Binding Arbitration Could Force Workers into Underfunded Pensions
The misnamed Employee Free Choice Act (EFCA, H.R. 800) is organized labor's top legislative priority. The portion of the bill that ends union organizing elections has received the most attention and criticism. No less dangerous, however, is a binding arbitration provision that would empower government officials to set workers' wages and working conditions. Binding arbitration could also force workers into multiemployer union pension plans, many of which are severely underfunded and cannot pay promised benefits.
Source: heritage.org