{"id":248,"date":"2008-04-17T13:04:34","date_gmt":"2008-04-17T13:04:34","guid":{"rendered":""},"modified":"2016-08-09T18:17:04","modified_gmt":"2016-08-09T18:17:04","slug":"union-pension-funds-funneled-into-politics-strip-club-horse-farm-and-private-jets","status":"publish","type":"post","link":"https:\/\/nrtw.org\/es\/blog\/union-pension-funds-funneled-into-politics-strip-club-horse-farm-and-private-jets\/","title":{"rendered":"Union Pension Funds Funneled into Politics, Strip Club, Horse Farm and Private Jets"},"content":{"rendered":"

\nThe Chicago Sun Times reports<\/a> that $25 million from five union pension funds have been misused by a Chicago firm that specializes in managing union pension funds. Such funds are funded from employees’ paychecks and normally all employees under a union contract – even if they don’t want to be – are forced to pay money in. Often the pension funds are then used as de facto<\/i> slush funds for union officials.\n<\/p>\n

\nAccording to reports<\/a>, one million dollars were funneled into political organizations including "Citizens for a Greater Detroit" and the Michigan Democrats. Money was also used to buy a Detroit strip club, a Michigan horse farm, and millions were used for "travel and entertainment" for clients including private jets, Vegas nightclubs and Super Bowl tickets.\n<\/p>\n

\nSince the firm specializes in managing union pension funds, the "clients" being entertained were likely union officials who were effectively ripping off the very employees they claim to represent. It is also unlikely that it is a coincidence that the political money went to the union’s political allies.\n<\/p>\n

\nThe Department of Labor is suing<\/a> the firm to try and recover the funds, but if unions didn’t have the power to force employees to accept their "representation," employees would not have been compelled to fund these pension plans in the first place.<\/p>\n","protected":false},"excerpt":{"rendered":"

\nThe Chicago Sun Times reports<\/a> that $25 million from five union pension funds have been misused by a Chicago firm that specializes in managing union pension funds. Such funds are funded from employees’ paychecks and normally all employees under a union contract – even if they don’t want to be – are forced to pay money in. Often the pension funds are then used as de facto<\/i> slush funds for union officials.\n<\/p>\n

\nAccording to reports<\/a>, one million dollars were funneled into political organizations including "Citizens for a Greater Detroit" and the Michigan Democrats. Money was also used to buy a Detroit strip club, a Michigan horse farm, and millions were used for "travel and entertainment" for clients including private jets, Vegas nightclubs and Super Bowl tickets.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[889],"tags":[],"class_list":["post-248","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"\nUnion Pension Funds Funneled into Politics, Strip Club, Horse Farm and Private Jets - National Right to Work Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nrtw.org\/blog\/union-pension-funds-funneled-into-politics-strip-club-horse-farm-and-private-jets\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Pension Funds Funneled into Politics, Strip Club, Horse Farm and Private Jets - National Right to Work Foundation\" \/>\n<meta property=\"og:description\" content=\"The Chicago Sun Times reports that $25 million from five union pension funds have been misused by a Chicago firm that specializes in managing union pension funds. 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