pensions vs. Workers’ Retirement
Apr 12, 2016 ·
38m 56s
Leslie is joined by Fred Redmond, International Vice President of Human Affairs for the United Steelworkers Union. They discuss why, last week, the U.S. Labor Department announced new rules to...
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Leslie is joined by Fred Redmond, International Vice President of Human Affairs for the United Steelworkers Union.
They discuss why, last week, the U.S. Labor Department announced new rules to protect workers who have been forced out of secure defined benefit pensions and pushed into risky 401(k) plans and Individual Retirement Accounts (IRAs) over the past 30 years.
The Obama administration estimated that cheating, self-dealing and conflicts-of-interest by financial advisers for 401(k)s and IRAs cost workers $17 billion a year. That should be $17 billion more in workers’ retirement accounts. Every year.
(this info and more can be found in USW President Leo's Gerard's weekly blog on this topic - http://tinyurl.com/qzu9lg5)
The USW's website is www.USW.org. The Twitter handle for the Steel Workers is @Steelworkers and the Twitter handle for USW President Leo Gerard is @USWblogger.
show less
They discuss why, last week, the U.S. Labor Department announced new rules to protect workers who have been forced out of secure defined benefit pensions and pushed into risky 401(k) plans and Individual Retirement Accounts (IRAs) over the past 30 years.
The Obama administration estimated that cheating, self-dealing and conflicts-of-interest by financial advisers for 401(k)s and IRAs cost workers $17 billion a year. That should be $17 billion more in workers’ retirement accounts. Every year.
(this info and more can be found in USW President Leo's Gerard's weekly blog on this topic - http://tinyurl.com/qzu9lg5)
The USW's website is www.USW.org. The Twitter handle for the Steel Workers is @Steelworkers and the Twitter handle for USW President Leo Gerard is @USWblogger.
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| Author | Leslie Marshall |
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