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Tuesday, July 23, 2019

AFSCME Council 94 State Convention

Posted by Lou on March 16, 2016

Brothers and Sisters,

If you are interested in going to the state AFSCME convention being put on by Council 94, please let Joe Antonio know ASAP. The convention is 9am-12pm on Saturday March 26, at RI College. There is no agenda available, but we are trying to get an idea of what business is being conducted to keep you informed.

Also, we’re soliciting ideas for the summer outing, so if you have any suggestions, please contact one of the executive board members.

Thanks!

Out of Balance

Posted by Lou on November 16, 2015

From AFSCME International:

Friends,

Sign the petitionRight-wing billionaires are pushing a Supreme Court case called Friedrichs v California Teachers Association that could make it much more difficult for public service workers to come together, speak up, and get ahead.

This would have devastating effects on public service workers across the country, AFSCME members in particular.

Sign this petition to raise awareness about how wealthy special interests are continuing their attacks on working people.

In a nutshell, Friedrichs seeks to eliminate something called fair share fees, which nonmembers contribute towards the cost of negotiating and enforcing strong contracts that make it easier to support our families. As all public employees enjoy the benefits, job security and other protections our union negotiates, it is only fair that all employees contribute to the cost of securing those benefits and protections.

It should be no surprise that this effort to weaken public sector unions like ours is being funded by corporate CEOs and wealthy special interests.

Enough is enough! We need to tell America what’s happening. Sign this petition telling the Center for Individual Rights to stop attacking working people.

Giving working people the ability to speak up together through their unions leads to a balanced economy and fair wages for all workers. When we speak up together with one voice we get better pay, better benefits, and ensure a better quality of life for all our families.

Amy Hendrick
AFSCME Digital

Friedrich v. CTA

Posted by Lou on September 21, 2015

Brothers and Sisters,

If you haven’t heard about the the largest attack on public sector unions, now is the time to educate yourself. Friedrichs vs. the California Teachers’ Association is being heard by the Supreme Court, and outcome will directly affect the future of unions as we know it. That is not hyperbole, but honest fact. Council 94 sent out the following message recently:

Dear Member,

Wealthy/Corporate special interest groups are determined to destroy labor unions. The United States Supreme Court will soon hear a case that could threaten your contract and union. Please click here to read a great summary of Friedrichs v. CTA.

To prepare for the upcoming fight-

1. Sign up for the AFSCME Strong program by talking to your local union president, steward, or executive board member.
2. Follow Council 94 on twitter @ric94AFSCME
3. Receive text alerts on important issues. Text RI to 237263.

I will keep you up to date as developments occur.

Thanks for your continued activism and support.

In solidarity,
J. Michael Downey
President

Please take a second to read the article. We will be bringing more information to the membership in the near future.

Thanks,
Local 2881 Executive Board

Change.org petition

Posted by Lou on August 2, 2015

Brothers and sisters,

Please take a moment to read and sign the Change.org petition to prod the SEC to investigate the investments in our pension fund the link is:

https://www.change.org/p/u-s-securities-and-exchange-commission-investigate-potential-violations-of-the-rhode-island-8-billion-state-pension-fund

Please share this link with your family and friends, too. This issue should be of concern to all Rhode Island taxpayers.

Thanks!

Interesting articles related to pension funds

Posted by Lou on June 28, 2015

There have been some interesting articles regarding pension funds over the last few weeks. Take a look and tell us what you think in the comments below! Or better yet, share some of your favorite articles with your union brothers and sisters!

International Business Times: For Rhode Island Taxpayers, Alternative Investments Have High Cost

Wall Street Journal: Rhode Island’s $2 Billion in ‘Preventable Losses’ in Alternative Assets

New York Times: When Private Investment Firms Give Retirees the Short End

Go Local Prov: INVESTIGATION: Investment Firms Not Sharing Vendor Discounts with RI Pension Fund

Don’t forget to read the investigation into our pension fund performed by Benchmark Financial Services and submit a complaint to the SEC requesting an investigation into potential violations.

Pension legislative hearing

Posted by Lou on June 1, 2015

Brothers and Sisters,

You may have heard that the Senate Finance Committee held a hearing on proposed pension settlement legislation yesterday. I think we were just as blindsided by that as you were. But we now know that there will be a House Finance Committee hearing on the same topic on Wednesday afternoon (the Rise of the House is generally 4pm or sometime soon thereafter). If you would like to go and give testimony regarding your opinions and any pertinent facts related to the pension, please do so. The hearing announcement is: http://status.rilin.state.ri.us/documents/agenda-11301.aspx.

Thanks!
Local 2881 Executive Board.

Pension Fund Investigation

Posted by Lou on April 29, 2015

Brothers and Sisters,

Today is the last day to donate to Ted Siedle’s crowdfunding of an investigation into the pension fund. Although it has just reached fully funded, Kickstarter takes 10% of the total amount raised. I’ve spent significant time talking to Mr. Siedle over the last 2 days, and he seems like a good and decent person who really wants to help Rhode Islanders get to the bottom of why there are such significant issues with our pension fund. So please, if you are able, donate whatever you can afford to this investigation before 5pm today!

Thanks!

A new investigation of the pension fund

Posted by Lou on April 10, 2015

Brothers and Sisters,

As you may have heard, Ted Siedle has created a crowd funding campaign to raise funds to investigate the state employees’ pension fund. If Mr. Siedle’s effort raises $20,000 before April 29, he will conduct a follow up to his previous forensic investigation, funded by Council 94.

When I inquired about the focus of the investigation with Mr. Siedle, he stated the following:

This investigation will be based upon the most current information and focus upon hidden and excessive investment fees; the cost of any investment underperformance; conflicts of interest and wrongdoing. It will be a follow-up on the prior investigation, updating on past issues but we will also examine any new issues which arise. As before, there will likely be some discussion of actuarial issues and assumptions.

Now is your chance to have a direct impact in proving that is the mismanagement of the pension fund that led us to the underfunded condition it is in. It certainly isn’t our fault, because I know that we’ve contributed 8.75% of our pay everyday, without fail. Meanwhile, partners of past treasurers and hedge fund managers get rich off the excessive fees being paid with our money. Visit the Kickstarter page and donate whatever amount you are able towards getting the answers we deserve.

Thanks
Lou