Union Pension Scam? Feds Investigating
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  • thibaud

    A pity that we haven’t adopted the pension governance model of those deep-blue nations, Canada and Holland.

    Also, it’s a bit odd to see zip in the way of commentary from the author about JPM and the other TBTF banks that, unbelievably, have not only not been broken up post-2008 but have gotten even fatter.

    Last time I checked, the combined assets of $BAC, $C and $JPM were about 3 orders of magnitude greater than those of the Boilermakers.

  • Corlyss

    Unions should have as their motto “Crooks and scams R us!”

  • “It isn’t just evil Wall Street bankers who commit financial fraud.”

    Now wait a minute, let’s be fair. Whether I’m a banker or a union boss, it doesn’t require being evil to commit what turns out to be financial fraud. All it takes is a rather – let us say – vehemently enhanced notion of how hard I’ve worked myself up from practically NOTHING, while pretty much everyone around me has been either a scrounging freeloader or a to-the-manner-born parasite. Including the GREAT majority of those working one or more levels below me. Many of whom, it’s true, may give every reasonable appearance of working very hard indeed (“Ah, but not hard ENOUGH! Besides, they’re just drudges anyway – I’M the one doing all the CREATING and INNOVATING!”). At all events, who’s to say one man’s fraud may not be another man’s vision and creativity? And even when it isn’t, am I not doing exactly what most of THEM would be doing if they had even half my brains and twice the guts?

    In the final count, why shouldn’t I be in on the take, considering how much I’ve given?

  • Mike S.

    Jones started out on 3rd base but tries to make it sound like he hit a triple…His father was a long time union officer in the Boilermakers…Nobody from the lower ranks makes it to the top because they know what its like to work hard and flirt with danger to earn the Benefits these guys are squandering…
    Boilermakers leadership has acquiesced to the demands of the Contractors(who’s interests are not those of the workers) and the result has been shorter outages with less workers,working less hours…add in the beating we have been taking on our pension to keep it solvent…changes in multipliers and raising the retirement age…
    Any idiot can do the math…less manhours=less contribution. take into consideration no reduction in pay or bonuses paid to officers and fund managers=lower solvenecy.
    Who pays for that stupidity?…the old man that breathed txoins and broke his back for the contractor and his union “brothers”..,PBGC takes over and we all lose half the benfits we worked for.

  • Dean McNeil

    I love this article. For I am one of the 5 in local 128 who has had his book pulled by the union. Not because I wanted to break a union, but because of the misrepresentation of our union officials. The people that run the union, but get handed a throne. I don’t get to vote for these people that in reality work for me. Unions are suppose to be for the people protection of human rights,safe work environment the health and welfare of the workers and many more. We the worker, are not working for the benefit for them they are working for the rights of us.If they knew how hard it is on a job, instead of thinking of how to get more money from the poor guy,we might stand a chance.We go from job to job away from our families, they just bring theirs to work. We need to be the ones that tell the not them tell us.we are in a democratic society not a communist regime. that is just one of my charges. brothers I could go on and on, but until we stand together like our forefathers, nothing will change.I love my trade and it came from my home country it didn’t start in north america. Did Newton B Jones know that

  • jim
    do you have any other avenues of information that can back up these statments. this star does not have a good reputation for telling facts. ( so i am told )maybe they do?

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