Reply – Re: IS IT LEGAL FOR THE UNION TO TAKE AWAY A CARPENTERS PENSION MONEY?
Your Name
Subject
Message
or Cancel
In Reply To
Re: IS IT LEGAL FOR THE UNION TO TAKE AWAY A CARPENTERS PENSION MONEY?
— by Daniel J. Franco Daniel J. Franco
On Thu, Dec 6, 2012 at 6:06 PM, bulldog88 [via A Mobilized Membership Is An Irresistible Force] <[hidden email]> wrote:
Here Is A QUESTION.....Can Anyone Answer?.....(1) JOE CARPENTER Is A Member Of The New York Carpenters Union....JOE Has 4 Pension Credits.....(2) JOE Has Seen Difficult TIMES.....(3) The Estimated VALUE Of 4 Pension Credits Is About $40,000 DOLLARS???....That  Money Was Put Into The Pension Fund On JOES Behalf For Work He Has Done As a UNION CARPENTER......The LAST 5 Years Have BEEN HARD ON JOE......He Has Been On The OUT OF WORK LIST....And Is LUCKY If He Gets a FEW JOBS EVERY YEAR,,,,,,,iN THE Year 2008 Joe Had 280 HOURS OF WORK [0 vesting pension credits.].......IN the Year 2009 JOE HAD 296 Hours Of Work [0 vesting pension credits.]......In The Year 2010 JOE HAD 299 Hours Of Work [0 vesting pension credits.].......In The Year 2011 JOE HAD 255 Hours Of Work [0 vesting credits.].....In The Year 2012 JOE HAD 284 Hours Of Work [0 vesting pension credits.].......THE UNION THEN SENT JOE A LETTER.....Stating That HE WILL LOSE ALL HIS PENSIONS CREDIT FOR (LACK OF WORK) [Read Pension SPD - Permanent Break in Service, pg 24.] .......The CARPENTERS UNION HAS A RULE....That A Carpenter Needs 300 HOURS OF WORK EACH YEAR.........AND AS YOU CAN SEE,JOE HAS UNDER 300 HOURS OF WORK For The Last 5 Years......So The RESULT IS.......(1) JOE WILL NOW LOSE ALL 4 PENSION CREDITS [Joe has 0 vesting pension credits. Curious, how did you calculate 4?]....(2) Those 4 Pension Credits Are Worth About $40,000........(3) THE CARPENTERS UNION WILL KEEP THAT MONEY....AND JOE WILL GET $NOTHING!!!!....(4) IS IT LEGAL FOR THE CARPENTERS UNION TO DO THIS???????....[See Pension SPD, Pension Vesting, p5; ERISA] HOW CAN A CARPENTER LIKE JOE EVER GET ANY PENSION CREDITS IF THE UNION HAS A POLICY LIKE THIS?.....AND BEING ON THE OUT OF WORK LIST MAKES IT ALMOST IMPOSSIBLE BECAUSE SOME MEMBERS ARE ON THE LIST FOR MANY MONTHS AT A TIME.......ALSO~~~>>> WHERE DOES THIS MONEY GO? [It stays in the fund.]........HOW MANY MEMBERS HAVE LOST THEIR PENSION CREDITS? [This would be statistical data that would need to be complied by the Benefit Funds.]......IF THE UNION HAS BEEN ENFORCING THIS POLICY FOR YEARS.....WE COULD BE TALKING ABOUT HUNDREDS OF MILLIONS OF DOLLARS? [Yes.]

If you reply to this email, your message will be added to the discussion below:
http://a-mobilized-membership-is-an-irresistible-force.984137.n3.nabble.com/IS-IT-LEGAL-FOR-THE-UNION-TO-TAKE-AWAY-A-CARPENTERS-PENSION-MONEY-tp4026134.html
To start a new topic under A Mobilized Membership Is An Irresistible Force, email [hidden email]
To unsubscribe from A Mobilized Membership Is An Irresistible Force, click here.
NAML