Thread: Please Tell Me
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Old 05-23-2006, 10:15 PM
Bufbill Bufbill is offline
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Location: North Tonawanda,N.Y.
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Quote:
Originally Posted by stldude44
BB,
Funds like ours are called Multi Employer only because multiple Companies are paying into the same fund. Also, they have an even number of board members as the Union does, so they don't "control" the funds but have a good deal of sway in how the money is distributed. This is not only because there is a legal responsibility to make adjustments for the longevity of the funds, but also because they are the sole contributors.
stldude44,I understand that there are equal numbers on the funds.Waht I cannot understand is Why? This is our money it wws negotiated and agreed to put this money into "our fund" not the companies.Once that money is paid into our fund, it is no longer the companies,it is ours,it is money that we have earned under the tearms of the contract.So tell me why anyone,other than the Teamsters should have any thing to do with our money that we work for.
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