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Union Politics - 804 members coming soon agitator 2
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<blockquote data-quote="AcesUp804" data-source="post: 1003614" data-attributes="member: 7626"><p>[h=1]Saving Our Health Fund[/h]</p><p>[h=2]In the Black After Years of Mismanagement[/h]<a href="http://teamsterslocal804.org/sites/teamsterslocal804.org/files/healthfundchart-winter2012.jpg" target="_blank"><img src="http://teamsterslocal804.org/sites/teamsterslocal804.org/files/imagecache/original/images/healthfundchart-winter2012_3.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p>Decisive action by Local 804 is rebuilding your union Health Fund and protecting your benefits—after years of mismanagement.</p><p>As recently as 2003, our Health Fund had $34.3 million in reserves. The company and former union trustees inherited this strong fund and ran it into the ground.</p><p></p><p>They recklessly spent down the fund’s reserves. Even worse, they <u>reduced</u> benefit contributions to the Health Fund, secretly diverting millions from the Health Fund into the Pension Fund. On their watch, the Health Fund lost more than $25 million.</p><p>The Health Fund is administered by a team of trustees, half named by the company and half named by the union. When members elected new union officers, Local 804 appointed new Union Trustees to the Fund.</p><p></p><p>But by that time the damage had been done. Actuaries reported that in 2011 the Fund would be more than $4.8 million in the red. By May of this year, the Fund was projected to be more than $13 million in the red.</p><p></p><p><strong>Former Local 804 Officials Played Politics</strong></p><p>Instead of leveling with the members, former Local 804 officials ignored the growing crisis. Then they played politics.</p><p>They cut a deal with company trustees to eliminate 25 & Out retiree healthcare at any age. But they put off signing the agreement because they did not want to face the music until after the Local 804 election.</p><p></p><p>The secret plans to slash benefits were hidden from the membership. Your new 804 leadership team learned about them through Fund meetings and discussions with legal counsel.</p><p></p><p><span style="font-size: 15px"><strong>AGAIN OUR OLD BOARD HAD NO CLUE WHAT THEY WERE DOING..........</strong></span></p><p><span style="font-size: 15px"><strong></strong></span></p><p><span style="font-size: 15px"><strong>SAY NO TO TONY D, BILL B, ANGELO G and JOHN N.</strong></span></p><p><span style="font-size: 15px"><strong></strong></span></p><p><span style="font-size: 15px"><strong>THIS IS WHY OUR MEMBERSHIP KICKED THEM OUT OF OFFICE IN THE FIRST PLACE......</strong></span></p><p><span style="font-size: 15px"><strong></strong></span></p><p><span style="font-size: 15px"><strong>DON'T BE FOOLED.........</strong></span></p></blockquote><p></p>
[QUOTE="AcesUp804, post: 1003614, member: 7626"] [h=1]Saving Our Health Fund[/h] [h=2]In the Black After Years of Mismanagement[/h][URL="http://teamsterslocal804.org/sites/teamsterslocal804.org/files/healthfundchart-winter2012.jpg"][IMG]http://teamsterslocal804.org/sites/teamsterslocal804.org/files/imagecache/original/images/healthfundchart-winter2012_3.jpg[/IMG][/URL] Decisive action by Local 804 is rebuilding your union Health Fund and protecting your benefits—after years of mismanagement. As recently as 2003, our Health Fund had $34.3 million in reserves. The company and former union trustees inherited this strong fund and ran it into the ground. They recklessly spent down the fund’s reserves. Even worse, they [U]reduced[/U] benefit contributions to the Health Fund, secretly diverting millions from the Health Fund into the Pension Fund. On their watch, the Health Fund lost more than $25 million. The Health Fund is administered by a team of trustees, half named by the company and half named by the union. When members elected new union officers, Local 804 appointed new Union Trustees to the Fund. But by that time the damage had been done. Actuaries reported that in 2011 the Fund would be more than $4.8 million in the red. By May of this year, the Fund was projected to be more than $13 million in the red. [B]Former Local 804 Officials Played Politics[/B] Instead of leveling with the members, former Local 804 officials ignored the growing crisis. Then they played politics. They cut a deal with company trustees to eliminate 25 & Out retiree healthcare at any age. But they put off signing the agreement because they did not want to face the music until after the Local 804 election. The secret plans to slash benefits were hidden from the membership. Your new 804 leadership team learned about them through Fund meetings and discussions with legal counsel. [SIZE=4][B]AGAIN OUR OLD BOARD HAD NO CLUE WHAT THEY WERE DOING.......... SAY NO TO TONY D, BILL B, ANGELO G and JOHN N. THIS IS WHY OUR MEMBERSHIP KICKED THEM OUT OF OFFICE IN THE FIRST PLACE...... DON'T BE FOOLED.........[/B][/SIZE] [/QUOTE]
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