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The infusion will raise the pension fund's status to more than 60% funded, up from 34.3% funded as of 2022, according to Tom Lutz, president of the Michigan Regional Council of Carpenters and ...
In 1993, the carpenters' pension fund made a large investment in a company which held televised boxing matches at a Palm Springs, California, hotel owned by the fund, and a $40 million investment in a company that supplied nearly all the concrete for one of Tutor's construction companies. The value of the latter investment declined by 31 ...
The United Brotherhood of Carpenters and Joiners of America, often simply the United Brotherhood of Carpenters (UBC), [2] was formed in 1881 by Peter J. McGuire and Gustav Luebkert. It has become one of the largest trade unions in the United States , and through chapters, and locals , there is international cooperation that poises the ...
Unions exist to represent the interests of workers, who form the membership. Under US labor law, the National Labor Relations Act 1935 is the primary statute which gives US unions rights. The rights of members are governed by the Labor Management Reporting and Disclosure Act 1959. List Below
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The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
The NCSRCC has an executive board and staff leadership. The executive board is elected by a delegation of members representing the 36 various locals across the six-state council. The Executive Secretary-Treasurer (EST) leads the North Central States Regional Council of Carpenters. The current EST is Patrick M. Nilsen.
At the same time the union's old enemy, the Carpenters union, resumed its jurisdictional war with it. Conditions improved somewhat with the advent of the New Deal and the Roosevelt administration's creation of the Works Progress Administration , a public works project that employed thousands of iron workers and other construction workers.