Equity Update

The IAM is not included in your calculations so there aren’t 33,000 participants.

Don’t quote me on this but I think Sean Doyle told me their were 22,000 “eligible” participants. And eligibility doesn’t mean everyone gets the same cut.


Thank you!
 
Thank you!

You’re welcome Buck. And hey if you really want to drive yourself crazy trying to do the Math. Don’t forget that even the EBO people are included for at least the small portion that was held back for any discrepancies? That’s probably why Sean said 22,000? I’m thinking the Lions share will be distributed among around 17,000.

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If the fund is $130,000,000 and divide by 33,000 participants less 38% taxes , roughly 1500.00 but they will vary.
There was a formula for each person. Years of service is one calculation in the formula. So it varies for each person.
Before the fund grew to 130 million I was owed about $3,000 not including the 4% the union is stealing for administrative purposes. So with the fund where it is today I should be owed about $4,200 before taxes. That 4% is stolen and I doubt I'll see anything close to $4,200 before taxes.
 
Where are folks getting this 130 million figure from? I'm not sure it's anywhere near that.
 
There was a formula for each person. Years of service is one calculation in the formula. So it varies for each person.
Before the fund grew to 130 million I was owed about $3,000 not including the 4% the union is stealing for administrative purposes. So with the fund where it is today I should be owed about $4,200 before taxes. That 4% is stolen and I doubt I'll see anything close to $4,200 before taxes.


Where have you seen anything written that says any administrative fees are going to gobble up 4% of the original 14% held?

Of course there actually ARE administrative fees that will need to be paid and just like your 401k guess where those come from?

Sorry Charlie only the best tasting “Tuna” gets to be called Starkist.

Stop complaining BTW. You’re one of the guys who said 1000 times that they were going to “steal” it all from you.

WRONG!!!!!!!
 
MetalMover I wanted to point something out to you kind of along the lines of what I said on the other thread.

A bunch of people here on Forums kept saying that the TWU is going to “STEAL” or “STOLE” their money. They kept badgering and badgering and badgering and a couple of others kept trying to explain that it was a F’n Lawsuit and a Court Ordered Hold of those funds.

Didn’t matter the TWU “STOLE” their money anyway.

Now in about 2 or 3 weeks a check with that money is going to arrive in these Assholes mailboxes.

Will even one of those A Holes come on here and admit they were wrong? NO. Not a single F’n one of them.

Because they have no integrity whatsoever.
 
Fund was $85 Million prior to Trump election.
Assuming it was still invested then it made a good amount since then.
I also saw the value posted at $135 million since the first of the year.
 
Fund was $85 Million prior to Trump election.
Assuming it was still invested then it made a good amount since then.
I also saw the value posted at $135 million since the first of the year.

Do you have a link to verify those numbers?
 

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