Breaking News: Second New MPRA Filing

Appearing today on the MPRA website, Roofers Local No. 88 Pension Fund out of Merrillville, IN filed to cut benefits.

From their latest 5500 filing:

Plan Name: Roofers Local No. 88 Pension Fund

EIN/PN: 34-6615264/001

Total participants @ 4/30/19: 436 including:

  • Retirees: 240
  • Separated but entitled to benefits: 93
  • Still working: 103

Asset Value (Market) @ 5/1/18: $28,695,777

Value of liabilities using RPA rate (2.99%) @ 5/1/18: $73,158,727 including:

  • Retirees: $40,203,218
  • Separated but entitled to benefits: $16,107,092
  • Still working: $16,848,417

Funded ratio: 39.22%

Unfunded Liabilities as of 5/1/18: $44,462,950

Asset Value (Market) as of 4/30/19: $27,959,092

Contributions: $1,102,227

Payouts: $2,909,623

Expenses: $281,224

48 responses to this post.

  1. Posted by Tough Love on January 13, 2021 at 6:58 pm

    Off Topic (lol …. less once is GONE !)…………

    The BIG question …. who will Trump pardon?

    Kushner ?

    His kids ?

    Himself ?

    The man with MORE THAN enough information to bury him financially and put him in prison for a decade …. Allen Weisselberg, the chief financial officer (CFO) of The Trump Organization ?

    Reply

  2. Posted by MJF on January 13, 2021 at 7:00 pm

    Funny, 436 employees, that’s a couple of restaurants, and a magical $73 million from somewhere. With 103 waiters still working coming up with $43 million to keep the game afloat. Lordy.

    Reply

  3. Posted by geo8rge on January 13, 2021 at 7:16 pm

    US state and local governments brace for layoffs and cuts due to pandemic

    Millions of jobs and drastic cuts to already struggling services on the line as health and economic crisis worsens

    https://www.theguardian.com/world/2021/jan/13/us-state-local-governments-covid-pandemic-economic-impacts

    Reply

    • Posted by NJ2AZ on January 13, 2021 at 8:34 pm

      i have little pity for these governments that spend every dollar and then some even in boom times, and a federal bailout only sends the message that behavior is completely fine.

      let them cut cut cut!

      Reply

  4. Posted by Marcia on January 13, 2021 at 9:26 pm

    Sorry very off topic:

    E, Illinois legislators just got in session for the first in a long time. Did you see the horrific police reform act they passed?

    Reply

    • Posted by Tough Love on January 13, 2021 at 9:49 pm

      Too bad they completely eliminated the cutback on qualified immunity, instead of say going half-way.

      While I believe that in close-call situations Officers SHOULD get qualified immunity from personal liability, but we’ve seen way too many cases (on video) where police just get angry, lose their cool, and beat someone up with no justification or go WAY overboard. .
      In those situations, the Officers SHOULD have personal liability.
      —————————————–

      And quoting …………..

      ““I voted against this legislation because it will put criminals back on the street much faster and prevent our communities from becoming safer,” says Rep. Dan Caulkins (R-Decatur). ”

      While I understand where he is coming from, he forgets that the ONLY legal purpose of bail is to assure appearance in Court, NOT to punish the as-yet un-convicted. There really isn’t justification to hold someone in jail ONLY because they can’t AFFORD the bail.

