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A struggling union pension fund for more than 22,500 metro Detroit carpenters and millwrights is getting a $635 million federal bailout, saving retirees from big cuts to their pension checks next ...
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 ...
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.
United Brotherhood of Carpenters and Joiners of America (UBCJA) 1881 522,416 Building industry carpenters and millwrights. 2015: UBC: International Longshore and Warehouse Union (ILWU) 1937 424,579 Freight handlers at ports. 2016: ILWU: International Union of Operating Engineers (IUOE) 1896 392,584 Operators of construction equipment ...
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
The Twin City Carpenters District Council was founded in 1915 to build strength for the Union Locals throughout the area. The Millwrights were already a part of the Brotherhood and additional crafts joined later: Pile Drivers in 1937, Floor Coverers in 1940, and the Lathers in 1979.
After a period of time during 2009 - 2010, the International United Brotherhood of Carpenters decided to dissolve the local on December 14, 2010, and merge the members into Local Union 157, which currently covers the East Side of Manhattan. At a future date, another local may be created in Manhattan to take over the jurisdiction of Interior ...