SURPRISE!!!SOUTHERN STATES MILLWRIGHT COUNCIL DISSOLVED AND IT'S MILLWRIGHT LOCALS BROKEN UP.MILLWRIGHT LOCALS 2411 AND 729 DISSOLVED

"HEY BOYS AND GIRLS.GUESS WHAT DIRTY DOUGS NEXT MOVE WILL BE?"

 STEP (1)ATTACK AND SEIZE BY FORCE(MERGE)THE PENSION AND OTHER FUNDS

STEP (2) DISSOLVE THE COUNCILS AND LOCALS

STEP (3) TAKE AWAY THE POWER AND STEAL THE MEMBERS BANK ACCOUNTS AND FUNDS  

PRICELESS!!!

 

 

HEY KAVIN GRIFFIN.WTF IS A CEO

 

THE LOOTING CONTINUES.HEY BOYS AND GIRLS.GUESS WHAT DIRTY DOUGS NEXT MOVE WILL BE....

 "To consolidate administrative operations"

DEAR MR YOUNGDAHL.YOU ARE A LYING SACK OF SHYTE!YOU ARE ALSO A HIRED HAND.WHY ARE YOU SPEAKING FOR THE FUND??ANYONE??

 

TYPES OF UBC SACKS

 

SOUTHERN CARPENTERS UNION PENSION FUNDS MEASURE MERGERS

 Rob Kozlowski

 Four Southern District carpenters' union pension funds are discussing merging in order to consolidate administrative operations, said Jay Youngdahl, partner at The Youngdahl Law Firm, who represents the pension funds.

He would not identify the pension funds, but said they consist of two defined benefit plans in Louisiana, one in the Houston area and one that covers Oklahoma, Arkansas, northern Texas and parts of other states.

Among the more visible carpenters pension funds in those areas are the Carpenters & Millwrights of Houston & Vicinity Pension Fund (which had $198 million in assets as of Dec. 31, 2021, according to its most recent Form 5500 filing), the New Orleans Carpenters' Pension Plan (which had $109 million) and the Louisiana Carpenters Pension Fund (which had $78 million).

Mr. Youngdahl said the pension funds have been doing due diligence on the merger, a common actuary has shown a number of benefits to merging the plans, and the board of trustees are meeting to vote on approving the merger by the end of August.

Upon a vote, a request for approval of the merger will be sent to the Pension Benefit Guaranty Corp., which has 120 days to approve the merger. He said this means any merger would likely not occur until the end of the year at the earliest.

One merger that occurred earlier this year was the merger of the Northeast Carpenters Funds and the Carpenters Funds of Philadelphia & Vicinity, effective Jan. 1, into the newly created Eastern Atlantic States Carpenters Funds.

Southern District carpenters' pension funds have Southern Benefit Administrators in common as a third-party administrator. Kristin Reeds, a pension administrator there, could not be immediately reached for further information.

 READ IT HERE

 

 "A request for approval of the merger will be sent to the Pension Benefit Guaranty Corp., which has 120 days to approve the merger"

 

I AM SURE THE PGBC HAS COPIES OF ALL THE "OTHER" REQUESTS FOR APPROVALS OF MERGERS FORCED BY THE UBC INTERNATIONAL CRIMINAL SYNDICATE. LET'S FIND OUT...

TAXPAYERS FORCED TO PAY $183 MILLION FOR THE UBC CRIMINAL SYNDICATES LOOTING AND TANKING OF THE SOUTHWEST OHIO PENSION FUND

I GUESS PPP LOAN FRAUD WAS NOT ENOUGH

 

Feds: Carpenters union gets $183M of stimulus to restore cut pensions

Alexander Coolidge

Cincinnati Enquirer

 

The retirement plan covering nearly 5,400 Southwest Ohio union carpenters got a nearly $183 million government bailout on Tuesday, according to an announcement by the federal Pension Benefit Guaranty Corporation.

The money comes from a program aimed at shoring up pension plans, created as part of the broader stimulus package enacted in 2021 in the wake of the COVID-19 outbreak.

