Remember boys and girls March is fast approaching. What will happen when they tell more lies to the court and your consent decree is gone??Watch what happens when the ice cream ****ter can get his hands on NYC with no consent decree.Watch how fast Dirty Dougy Weinstein gives your future to the mobsters in New Jersey called the Northeast Council.Ask the Philly and New England UBC members how they are doing.The dirt bag Dave Stewart already has your funds.
Richjard tell us more about Dave Stewart. Its amazing in a city filled with financial professionals they could only find Dave Stewart who got duped by Madoff. The feds approved this guy cuase theyre on the take. I guess if the membership knew what this meant for their benefits and pension they would be concerned. But maybe not they were dumb enough to vote McInnis Cavanaugh and Geiger back in so maybe they like getting FCKED.
Stewart did not get duped. He was warned two years in advance to get out of Madoff and he ignored it.Also they did not find Stewart .McCarron sent him.He is a McCarron bitch who is already making changes to the NYC fund to make it easier to transition into the Jersey rats funds.McCarron and his NCCMP scum bags are making a huge move to tank defined benefit funds and create new Defined Contribution funds so they can keep running their billion dollar scams such as ULLICO Separate J. In the new plan your pension check will be cut every time these scumgas make the fund take a dive. NO more guaranteed amount for life.I suggest you move to control your fund and fund trustees by law before this scum bags make their move.Remember your sell outs on the fund cannot do a thing McCarron demands unless it is willingly. See Fuchs vs Allen.Go look at what McCarron did to the Southwest Ohio Pension plan and what he is now doing to the Pacific Northwest Pension plans.Camden Jersey Crook Dirty Donny Norcross(Spencers pal) introduced the NCCMP composite plan BS in the house two days ago.Here is what the Pension Rights Center says about composite plans..Joint Statement of AARP, the International Association of Machinists and Aerospace Workers, the International Brotherhood of Boilermakers, Musicians for Pension Security, the National United Committee to Protect Pensions, the National Retirees Legislative Network, the Pension Rights Center, the United Steelworkers, and the Western Conference of Teamsters Pension Trust Opposing Composite Pension Legislation
"we strongly oppose efforts to attach “composite plan” proposals" Advocates for composite plans argue that their proposals would preserve existing plans for workers and retirees while creating innovative plans for the future. But what they are not saying is that money that would be needed for the new composite plans will be taken from money needed to fund existing plans – likely leading to underfunding of both plans – without adequate benefit protections. Proposals to limit composite plans to certain industries do not solve the problem as these plans will face the same incentives to cut earned benefits.
The composite plan legislative proposal, while creating new risks for existing plans, would continue to permit underfunded existing plans to cut retiree pensions. Benefits under the new composite plans would not be guaranteed, as plan trustees have broad authority to reduce earned pensions, including for retirees already receiving pensions .. The composite bill is an idea designed and promoted by the National Coordinating Committee on Multiemployer Plans as its final step in its MPRA agenda. Where MPRA allows trustees of severely-underfunded plans to apply to cut their retirees’ benefits, the composite bill creates incentives for employers paying into relatively well-funded guaranteed pension plans to shift a portion of their contributions to riskier inferior retirement plans for their active workers. The draft composite bill could turn well-funded pension plans into poorly-funded plans while also allowing for cuts to retirees’ and active workers’ benefits in both the old and new plans.
The Center is working with a broad coalition of organizations – including AARP, the International Brotherhood of Teamsters, the Western Conference of Teamsters, the International Brotherhood of Boilermakers, and the United Steelworkers – to oppose the composite bill.
What is going to happen to mccarron,is there anything they could so our pensions are protected and not being funneled out.All hell would break lose.Bad investments over and over cost the council to much money or overhead.