Mayor bans Shore Point from festival for trying to switch it’s workers from a pension to a 401k:
Finds new beer vendor that gives its retirees a…..ummm…..401k!
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4 Comments
Shore Point’s union members should picket the Belmar Seafood Festival.
The Union members should be happy with new choice. With a 401k plan you control your own destiny. The money in the pension plan will be converted to their individual selection of a 401k investment vehicle. That is a tax free transfer. Ah what the hell do I know I’m just an old man.
Matt Dorehty…….hypocrites are us!
Bet the Teamsters wished they set up a 401k instead of investing with Jersey City Politician Scuba Diver, Assemblyman Dave Friedland. Fooled Teamsters Times two.
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