Where’s my pension?
Here’s the deal – unions and pensions have been under attack for decades by the forces of Wall St. and wealthy individuals like the Kochs and Pete Peterson. They have had way more success in terms of union busting and pension elimination in the private sector than the public sector.
Today less than 10 percent of the workers in the private sector have access to things like collective bargaining and arbitration. That means most Americans are in charge of saving their money for retirement to augment Social Security. And the average American has saved somewhere between zero dollars and about $25,000 to live on after they stop working. That’s going to make even modest public employee pensions seem wildly unfair to many. And that in turn will make it even easier for the union-busting pension grabbers to accomplish their goal – the total and complete annihilation of labor unions and pension plans.
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