      Reply

    • I just read up on in after seeing your post.
      I am mixed on bail reform. We have it here in NJ for the last 3 years or so. NYC in particular has seen way too many instances of people committing crime after crime after being released with only a few hours in jail processing. The govt officials for years looked at fines for traffic violations and increased the more popular ones. Inspection ticket is $122. No insurance card in possession is $186. They were $40 when I started. That’s a lot of coin for someone who is unemployed. So there shouldn’t be a penalty for being poor. But too many violent people commit MORE crimes after being released. That’s not good.
      As far as body cameras, law enforcement is used to them now. It’s just a matter of time. I think they help to be honest. But the regulations and when we MUST turn them off and announce why (hospital, achools, in a non criminal setting like a medical call and only at the persons request only add to the minutia that we can and Do get written up for.). Someone like TL should read the entire body camera policy and all the what if’s and maybes that are in there.
      Obviously if an officer commits a crime they can and should be able to be sued like any other person. The danger is truly that you are encouraging officers to stand down and criminals to goad/start with officers etc.
      I know first hand that if by taking a certain action I was going to put my family at risk through civil action I would be FAR more hesitant to get involved. One never really gets in trouble for the criminal that gets away. That is the true danger.
      It is much much harder to recruit these days. For the past couple years young people have been programmed to see us as the enemy. What decent 23 year old would want to do this job with all the restrictions that can cost you not just your job but your freedom and your home? TL herself(and me too) would not want or encourage our children to take a job as a police officer. Pension notwithstanding.
      As long as you have human beings doing this job, mistakes will be made. The best street cops are usually the ones who can think like criminals. Not where would I hide or what would I do, but what would he or she do…that’s how you solve crimes. Not by being being a gullible fool who acts like the pillar of the community.
      But let’s be real—-the first cop whose family loses their life savings/house over a questionable borderline act will put blinders on the rest of them. An officer will NEVER get in trouble for the car stop he doesn’t make. If that attitude permeates the rank and file officer we are in trouble.

      Reply

      • Posted by Tough Love on January 14, 2021 at 11:41 am

        All good points, which is why “it’s complicated” and why I stated that ….”in close-call situations Officers SHOULD get qualified immunity from personal liability”.

        Quoting ….. “Someone like TL should read the entire body camera policy and all the what if’s and maybes that are in there.”

        I can’t recall commenting on Police body cameras, so I’m don’t know where that came from.

        Reply

        • I just want my bestie be well informed. And after reading it, I’m sure you would agree that there are so many what ifs or maybes that the officer has to think about, for instance if you are walking into a school- you are to turn the camera off and beforehand explain why you are turning it off, forgetting to do this may put you on the early warning system for being a problem officer.
          You should read the offenses that put on officer on the early warning system. A permanent record if you will, if there are 3 violations in a 12 month period.
          Violations include-
          At fault car crash
          Demeanor complaint(sustained or not)
          Having a court case thrown out (for instance if a radar certificate was expired by a month
          These are lumped in witb
          DUi
          Excessive force complaint
          Etc
          So if I back into a car in a parking lot (which I’ve done with the police car—it happens) and have a court case tossed because the solution used for a breath test was expired by a month and then 11.5 months later back into another car— regardless of my squeaky clean record for 10 years etc on on the list). The officer who had one use of force complaint and got a dui is not. Dumb feel good nonsense. With 25.5 years in I’m too old to be an early warning. Lol.
          Just like TL to be informed 👍

          Reply

          • https://www.fox32chicago.com/news/illinois-lawmakers-pass-controversial-police-reform-bill.amp

            Good point the sheriff brings up. Legislators have full qualified immunity from personal liability from singing harmful bills into law and judges have it too if they send someone back on the street and they kill someone, but we are going to go after cops who face strong resistance by suspects. And the part about anonymous complaints leading to firing etc? That better be “I don’t want to give my name, but here is video of your officers roughing someone up”. Instead of the “officer was mean” and I want him fired.
            Like I said, you make the job to difficult to do, it won’t get done.

            Reply

          • Posted by Tough Love on January 14, 2021 at 7:51 pm

            E,

            Comparing a Police Officer who clearly uses uncalled for excessive physical force is worlds different than …… “…Legislators have full qualified immunity from personal liability from singing harmful bills into law and judges have it too if they send someone back on the street and they kill someone,”

            You’re trying too hard to justify the status quo re limited liability for Police.

