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CCWIPP Financial Statement for 2008
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CCWIPP Financial Statement for 2008
CCWIPP Financial Statement for 2008
| Author | Message |
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| wm pasz |
Posted: Sun Dec 06, 2009 3:48 pm
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Joined: 29 Jan 2006 Posts: 1219 Location: Toronto |
uncharted has obtained a copy of the 2008 financial statement for the Canadian Commercial Workers Industry Pension Plan (CCWIPP). The news is devastating. Highlights for 2008 include:
We encourage members and interested others to review the document and post their questions, concerns and observations. _________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X Last edited by wm pasz on Tue Dec 15, 2009 8:28 pm; edited 1 time in total |
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| SharynS |
Posted: Mon Dec 07, 2009 2:27 pm
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Joined: 28 Jan 2006 Posts: 3626 Location: the 'puter |
I'm only this far trying to understand this crap. Right off the top: Why is a contribution to the unrestricted fund not showing on 2008's year end balance (p.5)?
(p.6) Contribution to the 2008 stabilization fund was approx 15 mil but the transfer amount approx 6 mil. For year 2008 it looks like the stabilization fund paid it's own way. But for year 2007 contribution and transfer to the SF was dollar for dollar. How so? Another oddity for those of us new to pension scams - why is the 2008 stabilization opening balance approx the same amount as 2007's SF contribution amount? The only thing that makes any possible sense would be that it's apples and oranges - comparing current funding year to fund totals/opening balances? As opposed to year to year? page 7 here I come. _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| SharynS |
Posted: Mon Dec 07, 2009 3:21 pm
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Joined: 28 Jan 2006 Posts: 3626 Location: the 'puter |
Who is Benchmark Decisions Ltd.? They seem to get paid a nice chunk of CCWIPP change from the fund each year and there doesn't seem to be any information to be found about the team.
_________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| wm pasz |
Posted: Mon Dec 07, 2009 9:24 pm
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Joined: 29 Jan 2006 Posts: 1219 Location: Toronto |
Benchmark Decisions is another consulting company controlled by the CCWIPP trustees. Check out their web site. I've always gotten a laugh out of their pitch line...Good benefit consulting, like resourceful cooking, transforms assorted ingredients into unique concoctions...
_________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X |
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| SharynS |
Posted: Mon Dec 14, 2009 3:04 pm
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Joined: 28 Jan 2006 Posts: 3626 Location: the 'puter |
Unless I've missed a link, the website doesn't say who's running the Benchmark show. If you're in business to do business, it's not only standard practice but it's prudent to identify heads and list their credentials? The only explanation for not doing so would be that the business is a shell.
_________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| wm pasz |
Posted: Tue Dec 15, 2009 2:11 am
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Joined: 29 Jan 2006 Posts: 1219 Location: Toronto |
The federal corporations database will give you the names of the Benchmark Decisions directors. It's the ccwipp boys plus a couple of familiar UFCW troughers.
_________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X |
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| wm pasz |
Posted: Tue Dec 15, 2009 8:37 pm
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Joined: 29 Jan 2006 Posts: 1219 Location: Toronto |
Correction: The lead post in this thread incorrectly stated the CCWIPP's funded status as 54%. It has been brought to our attention that the correct number is actually 42%. It was 54% in 2007 but the up-to-date number is 42%.
We apologize for temporarily making the CCWIPP trustees look better than we should have. _________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X |
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