• I changed my mind on the clean sweep ... Forget about the other forum it will only be a test forum for me to use. Sue Me

Averting the Multiemployer Pension Solvency Crisis

Freightmaster1

Well-Known Member
https://economics21.org/multiemployer-pension-blahous

In sum, the multiemployer pension system faces a crisis threatening millions of workers’ benefits, a crisis brought about by inaccurate valuation methods and lax funding practices. A solution to the pension problem will only last if it is built upon principles of measurement accuracy, transparency, damage control, and fairness. This means, first and foremost, requiring that employers and labor representatives only promise benefits that they are prepared to fully fund.

:hissyfit:
 

Bubba Gump

Well-Known Member
https://economics21.org/multiemployer-pension-blahous

In sum, the multiemployer pension system faces a crisis threatening millions of workers’ benefits, a crisis brought about by inaccurate valuation methods and lax funding practices. A solution to the pension problem will only last if it is built upon principles of measurement accuracy, transparency, damage control, and fairness. This means, first and foremost, requiring that employers and labor representatives only promise benefits that they are prepared to fully fund.

:hissyfit:
The pension select committee vote is due in November. In just a nick of time Freightmaster jumps on the "it's math stupid" band wagon. Welcome aboard Freight. Freightmaster you might want to have K.K. delete all of those silly post about, forensic audits, consent decrees and being ripped off by the wall street bankers.

Also Freight, you forgot to post, Western PA Teamsters filed a MPRA application. with 805,469,707 and Upstate NY. Further evidence of the "it's math stupid".
 

Bubba Gump

Well-Known Member
Well freightmaster1, Sherrod won, are we going to see a pension bill? Or is he going to string us along till 2020, when he runs for president.
 

DCM_Doc

Well-Known Member
I haven't taken the time to look at how the election results may affect pension reform but I think the change in the house might be a factor.
 

jimmy g

Kook
Premium
I haven't taken the time to look at how the election results may affect pension reform but I think the change in the house might be a factor.
The Committee closes Nov 30. The new House comes in next January. Not saying they wont try something, but I don6t see it this year. And next year, Congress faces GridLock on Everything.
 

Freightmaster1

Well-Known Member
https://www.gazettenet.com/Richard-Neal-on-midterm-elections-21392552



OK! HOW ABOUT PELOSI AND NEAL TELLING MCCONNELL THAT THEY'LL BACK OFF DEMANDING TRUMP'S TAX RETURNS IN EXCHANGE FOR PASSING THE BUTCH LEWIS ACT?



LET'S MAKE A DEAL?!







Hey Freightmaster1! You may be on to something there!



:bgroovy:
 

dokman

Well-Known Member
OMG do you really think the Dems give a rats a........ about the Teamsters. They are more interested in opposing every thing President Trump does, and want millions of new voters in there hip pocket ( immigrants). Like the big boys say! FOLLOW THE MONEY BOYS!
They have nothing to gain by helping couple hundred thousand Teamsters, but help couple million illegals and it puts them in power to reap MILLIONS in kick backs and lobbyists money. It is all about power and money, not working class people, that is what Dems want.
Look at what Kamila Harris wants guaranteed basic income for people from government. Let’s see that would be............. oh yes buying VOTES.
 

buffalobill

I live Here
Premium
cspf takes out every employer still in it when it goes broke. the union needs to start bargaining these pension contributions into 401ks, so current members see a benefit to paying union dues.
 

nassauotb

Active Member
Well freightmaster1, Sherrod won, are we going to see a pension bill? Or is he going to string us along till 2020, when he runs for president.


join the kevin mccaffrey oyster bay gang
Oyster Bay ex-town attorney: lawsuit is 'act of retribution' for testifying
Leonard Genova, in court documents, says his testimony in a federal corruption trial is what led the town to file a lawsuit against him seeking more than $840,000.


Town of Oyster Bay Attorney Leonard Genova during an Oyster Bay Town Board on May 24, 2016. Photo Credit: Newsday/Alejandra Villa

By Ted Phillipsted.phillips@newsday.com @tedephillips Updated November 8, 2018 6:17 PM
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Oyster Bay’s lawsuit against former Town Attorney Leonard Genova was an act of retribution for testifying in a federal corruption trial, Genova’s attorney said in a court filing Wednesday.

The town’s lawsuit, filed in August in State Supreme Court in Mineola, was “intended to … defame Genova for testifying against the town’s former supervisor, John Venditto and [former] Nassau County Executive Ed Mangano,” Genova’s Manhattan-based attorney Nicholas Gravante Jr. said in the court filing. The document also alleged that the town lawsuit was meant to “intimidate into silence anyone who is contemplating testifying” in the retrial of Mangano in January.

The town is seeking more than $840,000 — more than six years of Genova's salary plus damages — for alleged negligence and malpractice in what the lawsuit said was his failure to prevent and detect a multimillion loan guarantee scheme involving former town concessionaire Harendra Singh. The loan arrangement was at the heart of a federal corruption trial brought against Venditto, Mangano and his wife, Linda. Venditto was acquitted on all charges and the Manganos are to be retried after a mistrial. Linda Mangano was not charged in connection with the alleged loan guarantee scheme.
 

nassauotb

Active Member
cspf takes out every employer still in it when it goes broke. the union needs to start bargaining these pension contributions into 401ks, so current members see a benefit to paying union dues.

start with nassau otb and kevin mccaffrey and dude kick laura campione
who say it is simply protection money. note nassau county republican chair is the president of nassau otb. nassau otb has bern funfing the bust local 707 treasury and hoffa fixes the elections when kevin loses.
trustee kevin mccaffrey needs to put all books and deals of the 707 pendion fund on the table for all to determine what he did and didn't do.
referrals to prosecuting authorities may be in order after they have had the opportunity to review the records
 

Bubba Gump

Well-Known Member
start with nassau otb and kevin mccaffrey and dude kick laura campione
who say it is simply protection money. note nassau county republican chair is the president of nassau otb. nassau otb has bern funfing the bust local 707 treasury and hoffa fixes the elections when kevin loses.
trustee kevin mccaffrey needs to put all books and deals of the 707 pendion fund on the table for all to determine what he did and didn't do.
referrals to prosecuting authorities may be in order after they have had the opportunity to review the records
OFF TRACK, I do appreciate your zeal. That being said, your post belong on the POLITICS forum, have a nice day.
 
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