!!!!!WARNING!!!!! DIRTY DOUGY IS ONCE AGAIN SCREWING UBC RETIREES AND ORDERING UBC PENSION PLANS SWITCHED TO A COMPOSITE PLAN WITH A VARIABLE ANNUITY

                 

  THE VARIABLE ANNUITY MODEL CREATED FOR DIRTY DOUG BY  MILLIMAN MEANS NO MORE GUARANTEED PENSION .INSTEAD IF YOUR FUND TRUSTEES, HAND PICKED BECAUSE THEY ARE MORONS AND SUCK ASS,CONTINUE TO LOSE YOUR PENSION MONEY AND LOOT YOUR FUND BECAUSE WELL ....THEY ARE MORONS.. THEY WILL BE ALLOWED TO AUTOMATICALLY CUT YOUR MONTHLY CHECK WITH NO REVIEW,APPROVALS OR PROTECTIONS FROM THE FEDS.BETTER WAKE UP BOYS AND GIRLS AND STARTING FIGHTING THESE RATS.

IN VIOLATION OF ERISA THE UBC INTERNATIONAL RATS ARE ORDERING FUNDS ACROSS THE COUNTRY TO DUMP DEFINED BENEFIT PLANS AND REPLACE THEM WITH DEFINED CONTRIBUTION PLANS

 

YOUR PENSION CHECK  WILL BE BASED ON THE PERFORMANCE OF THE FUND AND FORCED "CORRECTIVE ACTION"

What’s more, if that plan falls short it will be required to take “corrective action. 

These actions might be as simple as contribution increases or reductions in future accruals, or changes in what are called “adjustable benefits,” such as early retirement subsidies. If harsher actions are needed, these may include reductions in COLAs, reductions in accrued benefits for workers, or, in even worst-case circumstances, reductions in benefits for retirees.

 YOU WILL ALSO LOSE THE PROTECTIONS FROM THE PBGC

 Lastly, such a plan, because it has  a structure for benefit cuts as needed, is not covered under the PBGC program — it neither pays premiums nor receives benefits.

MEANING IF THESE HAND PICKED MORONS LOSE YOUR ENTIRE FUND YOU GET NOTHING.THEY CANNOT EVEN DUMP YOU ON THE PBGC FOR THE SCRAPS THE PBGC WOULD HAVE GIVEN YOU 

 THEY ARE GOING TO FREEZE THE EXISTING DEFINED BENEFIT FUND AND MOVE FORWARD WITH A VARIABLE ANNUITY.THEY ARE ALSO LYING SACKS OF SHYTE WHEN THEY HAVE TOLD THOSE ALREADY RETIRED THIS WILL NOT AFFECT THEM

The GROW Act permits the creation of two plans out of a single, finite pool of assets—leaving neither plan—the existing plan, nor the composite plan—with enough money to pay promised benefits

 

The funding of the existing plan is reduced to 23% of incoming contributions, with 77% going to pay for new  plan benefits

 

 This new BS model incentivizes employers to leave the multiemployer plan system altogether without meeting their obligations to ensure existing pension promises are funded.

READ THE IBEW ACTUARIAL STUDY

HERE 

READ THE WESTERN DISTRICT TEAMSTERS OPPOSITION

HERE

 

 DEAR FEDS

BESIDES THE UBC INTERNATIONAL RATS HAVING NO LEGAL RIGHT TO ORDER INDIVIDUAL FUNDS WITHIN THE UBC TO DO SQUAT HOW HAVE MCCARRON AND HIS CRIMINAL SYNDICATE ALREADY CONVERTED HEALTHY UBC FUNDS TO COMPOSITE PLANS?? MULTIPLE UBC FUNDS HAVE BEEN CONVERTED WITH THE EASTERN ATLANTIC STATES AND THE SOUTHWEST FUNDS RIGHT NOW UNDER ATTACK

 

 