The money will benefit members of the Southwest Ohio Regional Council of Carpenters Pension Plan, which in 2019, slashed pension benefits for thousands of members by an average of 18% to remain solvent. PBGC’s approval enables the plan to restore benefits previously suspended and to make payments to retirees to cover prior benefit suspensions, the federally chartered corporation said in a statement. The funding will enable the plan to pay retirement benefits without reduction for many years into the future.

 “Millions of people work for years, looking forward to the day when the promise of a secure, dignified retirement is kept,” said Julie A. Su, the Acting Secretary of Labor, in a statement. “Today, the Biden-Harris administration is delivering on that promise for 5,399 construction workers across Ohio, Kentucky and Indiana by providing Special Financial Assistance to the Southwest Ohio Regional Council of Carpenters Pension Plan so that they can retire with the dignity they deserve.”

 Ohio lawmakers praised the award.

“The American Rescue Plan helped us keep the city going when I was at City Hall, to pay our bills, protect city jobs, and maintain city services,” said U.S. Rep. Greg Landsman. “Now it’s helping restore pension cuts, this time for our carpenters, who have literally helped build our communities. This puts money in their pockets, allows them to pay their bills, and strengthens local economics as these dollars are spent here at home.”

 Today, we are putting money back in the pockets of hard-working Ohioans and keeping our promise to the carpenters in Southwest Ohio, by restoring the retirement security they’ve earned,” said Senator Sherrod Brown.

 

READ IT HERE 

 

"Today, we are putting money back in the pockets of hard-working Ohioans" 

WHO WERE ROBBED BY THEIR OWN UNION ON DIRECT ORDERS FROM DIRTY DOUG MCCARRON AND THE INTERNATIONAL

"enables the plan to restore benefits previously suspended"

 SUSPENDED/ROBBED BY THEIR OWN UNION ON DIRECT ORDERS FROM DIRTY DOUG MCCARRON AND THE INTERNATIONAL

 "created as part of the broader stimulus package"

COMPLETE BULLSHIT.THIS NO PAYBACK GIVEAWAY UNION BAILOUT WAS CREATED BY THE WELL DOCUMENTED CROOKS AT THE TEAMSTERS UNION, THEIR HIRED CRONIES AND TEAMSTER BOUGHT AND PAID FOR POLITICAL HACKS.

 "Now it’s helping restore pension cuts, this time for our carpenters"

 WHO WERE ROBBED BY THEIR OWN UNION ON DIRECT ORDERS FROM DIRTY DOUG MCCARRON AND THE INTERNATIONAL

 

 

 THE UBC SEIZED THE FUND AND OHIO COUNCIL IN A POWER GRAB

This merger was accomplished by a "military style assault" on the OVRCC's offices in Cleveland, Ohio, in which all of the elected officers of the OVRCC were fired, and the IKROCC's officers were put in control

MCCARRONS FREEMONT AVE CANDY ASS GANG
 

THE UBC CREATED A NEW BS VARIABLE PENSION FUND AND TANKED THE EXISTING BENEFIT BENEFIT FUND

In 2011 the Indiana,Kentucky Regional Council listed this Defined Contribution Plan for a retirement plan..EIN 351833932 called the Indiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension Trust Fund .In 2011 it was declared on the 5500 as a new "profit sharing plan" created at the same time as the forced merger of the Ohio and Vicinity Regional Council of Carpenters (OVRCC) with the Indiana/Kentucky Regional Council of Carpenters (IKRCC)ordered by McCarron and Yeggy of the UBC International..

