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<blockquote data-quote="DELACROIX" data-source="post: 4795317" data-attributes="member: 49065">You are somewhat correct on the “Administrative Costs” associated with running a huge pension trust...how those fees are spent I haven’t a clue , I could imagine that there are investment fees paid to whoever is managing these funds.&nbsp; The Union Leadership has no dealings with these&nbsp; pension trusts or Health and Welfare plans, they have neutral actuaries that govern the dealings and they are required by law to act only for the betterment of the participants.&nbsp; Generally they are called “Plan Administrators” or “Board of Trustees”...in the case of UPS.&nbsp; They make the final decisions on each applicant’s request.&nbsp; I believe that the monthly meetings are recorded for liability reasons.Federal law called ERISA also governs all pension and health and welfare plans...got a copy of it back in “94”...way over my head ...written by lawyers to be only read by other lawyers.&nbsp; The general attitude about this law is that it is a royal mess without any real penalties for arbitrary and capricious behavior.&nbsp; The Department of Labor really does not want to prosecute or investigate any possible violations.&nbsp; So a lot of discrimination is being ignored or swept under the rug.</blockquote>

[QUOTE="DELACROIX, post: 4795317, member: 49065"] You are somewhat correct on the “Administrative Costs” associated with running a huge pension trust...how those fees are spent I haven’t a clue , I could imagine that there are investment fees paid to whoever is managing these funds. The Union Leadership has no dealings with these pension trusts or Health and Welfare plans, they have neutral actuaries that govern the dealings and they are required by law to act only for the betterment of the participants. Generally they are called “Plan Administrators” or “Board of Trustees”...in the case of UPS. They make the final decisions on each applicant’s request. I believe that the monthly meetings are recorded for liability reasons. Federal law called ERISA also governs all pension and health and welfare plans...got a copy of it back in “94”...way over my head ...written by lawyers to be only read by other lawyers. The general attitude about this law is that it is a royal mess without any real penalties for arbitrary and capricious behavior. The Department of Labor really does not want to prosecute or investigate any possible violations. So a lot of discrimination is being ignored or swept under the rug. [/QUOTE]

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