What’s Good for the Goose…On Dec 14, 2015 Latest updates
While a California SEIU local is adamantly opposed to a ballot measure that would replace pensions with 401(k) plans for new government employees, it provides 401(k) plans for its own staff.
Many of California’s most militant and powerful government unions provide their own employees with the same kind of 401(k) plans they are now attacking…
Unions that provide 401(k)s include the … California Teachers Association and California State Employees Association SEIU Local 1000…
A recent statewide poll found that 68 percent of likely voters in California believe public pension costs are a problem for state and local government budgets, and that 70 percent favor a 401(k)-style plan for new California government employees.
When union officials bad-mouth 401(k)s, Californians should ask two key questions: If 401(k)s are so bad, why are they good for your own employees? And if 401(k)s are good for employees of the union, why wage war on the proposed ballot measure?
Here’s what the SEIU local president had to say about the issue: