DSIABLED UBC RETIREES BEAT MICHIGAN COUNCIL DIRTBAGS

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DSIABLED UBC RETIREES BEAT MICHIGAN COUNCIL DIRTBAGS

RichardDorrough
YOU DID WHAT TO UBC MEMBERS??
  As a pension lawyer for over 20 years, I cannot think of another case where the plaintiffs were more deserving and needing of their retirement benefits. At the time of settlement, some had lost their homes, cars, or other valuables because they were unable to stay current on their financial obligations after the drastic cuts to their DRB. Others told me they were sleeping on their friends’ sofas or children’s basements, or had made similar drastic lifestyle downgrades just to get by. And one class member told me he had moved into a tent! I get tears in my eyes when I think about it. Given all of this, the settlement is especially meaningful, as it will enable our disabled class members to return to a life without such severe financial stress..........
The cuts caused severe financial hardship to our disabled class members, Defendants (Carpenters Pension Trust Fund - Detroit & Vicinity Pension Plan)fought us tooth and nail for over three years–indeed, even after the federal district court twice ruled that the cuts were illegal. It was only while the case was pending in the Sixth Circuit Court of Appeals that Defendants agreed to settle the dispute, perhaps because they realized their odds of prevailing in the appellate court were slim to nil.


APPLAUSE BROTHERS DON LEE AND THOMAS UNDERWOODS DISPLAY OF REAL BROTHERHOOD.

https://www.facebook.com/PensionJustice4You/…......................................

 "Lastly, I would be remiss if I did not mention that our class members were absolutely the best clients a pension lawyer could hope for–always thankful and appreciative of our efforts and unbelievably patient with the litigation process. We were also fortunate to have great class representatives–Tom Underwood and Don Lee–who assisted with the litigation in more ways than I can count"..... As a pension lawyer for over 20 years, I cannot think of another case where the plaintiffs were more deserving and needing of their retirement benefits. At the time of settlement, some had lost their homes, cars, or other valuables because they were unable to stay current on their financial obligations after the drastic cuts to their DRB. Others told me they were sleeping on their friends’ sofas or children’s basements, or had made similar drastic lifestyle downgrades just to get by. And one class member told me he had moved into a tent! I get tears in my eyes when I think about it. Given all of this, the settlement is especially meaningful, as it will enable our disabled class members to return to a life without such severe financial stress.......... ..........Notwithstanding the foregoing, or that the cuts caused severe financial hardship to our disabled class members, Defendants (Carpenters Pension Trust Fund - Detroit & Vicinity Pension Plan)fought us tooth and nail for over three years–indeed, even after the federal district court twice ruled that the cuts were illegal. It was only while the case was pending in the Sixth Circuit Court of Appeals that Defendants agreed to settle the dispute, perhaps because they realized their odds of prevailing in the appellate court were slim to nil. In general, the settlement restores back and future DRB benefits at 95% of the original benefit level until age 62 when the benefit increases to 100% of the full unreduced pension--an excellent result by any standard or measure.

BUT HERE’S THE BEST NEWS. Last week, the Plan distributed over $15 million in back DRB benefits owed! The class members will also receive (in today’s dollars) over $24 million in future benefits. Thus, the class members will receive a total of over $39 million in additional benefits as a result of the litigation. https://www.facebook.com/ubcretireescrisis
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