 

OUR UNIONS WROTE AND FINANCED LEGISLATION CALLED THE MULTI EMPLOYER REFORM ACT ALLOWING OUR OWN UNIONS TO ROB RETIREES PENSIONS CHECKS TO COVER FOR THEIR LOOTING AND MISMANAGEMENT OF OUR PENSION FUNDS

THESE ARE THE NCCMP/UNION RATS WHO WROTE THE MULTI EMPLOYER REFORM ACT AND USED IT TO ROB THEIR OWN RETIREES

THE UBC ROBBED OHIO RETIREES PENSION CHECKS

 THE APPLICATION FOR CUTS USING MPRA WAS ORDERED BY UBC PRESIDENT DIRTY DOUG MCCARRON AND AND HIS CRONIES AFTER SEIZING THE OHIO COUNCIL IN YET ANOTHER FORCED MERGER AND POWER GRAB AND TANKING THE OHIO FUND

2013

The Plan again met with Chris Heinz of Grossman Heinz to receive updates (Heinz is and NCCMP RAT)about possible relief pursuant to the report prepared by the National Coordinating Committee for Multiemployer Plans ("NCCMP"). There was some hope that the recommendations could be introduced during the fall of 2013.At each Board of Trustee meeting, the Trustees dedicated significant time towards consideration of benefit suspensions, as well as alternative plan designs such as variable defined benefit plans

https://www.treasury.gov/.../SWORCC_Approval_letter.pdf...

 

THE TAXPAYERS ARE NOW BEING FORCED TO PAY FOR THE CORRUPT AND ILLEGAL ACTS OF THE UNITED BROTHERHOOD OF CARPENTERS CRIMINAL SYNDICATE AND OTHER UNIONS SUCH AS THE WELL DOCUMENTED CORRUPT TEAMSTERS UNION.

 THE TEAMSTER CENTRAL STATES PENSION FUND WILL GET A NO PAYBACK $36 BILLION GIVEAWAY TO COVER FOR THEIR LOOTING OF THE CENTRAL STATES FUND

 

ALL RETIREES WHO WERE ROBBED BY THE UBC AND OTHER UNIONS SHOULD BE MADE WHOLE.THE FEDERAL AGENCIES IN PLACE TO PROTECT ERISA FUNDS AND TO HOLD UNION CRIMINAL SYNDICATES LEGALLY LIABLE REFUSE TO DO THEIR JOB.THESE AGENCIES ARE CONTROLLED BY WASHINGTON POLITICAL HACKS  AND UNION PAYOFFS.THEY NOT ONLY REFUSED TO DO THEIR JOBS BUT IN SOME CASES THEY CONSPIRED WITH UNIONS TO BETRAY FUND PARTICIPANTS

 

 

THE BAILOUT OF UNION PENSION FUNDS SO CROOKS LIKE THE UBC CAN CONTINUE TO LOOT AND MISMANAGE UNION PENSION FUNDS IS NOT THE BURDEN OF THE TAXPAYERS

 

WHY ISN'T THE UBC BEING FORCED TO COVER THE PENSION FUNDS THEY ROBBED AND LOOTED INSTEAD OF THE TAXPAYERS??

 

 

LETS REFRESH THE HISTORY OF THE UBC INTERNATIONAL SCUM BAGS TANKING OF THIS FUND

The Southwest Ohio Regional Council of Carpenters Pension Plan EIN 316127287, was and is a defined benefit plan which in 2011 received contributions from signatory's for members of the Ohio and Vicinity Regional Council of Carpenters.

In 2011 per the following court case Case No. 1:11-cv-677 (S.D. Ohio Feb. 15, 2013)Cloke v. United Bhd. of Carpenters & Joiners of Am. it is declared "Plaintiff makes the following allegations in support of his claims: On August 8, 2011, pursuant to § 6(A) of the UBC General Constitution, UBC General President McCarron dissolved the Ohio and Vicinity Regional Council of Carpenters (OVRCC) and merged it with the Indiana/Kentucky Regional Council of Carpenters (IKRCC), thereby forming the new Indiana/Kentucky/Ohio Regional Council of Carpenters (IKORCC). (Doc. 32, § 1, p. 6). This merger was accomplished by a "military style assault" on the OVRCC's offices in Cleveland, Ohio, in which all of the elected officers of the OVRCC were fired, and the IKRCC's officers were placed in control of the new IKORCC and of delegates appointed from the affected locals to the new IKORCC.