WHEN THE UNIONS DECIDED TO ROB UNION RETIREES TO COVER FOR THEIR LOOTING  AND MISMANAGEMENT OF OUR PENSION FUNDS THEY WROTE  WHAT WOULD BECOME THE MULTI EMPLOYER REFORM ACT AND THE GROW ACT

THEY USED UNION DUES AND BOUGHT AND PAID FOR UNION POLITICAL HACKS TO GET THE MULTI EMPLOYER REFORM ACT INTO LAW WHICH ALLOWED THEM TO CUT UNION RETIREES PENSION CHECKS.THAT IS EXACTLY WHAT THEY DID  

 

 

THE COMPOSITE PLAN BS NOW KNOWN AS THE GROW ACT ALLOWING THESE RATS TO ATTACK HEALTHY PENSION FUNDS HOWEVER HAS NOT BECOME LAW.

 

AND FOR THE RECORD BOYS AND GIRLS THE  UNION/UBC POLITICAL PUPPET WHO HAS PUT HIS NAME ON THE GROW ACT ALLOWING THE UNION CRIMINAL SYNDICATES TO ATTACK HEALTHY UNION PENSION FUNDS IS NONE OTHER THAN SPENCERS PAL AND JERSEY RAT DONNY "DOOLITTLE" NORCROSS

 

I GUESS IT WAS WORTH ALL THAT MONEY THE UBC RATS SPENT PUTTING HIM IN OFFICE TO REPLACE ANOTHER SPENCER PAL AND CROOKED POLITICAL HACK ROBERT ANDREWS

 

SO ONCE AGAIN EBSA.HOW HAVE MCCARRON AND HIS UBC CRIMINAL SYNDICATE ALREADY CONVERTED HEALTHY UBC FUNDS TO COMPOSITE PLANS

 

 

MONEY TAKEN FROM YOUR WAGE TO PUT INTO A UNION PENSION INSTEAD OF GOING IN YOUR POCKET EACH WEEK IS CALLED DEFERRED INCOME.WITH A DEFINED BENEFIT FUND IN RETURN  FOR THAT DEDUCTION FROM YOUR CHECK YOU WERE GUARANTEED AT LEAST SOMETHING.

 

FROM A UNION PENSION FUND NOT MISMANAGED AND LOOTED BY UNION CROOKS LIKE MCCARRON YOU COULD LOOK FORWARD TO A MONTHLY RETIREMENT CHECK ALLEGEDLY FOR LIFE.

 

FROM A PENSION FUND THAT HAS BEEN LOOTED AND MISMANAGED BY CROOKS LIKE MCCARRON AND DUMPED ON THE PBGC OR VICTIMIZED BY THE UNION WRITTEN MULTI EMPLOYER REFORM ACT YOU WOULD GET AT LEAST SOMETHING FOR THE WEEKLY WAGES RIPPED OFF FROM YOUR PAY PACKAGE

 

SO WHAT ARE YOU FACING NOW??THESE RATS ARE GOING TO TAKE AN AMOUNT OF YOUR HOURLY WAGE AND YOU ARE GUARANTEED NOTHING.IF THESE HAND PICKED MORONS WHO HAVE A PROVEN TRACK RECORD OF LOOTING AND MISMANAGING OUR PENSIONS CONTINUE TO DO SO YOU GUARANTEED NOTHING

 

MCCARRON ORDERED THIS BS FORCED ON THE UBC MEMBERS OF THE PACIFIC NORTHWEST COUNCIL PENSION FUND

 

ASK THEM WHAT THEY THINK OF THIS NEW BS VARIABLE ANNUITY

 

ASK THEM IF THEY WERE TOLD THE SAME LIES EASTERN ATLANTIC STATES COUNCIL EST WILLIAM "ARSE FACE SPROULE AND SOUTHWEST COUNCIL EST DANNY "SUCK PUMP" LANGFORD ARE NOW TELLING UBC MEMBERS REGARDING HOW GREAT THE VARIABLE ANNUITY IS

 

ASK THEM HOW MUCH OF THEIR SCHEDULED RAISES THESE RATS HAVE TAKEN TO PUT INTO THE NEW FUND 

 

ASK THEM HOW MUCH THEY ARE TRYING TO TAKE NOW AS THEY NEGOTIATE A NEW CONTRACT AS WE SPEAK.

