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This list of largest pension funds in the United States involves two main groups: ... STRS Ohio: $76,458 $75,148 69.6% 7.8% 16 Michigan Retirement: $75,550 $67,496
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 ...
COLUMBUS, Ohio (WCMH) — The Ohio Police and Fire Pension Fund is headed toward a financial crisis, but Ohio’s municipal leaders said they can’t afford the bailout. There was a proposal at ...
The Cleveland crime family, also known as the Scalish crime family or the Cleveland Mafia, is an Italian-American Mafia crime family based in Cleveland, Ohio, and throughout the Greater Cleveland area. The organization formed during the 1900s, and early leadership turned over frequently due to a series of power grabs and assassinations.
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.
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.
He was president of the United Brotherhood of Carpenters and Joiners of America from January 1, 1980 to October 31, 1982. He was born in 1915 in Cleveland, Ohio, to Louis and Mary (Gabor) Konyha. His father was a carpenter.
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%.