To Riceweevel:
The ibt pension plans are made up of trustees who make the decisions on the direction of each pension plan. Half are appointed ibt officers and the other half are from the vesting employers.
I think "facts" may not matter to this ibt organizer.
No, AMFA LIES ARE ALL THAT MATTERS ON THIS FORUM.
The Central States Pension Fund is Regulated by Federal Laws and not "RULED BY THE IBT" as people are implying on this thread.
It is a joint IBT represented employee/employer fund.
STATEMENT OF YOUR RIGHTS UNDER ERISA
As a Participant in the Plan, you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Plan Participants shall be entitled to the following:
- Examine, without charge, at the Plan Administrator's office and at other locations (worksites and union halls) all Plan Documents, including insurance contracts and copies of all documents filed by the Plan with the U. S. Department of Labor, such as annual reports and Plan descriptions. For information on obtaining or examining your Collective Bargaining Agreement, contact your Local Union or the Fund.
- Obtain copies of all Plan Documents and other Plan information upon written request to the Plan Administrator. The Administrator may make a reasonable charge for the copies.
- Receive a summary of the Plan's Annual Financial Report. The Plan Administrator is required by law to furnish each Participant with a copy of this summary financial report.
- File suit in a federal court if any materials requested are not received within 30 days of your request (unless the materials were not sent because of matters beyond the control of the Administrator). The court may require the Plan Administrator to pay up to $100 for each day's delay until the materials are received.
If this is true then how come its in the RED
You provide me evidence of a DEFINED BENEFIT PENSION PLAN that currently has more assets than liabilities.[without a FED GOV Bailout]
In fact the AA Defined Benefit Plan is about 16 billion dollars UNDERFUNDED.
No, AMFA LIES ARE ALL THAT MATTERS ON THIS FORUM.
The Central States Pension Fund is Regulated by Federal Laws and not "RULED BY THE IBT" as people are implying on this thread.
It is a joint IBT represented employee/employer fund.
STATEMENT OF YOUR RIGHTS UNDER ERISA
As a Participant in the Plan, you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Plan Participants shall be entitled to the following:
- Examine, without charge, at the Plan Administrator's office and at other locations (worksites and union halls) all Plan Documents, including insurance contracts and copies of all documents filed by the Plan with the U. S. Department of Labor, such as annual reports and Plan descriptions. For information on obtaining or examining your Collective Bargaining Agreement, contact your Local Union or the Fund.
- Obtain copies of all Plan Documents and other Plan information upon written request to the Plan Administrator. The Administrator may make a reasonable charge for the copies.
- Receive a summary of the Plan's Annual Financial Report. The Plan Administrator is required by law to furnish each Participant with a copy of this summary financial report.
- File suit in a federal court if any materials requested are not received within 30 days of your request (unless the materials were not sent because of matters beyond the control of the Administrator). The court may require the Plan Administrator to pay up to $100 for each day's delay until the materials are received.
More trouble for Central States....this just a few months ago.
http://tdu.org/news/...sion-fund-again
More trouble for Central States....this just a few months ago.
http://tdu.org/news/...sion-fund-again