Clinton Initiative Praises Union Pension Investments

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Randi Weingarten was part of a lineup of leaders from business, philanthropy and global organizations in the February 10 session that looked at the future of initiatives to meet a variety of challenges around the world, including poverty, climate change, technology and education.
 
President Bill Clinton, who moderated the plenary, recognized Weingarten at the end of the session for her work with CGI and a variety of other unions to direct some of the $2 trillion of union pension assets into investments that upgrade our nation's infrastructure and create good jobs. To date, Weingarten reported, $14 billion in union pension funds has been invested in infrastructure projects that have created up to 140,000 jobs.
 
America's labor movement, Weingarten said, wants to "make sure we rebuild America so everyone can reach the American dream."
 
Click here for 2011 press coverage of the CGI meeting where Weingarten and AFL-CIO President Richard Trumka first announced their collaboration with public pension funds.
 
Earlier in the session, Weingarten talked more broadly about the need for public-private partnerships, like many of the projects the Clinton Global Initiative supports, "to address the public good." 
 
She discussed the promise of career and technical education programs that often bring together a variety of partners. Students in these programs, she noted, graduate from high school and go on to college at higher rates than the general student population. CTE programs not only give students the specific skills and knowledge they need to pursue different pathways, whether higher education or employment, but also teach students how to work together and solve problems, she said.
 
Click here for a report-back from the first national CTE Summit organized last fall by AFT and the AFL-CIO.
 
On the ESEA -- known in its current form as No Child Left Behind -- Weingarten said, the "total and complete fixation on testing" has led to schools that spend more time on testing than on actual teaching. That fixation, she added, "is eclipsing virtually everything else" in schools, and it's something the AFT is addressing through our proposals to reauthorize the law.
 
Click here for Weingarten's op-ed published yesterday at The Huffington Post on AFT's priorities in a re-authorized ESEA.