            Reply

          • Legislators have full qualified immunity from personal liability from singing harmful bills into law and judges have it too if they send someone back on the street and they kill someone, but we are going to go after cops who face strong resistance by suspects.
            Legislators do not have “Qualified Immunity”, nor do judges. They have legislative immunity and judicial immunity, and it is NEVER absolute immunity (but close to it). QI is judge made doctrine. I was about 99.99% sure the SCOTUS was going to strike it down in full, or at least make major changes to it to rein it in this past term, when they took 13 different (all consolidated) QI cases…. I goofed that guestimate up bigtime, the SCOTUS didn’t do jack shit…

            Reply

          • Tell that to the victims family who was killed by that suspect that was released by that judge or was given a pass to commit a crime because they were poor(like Seattle) or tell it to the wife and children who lost their home because their father struggled while arresting someone and had his knee on the guys back for “too long” causing a temporary injury. Or better yet, tell it to the dead cops family after their mother was afraid to use force to control a violent person and instead was killed. You know, like the poor guy hit with the fire extinguisher.
            It is very easy to Monday morning QB, but most these cases involve a resisting(sometimes violently) suspect and often lethal force is used after tasers have failed.
            Like in Atlanta. that DA charges those cops with everything under the sun. The suspect fought both cops, punched one in the face, stole a taser and pointed it at the cop. Tough scene. Those cops are humans. Not ninja warriors. All those charges tell the cops is to NOT even get involved and the citizens do whatever they wish to the detriment of law abiding citizens.

            Reply

          • Posted by Marcia on January 16, 2021 at 5:00 pm

            As the instigator of this off topic thread, I wholeheartedly agree with E. I don’t know any law enforcement officers personally so I wanted his opinion. Thank you for sharing it.

            Reply

      • I am mixed on bail reform.
        Sorry, but NO ONE should be in jail on mere “allegations”. Unless they have multiple FTA’s (failure to appear) or are accused of a SERIOUS VIOLENT CRIME. NO ONE ELSE

        Reply

        • Posted by Tough Love on January 14, 2021 at 7:54 pm

          How about someone caught red-handed IN-THE-ACT of selling 10 pounds of heroin ? Do you thing he/she will appear in court where likely conviction might result in a life sentence in prison ?

          Reply

          • How about someone caught red-handed IN-THE-ACT of selling 10 pounds of heroin ? Do you thing he/she will appear in court where likely conviction might result in a life sentence in prison ?
            Do they have any prior FTA’s? If not then yes I do expect them to appear in curt. Just because the GED cops make an ALLEGATION doesn’t mean jack shit.

            Reply

          • Police officers do not authorize people to be out in jail. Judges do. Many cases where a judge finds probable cause to issue a warrant should involve some sort of pre trial incarceration if the offense is serious enough. Monetary bail sometimes is not the way to do that. You want to work towards social equality? Lower the fine for traffic and parking fines. Some of them are true hardships for working class folks. Sometimes folks really do forget to put the insurance card in the glovebox. $186? Too high.
            Politicians didn’t like all the non moving tickets issued instead of movers years back here in NJ. So they created the famous “driving a vehicle in an unsafe manner”. No points but a whopping $250 fine.
            Not so great

            Reply

          • Police officers do not authorize people to be out in jail. Judges do.
            Bullshit. Counties have a “Posted Bond Schedule” for misdemeanors and felonies, and they can ask for bond at MULTIPLES of the “Posted” amount, with supporting evidence. The problem is the judges are NOT, as in NEVER, “independent, unattached, third party, neutral, unbiased arbitrators”, they are rubber stamps of LE. It is COMMON for LE to ask for bond at 5-10 TIMES the posted amount, many times without the MANDATORY declaration/affidavit in support, and the judge to do what they do 99% of the time, rubber stamp LE and the increase. STFU EG, you are either clueless on this issue are are parroting your LEO union “talking points”.

