On 25/04/2011 10:54 AM, I_am_Tosk wrote:
In ,
says...

On 25/04/2011 8:27 AM, BAR wrote:
In articleZ8ydnbWCF5ea5yjQnZ2dnUVZ_sednZ2d@earthlink .com, payer3389
@mypacks.net says...

BAR wrote:


They must have finally learned from the Union bookkeepers. How to raid a
union pension fund and strike fund without going to jail.

Once again, you are betraying your ignorance. *All* union pension fund
officers have to be bonded. If there is a discrepancy in the pension
funds, the bonding company has to make it good. As it does, it gets in
contact with the prosecutors and pushes for criminal prosecution, and it
usually gets its way.

Go tell it to someone who will believe you.

Further, because of the difficulty of being in full compliance with all
the federal laws that pertain to pension funds, most union pension funds
retain professional administrators to handle the money and agree on
pension investments. These administrators are well aware of the many
federal regulations that pertain to pension funds, and they don't want
to go to jail, either.

Again, go tell it to someone who will believe you.

When you think of pension fund raiders, you should think of those
corporations that never bothered to fund their pension liabilities and
leave their retiring employees holding an empty bag. Or the corporations
that go bankrupt and leave their pensioned employees and future
pensioned employees holding an empty bag.

I haven't been covered by a pension plan since 1986. When that one
closed down I used the money I received to start my IRA. Since then I
have been funding my own retirement.

All the union financial corruption in this country since the beginning
of unions here is a drop in the bucket compared to the dollar value of
corporate corruption and Wall Street corruption.

Union corruption is notorious and rampant.

http://nlpc.org/union-corruption-update


Didn't do squat for NorTel, GMers, and others either. All those union
dues for nothing. Just feeds the corruption.

Didn't do anything for Finast either, except bleed them till they sold
to a non-union outfit out of Canada... Didn't do anything for Pratt and
Whitney, or dozens of other CT companies either... On the way to
dismantling the grocery industry here, they made a bunch on the whole
"Sure Fine" sugar company (stop and shop) too...

That is one of the good indicators of a good presidential candidate, fix
the pension corruption by forcing all companies to deposit pension
moneys in your account, in your name and in your control just like your
pay stub...every 2 weeks. None of this find out in 40 years later the
buggers are corrupt. Ditto disability plan funding. Just scamming the
people all over.

But trouble is government does it too with SS.

Probably go a long way to help older workers not get the axe. Many
companies axed older workers to avoid a full pension realization. Sad,
but true --- everyone knows it goes on but just hard to prove inn any
one particular case. o they get away with it.

My first exposure was in may late 20's when I became privy to the plans
of a manufacturing plant. It was designed precisely for a 20 year
operation and would move. In 21 years it did.

That is why few black hole plans like CPP, SS, or company pension plans
will not quote you your specific cashable value in these plans. A fraud
really. Big time industry wide fraud. Thanks for me listening, I
figure it preserved a lot of wealth for me.

Mine was leaving 2 companies, NorTel in 1995 and a US company in
2007...both to get my pensions out of a company on the downturn.

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.