WAKE UP BOYS AND GIRLS BEFORE THE ICE CREAM CRAPPER AND HIS RATS DESTROY YOUR FUND AS WELL
"Evergreen" plan or the "Composite Plan"
DEAR DOUGY AND THE NCCMP RATS. STICK THE COMPOSITE PLANS IN YOUR ASS
Composite plan: A name for a new kind of plan for work performed in the future.
(1)Increased risk.
(1)Increased risk.
(2)Trustees are allowed to reduce benefits if
investment performance is lower than expected or if people live longer
than expected.
(3)Uncertain benefits.
Benefits are stated as
lifetime monthly payments.
However, there is no promise that the stated
benefits will actually be paid.
(4)No insurance protection.
Benefits would not be insured by the Pension Benefit Guaranty
Corporation.
(5)If the plan fails, retirees would not receive a guaranteed
benefit.
(6)NO ERISA PROTECTIONS
TANKED OHIO UBC FUND
The Board of Trustees continued to review possible benefit suspensions. In addition, the Plan's actuary provided information and guidance on the possibility of
an alternative plan design such as the "Evergreen" plan or the "Composite Plan" rumored to be a possible
newly available option.
an alternative plan design such as the "Evergreen" plan or the "Composite Plan" rumored to be a possible
newly available option.
SORRY JOHNNY JERK OFF KLINE DID NOT BACK DOOR COMPOSITE LEGISLATION IN DECEMBER 2016 AS HE DID WITH MPRA IN DECEMBER 2014.WHEN HE AND HIS NCCMP UNION RATS ATTEMPTED YET ANOTHER FRAUD IN 2016 THIS TIME RETIREES AND POLITICIANS WERE WAITING
MORE TO COME
7 comments:
JOHNNY JERK OFF IS NONE OTHER THAN JOHN DECARLO , DIRTY DOUG'S BUTT PLUG
This is only going to get worse until we force the politicians and the government agencies to do their jobs. I talked to a retired member and he doesn't think his pension can be reduced because his council representative told them that couldn't happen. The members need to get educated and get mad enough to fight for their union if it can be saved.
30 years at $100 a year = $ 3,000 - taxes - healthcare = your going to continue to work and DIRY DOUG WILL STILL GET HIS MONEY.
Everyone wants to remember what they did in upstate New York. Thier pension went bust so they took the members annuity money and put it in the pension. They told us it was legal and Government said it was set up so they could do it. If you can get your annuity money role it over to a safe place which certainly isn't anything to do with Carpenters Union. I know one member they took $60000 out of his annuity and told him it was put in his pension. The funds office makes money on your annuity every year. Don't listen to thier crap get your money and manage it yourself.
DIRTY DOUG WILL DO ANYTHING To STEAL MEMBERS MONEY TO HIDE HIS MISMANAGEMENT OF FUNDS.
You will never see your Pension people.
Get wise and stop putting money towards it.
Invest your own money and stop supporting these PIGS who are gonna STEAL it from you. I'm gonna guess that most of our members couldn't spell Fiduciary Duty on their best day.
Oh, and Annuities are the biggest bullshit sucker scam going. You are paying someone to put your money in the bank because they earn less than bank interest. But here's the kicker, its worse than a bank because you can't get to it in an emergency and if you do you pay about 30% taxes.So when they tell you it's not taxed on your check, wise up.
Annuities are considered to be about the worst investments by anyone with a modicum of financial knowledge.
All I can say is this Mccarron Brothers Tragedy Probably would not have happened, had Doug's Chief of staff Monte Byers not died, he would not have let Doug go down this destructive road. I have known these brothers longer than most and this is a very sad story, I only hope the best for both brothers
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