In 2011 the Indiana,Kentucky Regional Council listed this Defined Contribution Plan for a retirement plan..EIN 351833932 called the Indiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension Trust Fund .In 2011 it was declared on the 5500 as a new "profit sharing plan" created at the same time as the forced merger of the Ohio and Vicinity Regional Council of Carpenters (OVRCC) with the Indiana/Kentucky Regional Council of Carpenters (IKRCC)ordered by McCarron and Yeggy of the UBC International..

So WHAT Pension fund were the hours put into from 2011 on. The "defined benefit" Southwest fund or the kiss the employers ass "defined contribution" plan created to benefit not the UBC members but the employers..Did the UBC order the hours of the merged by force Ohio and Vicinity Regional Council of Carpenters into the newly created Indiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension Trust Fund cutting the throats of the Southwest Ohio Pension Fund participants and fund.

The Southwest Plan from 2012 to 2015 has lost over 60 contributing employers while the Indiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension Trust Fund has gained 200 contributing employers.Who ordered this??This action was a premeditated action to tank the Southwest Pension Fund and destroy retirement benefits for the Southwest Fund

participants and UBC members in favor of a COMPOSITE PLAN

These fund Trustees were working to cut these UBC participants benefits and create a composite plan even BEFORE the UNION written legislation to steal from Retirees was passed in Dec 2014. After this fund was dropped from $99 to $50 a credited year and they were salivating over the chance for cuts under MPRA. The UBC International was behind the MPRA legislation and working towards cuts for these retirees.

 

From the MPRA application.

2012:

As the Trustees continued to discuss the impact of lower hours, the Board began to discuss and consider the advantages of hybrid pension plan designs.

2013

The UBC International used Christopher Heinz of Grossman Heinz to lobby for the MPRA legislation written to destroy 50 years of ERISA protection to retirees and allow those who are looting and mismanaging UBC funds to steal from retirees pension checks to cover their destruction of a fund. Funny how Heinz is not listed as a lobbyist on the UBC LM2 but a consultant. What was this independent OHIO fund doing with UBC International Heinz....

2013

In June, the Board of Trustees met with Chris Heinz, who served as a legislative consultant to the United Brotherhood of Carpenters. Mr. Heinz was then seeking legislative relief from the United States Congress to permit pension plans to reduce accrued benefits of participants and retirees in pay status. The Plan authorized Mr. Heinz to use the Plan's funding situation and identity to demonstrate the utility of a legislative fix.

2013

The Plan again met with Chris Heinz of Grossman Heinz to receive updates about possible relief pursuant to the report prepared by the National Coordinating Committee for Multiemployer Plans ("NCCMP"). There was some hope that the recommendations could be introduced during the fall of 2013.At each Board of Trustee meeting, the Trustees dedicated significant time towards consideration of benefit suspensions, as well as alternative plan designs such as variable defined benefit plans

2014

At the end of the year, the Multiemployer Pension Reform Act of 2014 was passed and signed into law.

2015

The Board of Trustees continued to consider the potential impact of the tools provided by MPRA and

waited for additional guidance on benefit suspensions and application procedures. At each Board of

Trustee meeting, the Trustees dedicated significant time towards consideration of benefit suspensions, as

well as alternative plan designs such as variable defined benefit plans and an "Evergreen Plan" design

created by the Plan's actuary. The Evergreen Plan establishes a Section 414(k) account inside a pension

plan, and utilizes the Plan's Evergreen account to receive a transfer of defined contribution account

balance, which is then annuitized and paid to the Participant in the form of a monthly benefit

Each participant would have an Evergreen account equal to contributions made on the member's behalf plus returns and less expenses.

The Board of Trustees scheduled and held a special meeting dedicated solely to the issues to the

consideration of alternative plan designs and possible benefit suspensions.

2016:

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.

 

Now we see how the UBC international tanked a fund using a composite plan scam  and proof an International Union conspired to create and use MPRA to steal from retirees.

Now the taxpayers are being forced pay $183 million for this fraud!!