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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.
It was granted a charter on January 18, 1918. Located in New York City, New York, the jurisdiction of the Local covers the western half of Manhattan, Harlem and the Bronx borough. It has approximately 7500 members. Local Union 608 no longer exists.
This list of largest pension funds in the United States ... New York State Common Retirement: $201,263 $201,263 93.7% 7.0% 4 New York City Retirement: $189,794 ...
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 N.Y.C. District Council of Carpenters maintains jurisdiction over carpentry, dock builder, timber man, millwright, floorcovering, specialty shops and exhibition work in the New York City area. As of 2015 the council oversees 7 member locals: 157, 740, 926, 45, 1556, 2287 and 2790.
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.
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Eventually, when the District Council of Carpenters was coming out of trusteeship, Paschal ran against Big John O'Connor and won in 1984, a position he held until 1991. This effectively forced O'Connor to retire. Paschal held the position of President of the New York City District Council of Carpenters as well as President of Local Union 608.