Tag Archives: Taft Hartley

Big Labor Finally Getting The Shaft From Democrat Politicians

By Doug Book

labor unions SC Big labor finally getting the shaft from Democrat politicians

It seems big labor is getting nervous about anticipated disastrous effects on the healthcare benefits of union membership by Barack Obama’s Affordable Care Act. So nervous are they in fact that James P. Hoffa and organized labor comrades Joseph Hansen and Don Taylor addressed their concerns in personal letter form to Harry Reid and Nancy Pelosi, a clear break from the more conventional late night exchange of cash and instructions so common between labor kingpins and Democrat politicians.

“We can no longer stand silent in the face of elements of the Affordable Care Act that will destroy the very health and wellbeing of our members,” wrote the 3 union bosses to leaders of the political party to which organized labor donated some $800 million in 2008 and $700 million two years later. “Congress wrote this law; we voted for you. We have a problem; you need to fix it.” Though Hoffa didn’t specifically include “When we buy politicians, we expect ‘em to STAY bought,” the implication was clear enough.

Four years ago, there were no more vocal or committed supporters of Obama’s signature healthcare plan than organized labor. But now, Hoffa and the others are whining that “…the ACA will shatter not only our hard-earned health benefits, but destroy the foundation of the 40 hour work week that is the backbone of the American middle class.” Yet none of the damaging contents of the Affordable Care Act have changed during the past 4 years. So why is labor suddenly in a panic?

The ObamaCare employer mandate requiring that employers of over 50 full time (40 hour/week) workers provide healthcare or pay a stiff penalty is being met with a sudden influx of part time employees. In fact, part time hires are outpacing full time in 2013 by over 4-1, a complete reversal of employment figures for 2012. This destruction of the 40 hour week complained of by Hoffa means fewer dollars for employees and a black eye for unions paid to protect their interests.

But of greatest concern to labor bosses are the multi-employer or Taft Hartley health plans currently carried by some 22 million union members. Unions pride themselves on their ability to provide these Cadillac health plans to members at reasonable prices. (Employers of course pay the bulk of the tab.)

However, as ObamaCare requirements are certain to drive premium prices sky high, employers will counter by dropping the plans when unions contracts expire,  placing members in the individual, ObamaCare exchange market. Once placed in the ObamaCare market without insurance, employees will qualify for subsidies.

BUT, why join a union or maintain membership if one of the principle reasons–the long-term availability of first rate healthcare at very reasonable prices–no longer exists?! One of the biggest draws for joining a union is being taken away from big labor, and they do NOT like it!

So Hoffa and other labor bosses now want to have their cake and eat it too–they are demanding that members be permitted …read more

Source: FULL ARTICLE at Western Journalism

Manning & Napier, Inc. Announces Quarterly Dividend

By Business Wirevia The Motley Fool

Manning & Napier, Inc. Announces Quarterly Dividend

FAIRPORT, N.Y.–(BUSINESS WIRE)– Manning & Napier, Inc. (NYSE: MN), (“Manning & Napier” or “the Company”) today announced that its board of directors has declared a quarterly dividend of $0.16 per share of Class A common stock. The dividend will be paid on or about May 1, 2013 to shareholders of record as of the close of business on April 15, 2013.

The dividend marks the fifth quarterly dividend since the Company’s Initial Public Offering conducted in November 2011.

About Manning & Napier, Inc.

Manning & Napier (NYS: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 502 employees as of December 31, 2012.

Safe Harbor Statement

This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company’s current views with respect to, among other things, its operations and financial performance. Words like “believes,” “expects,” “may,” “estimates,” “will,” “should,” “intends,” “plans,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company’s actual results to differ from its expectations or beliefs include, without limitation: changes in securities or financial markets or general economic conditions; a decline in the performance of the Company’s products; client sales and redemption activity; changes …read more
Source: FULL ARTICLE at DailyFinance

Manning & Napier Exhibits at Pensions & Investments' East Coast Defined Contribution Conference

By Business Wirevia The Motley Fool

Filed under:

Manning & Napier Exhibits at Pensions & Investments’ East Coast Defined Contribution Conference

FAIRPORT, N.Y.–(BUSINESS WIRE)– Manning & Napier, (Manning & Napier or “the Company”) is exhibiting at the 2013 Pensions & Investments Annual East Coast Defined Contribution Conference (P&I East Coast) at the InterContinental Hotel in Miami from Sunday, March 10 to Tuesday, March 12. At booth #21, the Company will provide materials on the convergence of health care and retirement, a key issue in the retirement readiness crisis.

Mary Moglia-Cannon, JD, Senior Analyst and Portfolio Strategist at Manning & Napier, will be on-site at booth #21, where Manning & Napier will feature several recent white papers that highlight how spending and savings choices impact retirement readiness.

For more information on Manning & Napier, visit: https://www.manning-napier.com/.

For more information on Pensions & Investments’ East Coast Defined Contribution Conference, visit: http://www.pionline.com/conferences/dc-east/2013/overview.

About Manning & Napier

Manning & Napier (NYS: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 502 employees as of December 31, 2012.

Public Relations Contacts
Manning & Napier
Shannon Lappin, 585-325-6880
slappin@manning-napier.com
or
Prosek Partners
Cristina Martinez, 212-279-3115 x215
cmartinez@prosek.com

KEYWORDS:   United States  North America  Florida  New York

INDUSTRY KEYWORDS:

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Source: FULL ARTICLE at DailyFinance