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#1
posted to rec.boats
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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. 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. 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. 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. |
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#2
posted to rec.boats
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In article , 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 |
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#3
posted to rec.boats
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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 I didn't say there was "no" union corruption. I said it paled in comparison to corporate corruption. BTW, your cite proves my point: Former Glass Workers President in Florida Sentenced Submitted by Carl Horowitz on Fri, 04/15/2011 - 17:39 Glass Workers (GMP) On February 2, Karl Youngerman, former president of Glass, Molders, Pottery, Plastics & Allied Workers International Union Local 208, was sentenced in U.S. District Court for the Middle District of Florida to five years probation for conspiracy to embezzle funds from the Bradenton union in the amount of $18,218.91. He also was ordered to pay restitution in that amount to Fidelity and Deposit Company of Maryland. Youngerman had pleaded guilty in November. The guilty plea and sentencing follow an investigation by the Labor Department's Office of Labor-Management Standards. --- Fidelity is the bonding company. It went after Youngerman, just as I said the bonding companies do. |
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#4
posted to rec.boats
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On 4/25/2011 10:27 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 This is particularly disturbing. I wonder if Obama will sit down with the members for a beer and a chat? http://nlpc.org/union-corruption-update |
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#5
posted to rec.boats
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On 4/25/2011 11:16 AM, OmDeFlume wrote:
On 4/25/2011 10:27 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 This is particularly disturbing. I wonder if Obama will sit down with the members for a beer and a chat? http://nlpc.org/union-corruption-update I intended for you to see the UAW video. You need to scroll down a bit to view it. |
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#6
posted to rec.boats
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On 25/04/2011 9:20 AM, OmDeFlume wrote:
On 4/25/2011 11:16 AM, OmDeFlume wrote: On 4/25/2011 10:27 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 This is particularly disturbing. I wonder if Obama will sit down with the members for a beer and a chat? http://nlpc.org/union-corruption-update I intended for you to see the UAW video. You need to scroll down a bit to view it. Love that web site. Tells it how it is. Big time corruption. But not all of it belongs to UAW...they were in part used. Saudi bin Laden and big billionaires invest in Carlyle. Even Bush has ties there. Carlyle is a major player in GM and GM pension. See McCain and Palin honest people come in strong, back Obama for the black vote because he is a "friendly" to corrupt influences. So while Bush only gave GM $13B to keep them going, and corrupt congress/senate didn't scream misappropriation... well, Obama bailed them all out. Huge corruption. Same reasons some banks got the bailout and others did not, just depends who the big depositors and owners were. It is why government should never be used to tax and saddle debt on citizens for bailout corruption. BT, GM stock was suffering before Japan, so as the site says, GM's latest excuse. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
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#7
posted to rec.boats
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On 25/04/2011 9:16 AM, OmDeFlume wrote:
On 4/25/2011 10:27 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 This is particularly disturbing. I wonder if Obama will sit down with the members for a beer and a chat? http://nlpc.org/union-corruption-update Probably will. I am sure they contributed to the Obama get elected fund. Bought and paid for. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
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#8
posted to rec.boats
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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. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
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#10
posted to rec.boats
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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. |
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