The legislative mandate of taking money as deferred compensation to keep it safe as a future pension while promising that it will not be there when it is needed is wage theft. Active teachers across America have this occur with every paycheck.
Retired teachers are having their constitutionally and contractually protected payment agreements re-legislated after the legal agreement. Law suits are presently underway across America to stop both forms of wage theft. The main court battles are in Republican dominated New Jersey and Democrat dominated Illinois. To be perfectly clear, it’s not about political issues; it’s about corporate greed and control.
“The courts will decide,” according to same state legislatures who have systematically stolen from public pension funds for decades.
So, the Koch Brothers, Wal-Mart, Dow Chemical, Pfizer Pharmaceuticals, and other major corporations and billionaire owners are attempting to influence the judges who will make these and similar future interpretive decisions. Yes, it bought enough legislators from both political parties to pass the legislation violating the legislators’ oaths of office to protect their own state and federal constitutions. Now, the same legislative owners want to buy judges to gain judicial control. Read the full Huffington Post article HERE.
What do they have to gain? Billions of dollars nationwide as states take money from public employee pension funds and hand it over to these same corporations and billionaires as grants, gifts, incentives, tax cuts and any other euphemisms ending in $$$$$$$$$$$.
What do teachers and other public employees have to lose? Their life savings, homes, sufficient nutritional food and clothing, and adequate healthcare coverage to assure a healthful old age spent outside of poverty.
The ALEC Plutocrats are financing the first ever AJEC event to influence judges and control the judiciary – judicial decisions to legalize pension wage theft.
If this seems unreal, surreal or exaggerated, please read the links below of the actual symposium itself.
Where and when is the “Judicial Symposium on the Economics and Law of Public Pension Reform” being held? In the luxurious Colonial Ballroom of the Francis Marion Hotel in Charleston, South Carolina.
April 27-29, 2014.
Read the actual agenda from the symposium organizers HERE.
Read the names and credential of the AJEC speakers HERE.