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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 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.
In 1946, Local 28 in New York City negotiated the first local health and welfare plan in the construction industry. In 1950, Local 28 negotiated the first pension plan in the construction industry. [3] In 1966, the union established its first national pension plans (one for construction workers, one for manufacturing workers). [1]
In 1988, LIUNA established the Laborers' Health and Safety Fund of North America, which was a co-venture between labor and management to help improved health and safety for workers. [13] One year later, LIUNA locals in Baltimore and Washington, D.C., followed the example set by New York unions and instituted drug and alcohol rehabilitation ...
“The city cannot afford to continue to pay in excess of $8 million a year in pension obligations,” city manager says. IL should divert state money from East St. Louis to fund police, fire ...
Rev. ed. New York: The New Press, 2004. ISBN 1-56584-886-1; Johnson, Clyde. Organize or Die: Smash Boss Unionism - Build Union Power. Self-published, 1970. Johnson, Clyde. Millmen 550—A History of the Militant Years (1961–1966) of Local 550, United Brotherhood of Carpenters. Self-published, 1990. Kazin, Michael.