‘I don’t have a pension … What makes you so special?’

If your job offers a defined-benefit retirement plan, odds are good you’ve heard it before, maybe even across the negotiating table: Pensions are a relic of the past. Bolstered by slick marketing campaigns underwritten by Wall Street investment firms, employers have been successful in convincing a generation of American workers they don’t need pensions to […]

Updated: Laborers on strike in Shakopee to protect pension benefits

Union workers at a concrete products manufacturing facility in Shakopee went on strike yesterday, pledging to walk the picket line until Cretex Companies abandons its attempt to strip workers of their pension benefits. Since negotiations on a new contract for 38 members of Laborers Local 563 began in January, Cretex has refused to budge from […]