"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
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...
