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dc.contributor.authorAFL-CIO
dc.date.accessioned2020-12-05T20:19:45Z
dc.date.available2020-12-05T20:19:45Z
dc.date.issued2006-08-24
dc.identifier.other4123753
dc.identifier.urihttps://hdl.handle.net/1813/88148
dc.description.abstract[Excerpt] The retirement security of working families is under attack as never before. Many financial firms have overtly or covertly supported recent efforts to privatize Social Security and to convert traditional defined benefit pensions to 401(k)-style plans. For some firms that could gain financially from converting retirement systems, such support creates a conflict of interest with many clients concerned about preserving secure retirement programs. Some companies have directly backed initiatives that threaten retirement security. For example, Charles Schwab and Wachovia both belong to the pro-privatization lobby, the Alliance for Worker Retirement Security. Citigroup donated $100,000 to Citizens to Save California, which has championed the proposal to outlaw traditional public pensions in California.
dc.language.isoen_US
dc.rightsRequired Publisher Statement: Copyright by the AFL-CIO. Document posted with special permission by the copyright holder.
dc.subjectretirement
dc.subjectsecurity
dc.subjectprivatization
dc.subjectfinancial services
dc.subjectSocial Security
dc.subjectAFL-CIO
dc.subjectunion
dc.subjectinvestment
dc.subjectdefined benefit
dc.subjectdefined contribution
dc.subject401(k)
dc.subjectpension
dc.subjectreform
dc.titleRetirement Security: How Do Investment Managers Stack Up?
dc.typearticle
dc.description.legacydownloadsafl_cio_Retirement_Security_Report_1_.pdf: 100 downloads, before Oct. 1, 2020.
local.authorAffiliationAFL-CIO: True


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