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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.
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 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 ...
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.
Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
How much you can contribute next year to your health savings account (HSA) is increasing by $200 for individuals and $450 for families. The annual inflation-adjusted limit on HSA contributions for ...
After the war, he attended Chicago Technical College from 1945 to 1947. In 1947, he was hired as an organizer by the international Carpenters union. In 1952, he became a staff representative, and began servicing contracts throughout Ohio. In 1960, Konyha was elected president of the Ohio State Council of Carpenters.