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CCWIPP Trustees Straighten Up and Fly...Backwards?

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wm pasz
Post Posted: Sun Apr 02, 2006 2:08 pm

Joined: 29 Jan 2006
Posts: 1219
Location: Toronto
Just when they thought it was safe to go outside, the trustees of the UFCW's beleaguered Canadian Commercial Workers Industry Pension Plan (or cwip-sh*ts as we have taken to calling them), have been caught in another disingenuous attempt at damage control.

The rest.

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SharynS
Post Posted: Sun Apr 02, 2006 3:18 pm

Joined: 28 Jan 2006
Posts: 2940
Location: the 'puter
Is a compliance officer under any obligation to the plan itself - are there applicable regulations? Or is this like passing the buck when it comes time to meet fsco again?

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weiser
Post Posted: Mon Apr 03, 2006 10:15 pm

Joined: 30 Jan 2006
Posts: 190
Location: Chilliwack
The CCWIPPshits are experts in compliance. They run the damned workshops at IFEB conventions. The run MEBCO (out of Dave Harvey's offices in a CCWIPP-financed property). This whole thing is supposed to make it look like they had an accident in not following proper procedures.

Giiiiiive meeeeeeee aaaaaaaaaaaaaaaa BREAK!

This is just another piece of bullshit that the FSCO believes to be a cookie. Munch away you fools!

These guys don't seem to give a shit what advice any consultant gives them:
Quote:
April 6, 1995 memo from Denco Properties Canada Inc. to M. Rogerson implies that the value of $1.2M per acre is unsupportable, "The long term value of approximately $1,200,000 per acre would have to be deferred until such time as market conditions support a development of that type of land." Clifford Evans' note of April 26, 1995 indicated that the $1.2M valuation was to be used.

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