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-   -   Safety of 1199 pension fund (https://www.askmehelpdesk.com/showthread.php?t=262441)

  • Sep 20, 2008, 07:26 AM
    jammy23
    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.
  • Sep 20, 2008, 07:33 AM
    excon
    Hello j:

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

    excon
  • Sep 20, 2008, 08:44 AM
    Fr_Chuck

    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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