Freightmaster1
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The Wall Street Pension Scam | Dean Baker
"There seems a simple and obvious solution to this problem: transparency. Every contract for managing pension fund money should be posted on the web and show in plain language the exact fee structure. That way anyone in the country can examine it and assess whether a particular government is overpaying."
Although this article is about public employees pension funds, the same holds true for private pension funds like Central States. How much "transparency" is there in that pension fund? It's time for the Hoffa administration to ask for a full audit and accounting from Central States execs and trustees before they make any moves to cut our pension benefits!
"There seems a simple and obvious solution to this problem: transparency. Every contract for managing pension fund money should be posted on the web and show in plain language the exact fee structure. That way anyone in the country can examine it and assess whether a particular government is overpaying."
Although this article is about public employees pension funds, the same holds true for private pension funds like Central States. How much "transparency" is there in that pension fund? It's time for the Hoffa administration to ask for a full audit and accounting from Central States execs and trustees before they make any moves to cut our pension benefits!