Tuesday, February 20, 2018

How a union sank a mom and pop company overnight

How a union sank a mom and pop company overnight:
"This is a sad story out of Connecticut brought to us this week by the Washington Free Beacon.
It involves J-Con Woodworking, located in Thomaston.
Hilary and Mark Converse own the business and it’s been in operation there for more than three decades. 
Now, however, the formerly successful operation is shuttered and the owners are left with nothing.
It happened in rapid fashion after eight union carpenters working for them decided to withdraw from the Carpenters Union. 
See the source imageThat triggered a demand for pension fund payments from the union which essentially bankrupted the family.
J-Con Woodworking in Thomaston, Conn., closed its doors after 34 years in operation in order to cover $633,667.80 in retirement and health benefits as part of a multiemployer pension system maintained by the Carpenters Union.
The mass payout was triggered after the company’s eight union carpenters decided to withdraw from the union in a unanimous vote, according to reporter Marc Fitch.
...Just as we’ve seen with public employee unions in Washington and around the nation, the culprit at the bottom of all this is the system of lucrative pension plans which the unions negotiate for. 
They promise the moon in terms of retirement plans and pension payments unavailable to most private-sector workers today, and the cost of these systems swells over the years until the pension costs devour the host they are feeding on. 
In the case of the Converse family, they had no say in whether or not their eight carpenters stayed in their union and the unions refuses to disclose how they arrived at the whopping figure of well over a half million dollars as being their “share” of the bill for the pension plan.
All of this happens with the blessing of both the state and federal government.
The unions have long been so fully in control of politics, primarily through the Democratic Party, that they’ve been able to write their own rules..."
Read on!

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