Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Contract deal soon?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="JonFrum" data-source="post: 197856"><p><strong>Who specifically is to blame for the CS debacle?</strong></p><p></p><p></p><p></p><p>Aren't we now aware that Hoffa was told at the time that Central States was in trouble and that the contribution rate he was negotiating would not be enough?</p><p></p><p>Aren't both Central States funds run by a federal judge under seperate Consent Decrees?</p><p></p><p>Aren't Central States' assets invested by "named fiduciaries" who are major Wall Street investment companies? Not "good old joe down the street?"</p><p></p><p>Aren't half the trustees employer trustees?</p><p></p><p>Aren't all the trustees mostly just figureheads, with the real power resting with Judge Moran and the investment companies?</p><p></p><p>Aren't the funds seperate legal entities from the Teamsters Union?</p><p></p><p>Aren't the Teamsters limited to just negotiating the hourly contribution rate, and appointing the Union Trustees? </p><p></p><p>Aren't market losses something that happens to us all from time to time? Especially during a major market downturn? [Even though my 401(k) made money as well during the 2000-2002 market drop.]</p></blockquote><p></p>
[QUOTE="JonFrum, post: 197856"] [b]Who specifically is to blame for the CS debacle?[/b] Aren't we now aware that Hoffa was told at the time that Central States was in trouble and that the contribution rate he was negotiating would not be enough? Aren't both Central States funds run by a federal judge under seperate Consent Decrees? Aren't Central States' assets invested by "named fiduciaries" who are major Wall Street investment companies? Not "good old joe down the street?" Aren't half the trustees employer trustees? Aren't all the trustees mostly just figureheads, with the real power resting with Judge Moran and the investment companies? Aren't the funds seperate legal entities from the Teamsters Union? Aren't the Teamsters limited to just negotiating the hourly contribution rate, and appointing the Union Trustees? Aren't market losses something that happens to us all from time to time? Especially during a major market downturn? [Even though my 401(k) made money as well during the 2000-2002 market drop.] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Contract deal soon?
Top