IBEW Local 134 Membership Meeting - Business Manager Terry Allen - January 5, 2012

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Uploaded by on Jan 5, 2012

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  • Good start but it may be too late. The corrupt pension payout, especially widened under the crook/drunk Fitzgerald, decimated/destroyed the funding asset/liabilities system. Now, with half the members out of work, the input of funds cannot keep up with disbursements. What you will see is a decrease in funding liabilites in the coming years, today 85%, next year 80%, and decreasing.  The corruption is proved with the resignation of Foley. Need to cut more!

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