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The first ULLICO scandal occurred in 2002. In June 1998, the New York City local of the carpenters union hired Zenith Administrators, a ULLICO subsidiary, to oversee the union's $1.7 billion pension and benefit funds. In 2002, federal prosecutors and DOL investigated the company for allegedly obtaining the contract through McCarron's influence.
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 ...
This list of largest pension funds in the United States involves two main groups: ... Ohio Public Employees Retirement System: $97,713 $96,304 80.2% 7.5% 12
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 ...
Dean and Patty Dennis worked in Ohio schools for 30 years, paying into a state pension plan. Then the pension stopped giving them cost-of-living increases.
Some members of the State Teachers Retirement System of Ohio really want to know which pension fund employees wrote an anonymous 14-page memo and then dropped it off to the governor.
In 1960, Konyha was elected president of the Ohio State Council of Carpenters. In 1962, he was elected president of the Ohio AFL-CIO. He resigned both positions in 1970 when he was elected a vice president of the international Carpenters union representing District 3. He was elected second vice president in 1972, and first vice president in 1973.
COLUMBUS, Ohio (WCMH) — The Ohio Police and Fire Pension Fund is headed toward a financial crisis, but Ohio’s municipal leaders said they can’t afford the bailout. There was a proposal at ...