Breaking News...This Just In. The Board of Trustees has terminated Mr. Joesph Epstein as Executive Director of the Benefit Funds. Epstein was hired in July 2011, and has restructured the Funds’ office and filled most key positions.
According to Review Officer Dennis Walsh, Epstein has "particularly focused on achieving cost efficiencies, and has presented to the Trustees an estimate of savings of approximately $5 million for the fiscal year ending June 30, 2012."
It is expected the Board will issues a statement by Monday.
Showing posts with label Welfare Fund. Show all posts
Showing posts with label Welfare Fund. Show all posts
Friday, July 20, 2012
Benefit Funds Director Fired
Tuesday, June 12, 2012
Retirees File Class Action Lawsuit
On May 23, 2012, Plaintiffs, by and through their attorney, The Law Office of Harvey S. Mars LLC, as and for their Complaint, allege as follows:
NATURE OF THE CASE
1. This is a class action pursuant to the Labor Management Relations
Act of 1947. as
amended, ("LMRA"), 29 USC § 185, et. seq. and the Employee Retirement
Income Security Act
of 1974 ("ERISA"), 29 U.S.C, § 1001 et. seq. to enjoin the defendants,
the New York City
District Council of Carpenters Welfare Fund ("Welfare Fund" or
"Carpenters Welfare Fund")
from requiring contributions and co—payments from the plaintiffs and
other similarly situated
retired participants of the Welfare Fund.
This action also seeks to enjoin the Council of Carpenters
Welfare Fund and its Trustees
and Executive Director from making any payments from the assets of the
Welfare Fund to the
New York City District Council of Carpenters (“District Council") and
to require the Defendants
to repay to the Welfare Fund all monies improperly transferred.
Plaintiffs additionally seek the
costs and attorney's fees incurred in prosecuting this action.
2. Effective June 1, 2012, the retiree class will all be required to
make substantial payments
for what were previously free health benefits and their participation
in the health plan will be
terminated unless such payments are made. There are approximately
eight thousand retired
carpenters in the class and an additional number of spouses and
eligible dependents, and it is
therefore impracticable to bring all of them and the other class
members before the Court. There
are questions of law and fact presented herein which are common to the
entire class of persons;
the named plaintiff`s’ claims are typical of those of the class; and
the defendants have acted or
refused to act on grounds identical in opposition to the interests of
the entire class. The named
plaintiffs will fairly and adequately protect the interests of the said class.
Friday, June 1, 2012
Benefit Changes
As we previously advised, the Trustees have been considering changes to the benefits available through the New York City District Council of Carpenters Welfare Fund ("Welfare Fund") in order to control costs and ensure the Welfare Fund's financial stability for the future. The Trustees recently adopted changes to the Welfare Fund that go into effect on June 1, 2012.
Monday, September 25, 2000
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