Unions - Looking Out for #1
Here in the LA Times is a piece that every teacher should see.
Apparently, mutual funds can pay teachers' unions to endorse them. In turn, the unions recommend them to their members -- without revealing the pay-to-play -- who are led to believe that the endorsement actually means something.
As a result, the teachers end up with retirement plans that often don't fit their needs -- and which may cost more than the better alternatives.
Shameful. Don't the unions insist that they're the ones that "protect" teachers? Doesn't sound like it to me.
Apparently, mutual funds can pay teachers' unions to endorse them. In turn, the unions recommend them to their members -- without revealing the pay-to-play -- who are led to believe that the endorsement actually means something.
As a result, the teachers end up with retirement plans that often don't fit their needs -- and which may cost more than the better alternatives.
Shameful. Don't the unions insist that they're the ones that "protect" teachers? Doesn't sound like it to me.
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