            Reply

          • You sir are an absolute horses ass. You have no idea how it works here in NJ. Warrants are issued upon probable cause by a judge. No one else has that authority. And no one is out in jail(county, not a municipal cell for processing —6 hr limit there unless extenuating circumstances) Here there is a PLIER scale used to determine if someone should be incarcerated before trial. Otherwise they are ROR to commit more crime. You think the judges rubber stamp stuff? Nonsense.
            I’ve been in the business over 25 years. How about you?
            Self described INCEL. (Doesn’t even think of the word fuck). lol. Try it. It feels good, but I guess eating pup shit cicles are another way to go. Thank you for that one TL. This guy isn’t worthy to shine your shoes.

            Reply

          • I’ve been in the business over 25 years.
            I have more criminal law and procedure knowledge in my pinky finger than you have in your entire brain, but that isn’t saying much because you only have 4 or 5 brain cells total, the rest is air 😎✔✔✔

            Reply

  5. Posted by Tough Love on January 13, 2021 at 10:05 pm

    Trump STILL doesn’t get it, and will NEVER change …………..

    Quoting from the video below and addressing his inciting statements at the Capital rally:

    “It’s been analyzed, and people thought that what I said was totally appropriate”

    Yes, it’s be “analyzed” in the extreme, but does anyone believe that “people” (how many ……. zero ?) told him it was ………… “totally appropriate”.

    Lying is embedded in his DNA.

    https://www.cnn.com/videos/tv/2021/01/12/lead-kaitlan-collins-dnt-live-jake-tapper.cnn

    Reply

  6. Posted by Tough Love on January 13, 2021 at 10:13 pm

    Time for some Rep. Congressmen to pay for their involvement leading up to the riot at the Capital.

    https://www.cnn.com/videos/media/2021/01/13/katy-perry-pokemon-25th-anniversary-orig-jk.cnn/video/playlists/stories-worth-watching/

    Reply

      • Hi, my name is TL, this is what I do to give everyone brain damage:

        CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste … CNN copy paste …

        Reply

  7. Posted by MJ on January 15, 2021 at 9:51 am

    TL

    So let me just get this straight

    US Senators/legislative leaders, who by the very nature of their position are very powerful people, and most likely have access to some very professional mercenary/militant type “fixers’, conspired with some right wing nut jobs on unsecured blogs and unsecured text messages, then met with said nut jobs the day before and toured them around the capital building under scrutiny of security cameras and gave access to the offices of other Senators and the Speaker………

    Sounds kind of fishy to me, doesn’t make any sense 🙂 can’t make this shit up or can they?

    Reply

    • Posted by Tough Love on January 15, 2021 at 10:35 am

      That’s why the claims are being investigated.

      Reply

    • Posted by Tough Love on January 15, 2021 at 10:49 am

      And another good example of why we need VERY material pension reform (meaning reductions in amount and increases in the retirement age) EVERYWHERE…….

      “New Haven police chief ‘retires’ at 49 to a pension bonanza ”

      https://www.journalinquirer.com/opinion/chris_powell/new-haven-police-chief-retires-at-49-to-a-pension-bonanza/article_88333d18-5552-11eb-909a-9f605007c910.html

      Reply

      • Hmmm. For a city the size of New Haven, that $170,000 is really not out of this world. In fact it is probably on the lower side. And $80,000 is also certainly not what I would call a Bonanza. Just click bait is all. And you fell for it. Good luck at Quinnipiac Chief. They way things are now, you’ll need it. You want to start somewhere? Start with Christie’s old pals at the PA. Cops and everyone else.

        Reply

        • Posted by Tough Love on January 15, 2021 at 2:39 pm

          Sounds like there were a lot of guesses as to his salary and pensions but even if correct and he worked for 20 years, an $80K pension on a $170K pensionable comp is 47% of pay, and 47%/20 = a 2.35% per year of service formula factor….. which together with the included COLA increases and beginning to collect at age 49, this pension is 5 to 10 times great in value than what Private Sector workers typically get from their employers ….. beginning around age 65.

