Pension money is usually managed by financial institutions with very conservative interests. D.C. Certainly unions want their pension money to be invested wisely and to bring a good financial return. By having come control over investments, unions could set more ethical guidelines for investment. Rather than make a quick profit by investing in a non-union company, unions could promote investments in unionized companies with good labour relations. Such investments would strengthen unions and help maintain union jobs.
Pension funds hold massive amounts of money.
The investment of these funds can have a major effect on the economic and social well-being of Canadian communities. It is therefore important that workers become involved in the management of pension funds. Pensions are just too important to ignore. Take the time to learn about pensions. Encourage retirees to organize a chapter in your local.