Dear Secretary Chao,
On July 17th, 2008, the SEIU is sponsoring a “Take Back the Economy,” with planned events in 100 cities. As part of its overall economic agenda, the SEIU has advocated for defined benefit pension plans, and has used promises of secure pension benefits to encourage workers to join the union. However, as this letter and the evidence will show, the financial health of many SEIU pension plans covering rank and file workers is deteriorating. The pension plans covering SEIU staff and executives, by contrast, are well funded...