          There certainly are even more generous Police pensions elsewhere, but the PROPER comparison (as to generosity) should be to the Private Sector Taxpayers who are responsible for almost all of the cost. Under that APPROPRIATE measure, ALL of them are ludicrously excessive.

          Reply

          • TL be like….
            pension tsunami copy paste…

            Reply

          • And you can compare all you want…we both know it won’t change a thing. The man negotiated his package with his employer. You don’t live in New Haven or even CT. And trust me, no one on the public sector side in Nj is using his package as a comparison to justify higher bennies etc. lol.
            I don’t know which is worse? You’re TDS or your jealous obsession with police officers in general and this one specifically. I’m kinda honored. Let’s face it. I make your life more interesting.

            Reply

          • Posted by Tough Love on January 15, 2021 at 8:43 pm

            E,

            LOL ………… apparently you don’t like my alerting readers to articles that chronicle the material over-compensation of Public Sector workers (and especially Safety workers …… Police, Fire, Corrections, etc.).

            I recommend the pensiontsunami.com website to all readers ……. a wonderful aggregation of pension articles ……. with MANY alerting readers to the “tsunami” bearing down on Taxpayers due to the excessive generosity (and hence very high cost) of Public Sector pensions.
            —————————–

            My commentary alone has very little likelihood of resulting in changes ………. but if we don’t TRY, then that likelihood goes to zero.

            ———————–

            Quoting …………. “he man negotiated his package with his employer. ”

            Correction: s/b …….. the man “negotiated” his package with Elected Officials who are beholden to the Public Sector Unions for their campaign contributions and election support.

            We all know how it works.

            Reply

          • alerting readers? Lol. If that was true you would you start your own column in the newspaper. Haha. What readers? Me, Rex and AZ? What all 5 of us? MJ maybe? The readers. I guess we technically are. 🤷‍♂️
            This is just a place for you to anonymously vent and throw stones. Nothing more.
            I also seem to recall how you didn’t really care for me commenting on violence against police out in Portland and almost every damn place , but it is just fine and dandy for you to copy and paste pension tsunami “the sky is falling because this cop gets a pension” story of the day about a cop from Lord knows where getting the pension he is entitled too. You’re a smart lady, but just not quite as smart as you think you are…..how do I know? Cause it takes one to know one. I’m not quite as smart as I think I am either. Haha. Doesn’t mean we can’t be friends right?

            Reply

          • Posted by Tough Love on January 16, 2021 at 1:02 am

            E,

            No “stones”, just a VERY accurate description of the current Public Sector pension/benefit structure in NJ, and the resultant gross overcompensation of it’s Public Sector workers.

            And no, not because …..”this cop gets a pension” …….. but because this cop gets a pension with a value (high payout combined with a very young retirement age) so great, that the Taxpayers’ level annual cost as a %-of-pay (to fully fund it over your working career using REASONABLE, not the OPTIMISTIC assumptions employed today) is just about 10 TIMES (yes, you didn’t read that wrong 10 TIMES) the 4% of pay into a 401K Plan that is all most Private Sector Taxpayers get in retirement security contributions from their employers.
            ——————————–

            And no, Police aren’t “entitled” to such excessive pensions. They simply get them because they are granted by Union-beholden Elected Officials. A MUCH more accurate descriptive word than ENTITLED, would be STOLEN from the betrayed and beleaguered Taxpayers.
            ——————————–

            Sure …. still buddies ? 🙂 🙂

            You know we’re just going to have to agree-to-disagree on this.

            Reply

          • The man negotiated his package with his employer.
            He didn’t “negotiate” jack shit. You GED Wonders start to believe your own hype after repeating it for so long….

            Reply

  8. […] January 23, 2021 Mary Pat Campbell Breaking News: Second New MPRA Filing […]

    Reply

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