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Brown Cafe UPS Forum
UPS Union Issues
Contract rumor 2 tier and Grandfathering PTimers
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<blockquote data-quote="Inthegame" data-source="post: 1019620" data-attributes="member: 37112"><p>I think you should also admit to knowing nothing about multi employer pension plans. Trust Funds are "controlled" by equal number of employer and employee (union) trustees. The E-board that you elect selects the employee trustees. You have no control over who the employers put on those boards. If the Teamsters had an opportunity to <em>misuse</em> pension funds it would be with the approval of the trustees, including at least one employer trustee. These trustees also have personal liability for intentional misuse of funds. Do you really think with that on the table there is intentional misuse? Thanks for the offer of the swampland.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1019620, member: 37112"] I think you should also admit to knowing nothing about multi employer pension plans. Trust Funds are "controlled" by equal number of employer and employee (union) trustees. The E-board that you elect selects the employee trustees. You have no control over who the employers put on those boards. If the Teamsters had an opportunity to [I]misuse[/I] pension funds it would be with the approval of the trustees, including at least one employer trustee. These trustees also have personal liability for intentional misuse of funds. Do you really think with that on the table there is intentional misuse? Thanks for the offer of the swampland. [/QUOTE]
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