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    jammy23's Avatar
    jammy23 Posts: 545, Reputation: 0
    Senior Member
     
    #1

    Sep 20, 2008, 07:26 AM
    Safety of 1199 pension fund
    Someone emailed me a few months ago to say that although it was illegal for unions
    To invest in junk bonds, they are investing is something that comes close to that and
    That eventually I can lose my pension. He encouraged me to find out what my
    Union was investing in to keep our money safe and no one would give me an answer.
    How can I find out.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Sep 20, 2008, 07:33 AM
    Hello j:

    I'm sure a phone call to the union pension office will get you started.

    excon
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7691
    Expert
     
    #3

    Sep 20, 2008, 08:44 AM

    Yes, there should be full reports of all the investments of the funds. Your shop steward or local union office should be able to provide a lot of this. Also have you reviewed your unions web site for any info??

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