Reply – Re: WITHDRAWAL LIABILITY-UNFUNDED/UNDERFUNDED PENSION & H & W OBLIGA...
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Re: WITHDRAWAL LIABILITY-UNFUNDED/UNDERFUNDED PENSION & H & W OBLIGATIONS
— by Ted Ted
excerpt March 3, 2011 post by Richard Dorrough:
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Millions of working Americans are depending at least in part on pension funds provided by their trade unions. But at least 108 of those funds are in danger due to being inadequately funded by the union officials responsible for insuring their financial integrity, according to the federal government.

If you are depending on one of the following at-risk union pension funds, here are two questions you should ask your union's leaders:

http://washingtonexaminer.com/blogs/beltway-confidential/are-you-depending-one-these-108-worst-funded-union-pension-plans-updated-a#ixzz1FZikyzzH

Of the 108 Funds 14 are Carpenters Pension Funds including NYC:

Carpenters Retirement Plan of Western Washington 73.10%.
Chicago District Council of Carpenters Pension Fund 70.10%.
Carpenters Pension Trust Fund of St Louis 68.60%
MA State Carpenters Pension Fund 68.60%.
Carpenters Pension Fund of Philadelphia and Vicinity 66.40%.
Carpenters Pension Fund of Illinois 64.20%.
NJ Carpenters Pension Fund 63.60%.
Carpenters Pension fund of Western Pennsylvania 60.80%
Carpenter Pension Trust for Southern California 60.40%
NY District Council of Carpenters Pension Plan 59.30%.
Wisconsin Carpenters Pension Fund 56.50%
Carpenters Pension Trust Fund for Northern California 53.70%.
Michigan Carpenters Pension Fund 50.20%.
Twin City Carpenters Pension Fund 50.20%.

The article says to ask two very important questions:

If you are depending on one of the following at-risk union pension funds, here are two questions you should ask your union's leaders:

* Why aren't you funding our pension properly?

* What have you funded with our money instead of our pension fund?

Look at the California funds run directly by McCarron and His Brother.60% for the Northern and 53% for the Southern.
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A good majority of the Pension Funds are in dire financial conditions due to this one simple phrase, which UBC District Councils nationwide all use in some form or another within the Benefit Trust Fund language, or directly within the Contract (CBA), NOTED AS FOLLOWS:

pg. 34 Wall & Ceiling contract:

SECTION 8
Wage, wage rates and fringe benefit contributions within the bargaining unit shall be determined and/or reallocated by [the] sic Union at its sole discretion]


This language is inserted into every Contract.

It destroys the promissory value of the Contract, negates The NLRA, LMRA, LMRDA in one fell swoop, negates decades of precedent Supreme Court cases and it provides the Benefit Fund Trustees, Fiduciaries and certain of their "at will, Non-Union Employees" Unilateral Control of you, your Union and your family's rights to the contracted for Pay Raises which belong in each man or woman's paycheck and no where else!

"wage rates and fringe benefit contributions within the bargaining unit"......

"shall"......

be what?

"determined and/or reallocated by [the] sic Union at its sole discretion".
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Your newly Elected DC Officers & Executive Committee members and Council Delegates must strike this language from each and every Contract (CBA), and from each and every Benefit Trust Fund contract and from the Benefit Fund By-Laws, which to date the Council and their attorneys refuse to publish and make available for review to the rank & file member on direct violation of Board precedent of the NLRB.

Two Motions need to be made and filed, along with a written Information Request to the Bargaining Committee:

1)   Motion to strike Section 8 language on its entirety from all Contracts

2)   Motion to publish all Benefit Trust Fund By-Laws and make same available to all members by direct mailing (for those not online) and via e-mail / internet to those who have confirmed their electronic information to the Council.