 

ASK THEM WHY DOUGY SUCK ASS EST EVELYN SHAPRIO IS TRYING TO  PUT LANGUAGE IN THE NEW CONTRACT ALLOWING THEM TO TAKE UP TO 50% OF FUTURE WAGES TO PUT WHEREVER THEY FEEL LIKE IT.TAKEN WITH NO NOTICE TO OR A VOTE OF THE MEMBERSHIP

  WHEN WILL THE ALARM GO OFF AND YOU WAKE THE HELL UP AND STOP MCCARRON AND HIS CROOKS FROM ROBBING YOUR PAYCHECKS,YOUR PENSIONS,YOUR DEMOCRACY AND YOUR DIGNITY

 THE WHOLE WORLD WANTS TO KNOW.WHY DO UBC MEMBERS LET A HANDFUL OF PUNKS LIKE MCCARRON AND SPENCER SCREW THEM SO BAD AND DO NOTHING.OK.NOT THE WHOLE WORLD... BUT EDNA

 

USING FOR SALE TO THE HIGHEST BIDDER POLITICAL HACKS LIKE SHERROD BROWN AND RICHARD NEAL UNION CRIMINAL SYNDICATES HAVE NOW FORCED THE TAXPAYERS TO GIVE  UNIONS BILLIONS IN A NO PAY BACK UNION BAILOUT AND GIVE AWAY. NOW THEY CAN CONTINUE TO LOOT AND MISMANAGE OUR FUNDS. NOW THEY CAN CONTINUE TO TAKE MILLION DOLLAR SALARIES AND FINANCE LAS VEGAS LOVE NESTS

 

THIS WAS NOT A RESCUE OF RETIREES. THIS WAS SO THE UNION CRIMINAL SYNDICATES DID NOT HAVE TO TELL THEIR RETIREES AND POTENTIAL MEMBERS THEY CUT THE PENSION CHECKS OF MILLIONS OF UNION RETIREES USING LEGISLATION THEY WROTE

 

 

 SEE THE LIST OF 48 UNION FUNDS THAT UNION CRIMINAL SYNDICATES APPLIED TO CUT OR DID CUT UNION RETIREES PENSION CHECKS TO COVER FOR THEIR LOOTING AND MISMANAGEMENT

 

HERE 

 

NOW THEY ARE TRYING TO RECOVER MARKET SHARE WITH LIES AND EXTORTION LIKE THE PRO ACT.DO YOU THINK THESE RATS WILL INFORM WORKERS IN THEIR ORGANIZING CAMPAIGNS THAT WILL BE TAKING A HUGE CHUNK OF THEIR WAGE PACKAGE FOR A PENSION THEY CANNOT GUARANTEE.DO YOU THINK THEY INFORM THEM THAT IF THEY CONTINUE TO LOOT AND MISMANAGE THE FUNDS THESE POTENTIAL MEMBERS WILL POSSIBLY GET? !!!!NOTHING!!!!  

IF THEY DO NOT INFORM THEM IS IT NOT FRAUD.

 

NOT TO WORRY THE UNION SELL OUTS AT THE NLRB WILL PROTECT THEM.

 

 

OK MAYBE NOT BUT THE NEW SECRETARY OF LABOR MARTY "McFLY" WALSH

DON'T HOLD YOUR HAND ON YOUR ASS

 THE REALITY IS IF YOU DON'T ACT FOR YOURSELF AND EACH OTHER YOU GET ASS CRAMPS WHILE DOUGY AND FRANKIE GO TO MONTH LONG UNION MEETINGS IN HAWAII