Tag: american federation of teachers

Teachers Union Reportedly Clouts States to Fire Fund Managers for Advocating Pension Reform

  According to articles in Pensions & Investments and Barrons, the American Federation of Teachers has a solution for investment firms run by people who, in their personal lives, don’t toe the union’s political line on public employee pensions:  We may try to get your firm fired or never hired by pensions. Though a few financial journals covered this story as it came out in April, its real implications were overlooked.   Public pensions are typically defined benefit funds, controversial because they promise fixed benefits for life to retirees — a promise that turned out to be far more expensive

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