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Today in Labor History

Dec. 14, 1995
Some 33,000 striking members of the Machinists end a 69-day walkout at Boeing after winning pay and benefit increases and protections against subcontracting some of their work overseas. Union Communication Services

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New Court Ruling Puts Workers, Retirees on The Back Burner
Posted On: Mar 21, 2018
Mar. 21, 2018 | PENSIONS | Big business beat the nation’s workers, retirees and savers in federal court as the Fifth U.S. Circuit Court of Appeals has tossed out the Labor Department’s fiduciary rule – the one that requires your pension and IRA advisors to put your interests first. The 2-1 decision by a panel of the judges on March 15 upset the National Consumers League, one of many consumer groups which lobbied for the rule, handed down during the Obama administration. The court, “with Chief Justice Carl Stewart offering a spirited dissent, issued a legally flawed decision that undoes a critically important Labor Department rule intended to protect the financial interests of retirees and other investors,” said NCL Executive Director Sally Greenberg. “Simply put, the DOL rule requires financial advisors to put the interests of their clients first. …” People’s World
 
 
Teamsters Local 992
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