The success of the AFL-CIO Investment Programs shows that the pension plans of union workers have a strong interest in pooling their investment dollars, and demonstrates their belief in low investment management fees and investments that promote good corporate governance.
Richard L. Trumka, President, AFL-CIO
Union pension plans understand—now more than ever—the importance of generating good returns and making sure those investments provide for the retirement security of their participants and beneficiaries.
Liz Shuler, Secretary-Treasurer, AFL-CIO
International Union Presidents
AFL-CIO Investment vehicles have generated tens of millions of hours in construction work while creating thousands of permanent jobs.
Newton Jones, President, International Brotherhood of Boilermakers (IBB)
Too often, directors have awarded compensation packages that go well beyond what is required to attract and retain executives, and have even rewarded poorly performing CEOs. That is what makes tools to assist in strengthening our collective voice behind the AFL-CIO Proxy Voting Guidelines so important.
Gregory J. Junemann, International President, International Federation of Professional and Technical Engineers (IFPTE)
Proxy voting and shareholder activism allow us to have a big impact on how corporations behave. The AFL-CIO Equity Index Fund gives us the power—the power to hold corporations accountable for what they do with our stockholdings.
Harold Daggett, President, International Longshoremen’s Association (ILA)
The AFL-CIO Investment Programs are putting IUEC members to work; I think I speak for all of us when I say we appreciate this greatly. We are privileged to benefit from the contributions of fellow union members’ pension funds.
Frank J. Christensen, General President, International Union of Elevator Constructors (IUEC)
State Federations and CLCs
We can’t just talk the talk when it comes to investments. We must walk the walk. It is critical that we support funds that vote 100 percent in line with the AFL-CIO’s Proxy Voting Guidelines.
Jimmy Curry, President, Oklahoma State AFL-CIO
When we use shareholder activism we can influence companies on issues such as executive pay and corporate political spending disclosure.
George Nee, President, Rhode Island AFL-CIO
Union pension investments must represent a worker-owner view of value that emphasizes management accountability.
Erin McKee, President, South Carolina AFL-CIO
Companies like Fidelity, BlackRock, Northern Trust, Vanguard, and others vote with the labor movement less than 50 percent of the time (as measured by the AFL-CIO 2013 Key Votes Survey). AFL-CIO Investment Programs ensure that proxy voting is 100 percent in line with the AFL-CIO Proxy Voting Guidelines.
Danny Thompson, Executive Secretary-Treasurer, Nevada State AFL-CIO
On average, CEOs at S&P 500 companies earn 331 times more than the average worker. In other words, these CEOs are making $11.7 million a year on average. The AFL-CIO Investment Programs are a critical way the labor movement can have a large voice to ensure more fairness in executive compensation.
Vince Beltrami, President, Alaska State AFL-CIO
We need to make sure if working people’s money is invested, it should be invested properly and have the standards that we care about.
Steve Tolman, President, Massachusetts AFL-CIO
I am 100 percent behind investments that put union pension dollars back to work creating good jobs and revitalizing our communities.
Richard Rogers, Executive Secretary-Treasurer, Greater Boston Labor Council
State Building Trades Presidents
We should be proud of how our retirement savings are getting competitive returns, creating jobs, and putting America back to work.
Jimmy Fish, Executive Director, Oklahoma State B.C.T.C.
Thousands of union members are going to work each day on projects made possible by the investment of union pension funds.
Neil Hall, President, Colorado State B.C.T.C.
It is a two win situation—unions are getting money back in our fund while also putting people back to work where they’ve been out of work for quite some time.
Zane Walker, President, Michigan B.C.T.C.
Union members need jobs now, and we know we have a responsibility to invest our dollars to create those jobs. That’s what makes the AFL-CIO Investment Programs such important tools.
Jason Ehlert, President, North Dakota B.C.T.C.
The AFL-CIO Investment Programs put people back to work. That’s what drives the whole economy and finances pensions.
John Roeber, President, Montana State B.C.T.C.
To grow we must start investing in ourselves—that is what the AFL-CIO Investment Programs are all about: generating competitive returns, putting our members to work, and creating jobs.
Tiger Hammond, President, Louisiana State B.C.T.C.
The growth of the AFL-CIO Investment Programs shows an increasing demand for investments that promote good corporate governance.
James D. Clark, Division President, IUE-CWA
The AFL-CIO Investment Programs help ensure that union pension dollars are working to advance our shared values rather than working against us. In short, they allow us to invest in ourselves.
Ted Champ, President, BAC Local 4
The AFL-CIO Investment Programs are about investing our union dollars to leverage our collective assets in ways that support and advance the goals of all workers.
Todd Diorio, Business Manager, Laborers’ Local 17
AFL-CIO Investment Programs share our commitment to ensure the highest possible standards of honesty, integrity, and professionalism.
Gary Menzel, President and Business Manager, Local 11
When we work together—as workers and investors—we are stronger than when we stand alone.
Paul E. Almeida, President, Department for Professional Employees (DPE)