Breaking News: Bricklayers Withdraw

Earlier this year the Bricklayers and Allied Craftsmen Local No. 7 Pension Plan out of Austintown, OH (which was the sixth plan to file and then withdrew their application) refiled. Today that application has been withdrawn even though they might now have $7 million left in the fund and negative cash flow of $2.5 million according to their latest 5500 filing:

Plan Name: Bricklayers and Allied Craftsmen Local 7 Pension
EIN/PN: 34-6666798/001
Total participants @ 4/30/19: 427 including:
Retirees: 223
Separated but entitled to benefits: 105
Still working: 99
Asset Value (Market) @ 5/1/18: 11,528,839
Value of liabilities using RPA rate (2.99%) @ 5/1/18: $65,312,402 including:
Retirees: $36,636,478
Separated but entitled to benefits: $16,085,173
Still working: $12,590,751

Funded ratio: 17.65%
Unfunded Liabilities as of 5/1/18: $53,783,563
Asset Value (Market) as of 4/30/19: $9,533,656
Contributions: $723,439
Payouts: $3,002,546
Expenses: $189,441

13 responses to this post.

  1. Posted by Tough Love on May 22, 2020 at 10:10 pm

    Off Topic ……………

    What a horrific choice for leading this nation ……….

    https://www.snopes.com/ap/2020/05/21/trump-lashes-out-at-scientists-whose-findings-contradict-him/

    Reply

  2. Posted by Tough Love on May 22, 2020 at 10:53 pm

    I anticipate that Trump will be calling THIS “fake news”, and the Priest-author, a “never-Trumper”:

    https://www.cnn.com/2020/05/22/opinions/churches-reopening-trump-covid-19-beck/index.html

    Reply

    • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on May 23, 2020 at 9:13 pm

      TL, give your anti-Trump propaganda a rest, OK. We get it, you don’t like him, good for you, go vote for Sleepy Dementia Joe. We don’t need your anti-Trump commentary (has nothing to do with thread) on every thread.

      Reply

      • Posted by Anonymous on May 23, 2020 at 9:22 pm

        She can say whatever she wants. Who died and made you moderator???

        Reply

        • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on May 23, 2020 at 11:25 pm

          I made myself moderator! That’s who.

          Reply

      • Posted by Tough Love on May 23, 2020 at 9:42 pm

        Woof Woof !

        Reply

        • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on May 23, 2020 at 11:26 pm

          Seriously, it just takes away from any legit comment you make and we are all tired of your non-stop politics.

          Reply

          • Posted by Tough Love on May 23, 2020 at 11:45 pm

            Rex, do you think that YOU are taken seriously ?

          • Posted by E on May 24, 2020 at 12:03 am

            TL, nobody likes him on here. You have a right to rip Trump(justified) and he has a right to bust you for it. I just ignore him. Nobody on here takes that homophobic juvenile 60 something year old man seriously AT ALL.
            Almost no one responds to him and his dopey dog icons anymore, and I ask you to consider the same. Watch….he will come at me and I’ll ignore him. Lol. Rather converse with you anyway. 😉

          • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on May 24, 2020 at 3:57 pm

            Rex, do you think that YOU are taken seriously ?
            Far more seriously than YOU, and the repeated a bazillion times comment/s you post. Someone that continually posts political comments (Anti-Trump) that have ZER to do with the topic is the benchmark of someone who is not taken seriously.

          • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on May 24, 2020 at 3:59 pm

            TL, nobody likes him on here. You have a right to rip Trump(justified) and he has a right to bust you for it. I just ignore him. Nobody on here takes that homophobic juvenile 60 something year old man seriously AT ALL.
            Almost no one responds to him and his dopey dog icons anymore, and I ask you to consider the same. Watch….he will come at me and I’ll ignore him. Lol. Rather converse with you anyway. 😉

            THis from a GED idiot, I am so hurt 🙂 Just thank me and the rest of the real world for your GED Gov workfare job, because that GED would get you a job, maybe not you, at Walmart in real life.

        • Posted by SMH on May 23, 2020 at 11:43 pm

          SMH

          Reply

  3. […] 7 Pension Plan out of Austintown, OH (which was the sixth plan to file and then withdrew, refiled, withdrew) refiled again at at time when they might have $7 million left in the fund and negative cash flow […]

    Reply

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