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Does CTA/NEA 403(b) Position
Hurt Union Credibility?
posted by "Dan Otter"

I've been wondering how much damage the NEA and CTA position on the 403(b) hurt their credibility and unions in general? The NEA "Value" builder product and CTA performance around AB 1949 are pretty indefensible acts from the member's perspective.
  • CTA Helps Kill AB 1949
  • NEA pockets money from its expensive NEA Valuebuilder product; meanwhile NEA has Vanguard for its 401(k)
  • Dick Morris wrote the following about annuity arrangements: "The Florida Education Assn., for example, collected $140,000 in ‘program royalties’ last year, federal records show. The Illinois Education Assn. received $178,148, while the Maine Education Assn. was paid $33,610. So everyone is doing well on the annuity scheme—except the union members..."
Have these unions lost credibility? Have they lost the ability to speak for teachers on other issues?
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