Archives for March 2024

In the last half century, the disparity between the regular workers and company CEOs has grown exponentially. While the average CEO’s pay has grown over 1,200 percent since 1978, according to the Economic Policy Institute, typical worker pay has only risen by a comparatively miniscule 15.3 percent. While no one expects an average worker’s salary… Read More »

In the Summer 2023 edition of the BellTel Newsletter, our team announced that we had achieved a proxy win for retirees at the 2023 Verizon Annual meeting. In advance of this announcement we were led to believe that one of our proxy proposals, Golden Parachutes, would be implemented into Verizon corporate policy and, as a… Read More »

2024 marks 50 years since the Employee Retirement Income Security Act of 1974 (ERISA) became law. This is the federal tax and labor law that established minimum standards for defined benefit pension plans for the private sector in the United States. The earlier movement for pension reform truly began in the 1960s with President John… Read More »

The Pension Benefit Guaranty Corporation (PBGC) was created under the authority of the Employee Retirement Security Act (ERISA) in 1974, to protect the retirement incomes of over 30 million American workers across the private sector, who have defined benefit pensions. The PBGC funds its pension safety net through premiums that the private companies pay. Additionally,… Read More »