Portable pensions--we need them

Yes, just ask your union rep who should control your pension. I'm sure they'll be impartial.

"SEIU Promotes Risky Pension Plans

Last month the Service Employees International Union sponsored “Take Back the Economy” rallies in 100 cities, supporting a largely Democratic economic agenda. Included in the union’s wish-list is support for “defined-benefit” pension plans, which SEIU advocates over “defined-contribution” plans for workers. The latter setup, which includes 401(k) plans, allows workers to make regular contributions toward their pension funds—contributions which can be carefully invested and transported from job to job. To the contrary, defined-benefit plans are usually managed by union officers who can steer funds to projects requiring union-only contracts—but not necessarily good investments. The SEIU National Industry Pension Fund, for instance, is underfunded by about 44 percent despite a well-funded plan for SEIU officers, reports Brian Johnson of the Alliance for Worker Freedom." Capital Research Center Newsletter

Kind of reminds me of the well-funded, congress on both sides of the aisle who didn't want to see sound changes in Social Security but had their own pension plan that closely resembled what Bush proposed for the rest of us. When the people have more, the politicans have less.