NEWSLINE, May 2010 Local 237 Member Services
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Newsline May 10:Newsline Template 5/25/10 4:00 PM Page 1 Local 237 NEWSLINE HERHO OT O R D B O L F A T N E O A I M T A S T N E R R E S T N I May 2010 Vol. 44, No.5 R Local 237’s Second Annual Political Forum We Take Voting Personally Early on SatUrday morning, 500 Local 237 of - ficials, members, and the press gathered at the Hilton New York Hotel to kick off the 2010 elec - tion season. On April 24, political candidates rUnning for office in New York State came to speak aboUt their plans and qUalifications to steer the state and oUr fUtUre into better times. Candi - dates also took qUestions from the aUdience. President Gregory Floyd welcomed gUests and alerted them that Unions are “Under attack like never before.” He noted that while President Obama’s health-care reforms will insUre millions who lacked coverage, there is a growing threat to make Unions “pay more for oUr benefits.” Floyd stressed the importance of paying at - tention, at this forUm and dUring the coming campaign, “so we can sUpport candidates that will fight on oUr behalf.” The forUm, moderated again this year by New York Daily News ColUmnist Errol LoUis, inclUded The audience in the Hiltonʼs ballroom listens to five candidates for attorney general. candidates for Congress, state comptroller and Joining DiNapoli onstage, Floyd and the He also credited Floyd for his efforts in se - state attorney general. members of Local 237’s execUtive board an - cUring fUnds for NYCHA, and told the local’s Following a moment of silence and a video trib - noUnced their endorsement of him for state members, “The job yoU do day in and day oUt is Ute to the late Carl Haynes, former president of Local comptroller. essential to New York. It’s God’s work. YoU need 237 who died on April 8, Floyd began the forUm by The only other endorsement by Local 237’s elected officials at every level to stand by yoU.” introdUcing the first candidate, Thomas DiNapoli, leadership was of Sen. Charles SchUmer, who ac - the incUmbent candidate for state comptroller. cepted it dressed in his bicycle gear. Energizing Exchange of Ideas DiNapoli emphasized that “strong Unions are “I ride my bicycle all over the city every Sat - Candidates for state attorney general provid - essential to a strong middle class,” and that he Urday,” said SchUmer, who praised Local 237 for ed an energizing exchange of ideas and visions wants to be “part of a positive change.” its activism. “In my 36 years in politics, we have for the post. He acknowledged that the state is in econom - always worked together.” Sean Coffey, a New York attorney who once ic troUble. “The bUdget year was planned expect - SchUmer was instrUmental in secUring feder - helped secUre $6 billion for investors of the now ing a stronger recovery,” he said. “We need to alization for New York City HoUsing AUthority look at ways to control agency spending.” properties. Continued on page 6 Fighting for the Right to Sue Over Pension Fraud In an effort to protect pensioners broad powers to prevent fraUdUlent state’s secUrities laws are violated NYCERS, spoke in sUpport of the bill and other potential victims of secUri - secUrities practice, bUt investors President Gregory Floyd, who at a press conference held by the ties fraUd, Local 237 joined with a have no right to action when the serves as a trUstee to the Board of United Federation of Teachers on coalition of Union leaders, legislators Wall Street on May 18, and at a and legal experts to call for passage forUm held by the American Consti - of a bill that woUld give new aUthor - tUtion Society for Law and Policy on ity to large institUtional investors to May 21 to discUss the strengths and sUe for violations of secUrities law. weaknesses of the bill. The bill, S.5768/A.8646, intro - “The pensions of average Union dUced by Assemblyman Richard workers are Under attack,” said Floyd Brodsky and State Sen. Eric T. at the press conference and the forUm. Schneiderman, woUld amend the “The average pensioner gets aboUt Martin Act, the state’s main secUri - $23,000 a year, bUt too often yoU hear ties fraUd law, to allow pension reports aboUt padded pensions, say - fUnds with 500 or more members, in - ing workers are getting $200,000 a clUding the New York City Employ - year. I’ll never see that,” he qUipped. ees Retirement System (NYCERS), to ”Floyd emphasized that the new sUe banks and financial institUtions law woUld pUt cheating secUrities for fraUdUlent practices that lead to Members of the panel discussion on amending the Martin Act are, from left: dealers on notice that “If yoU de - the loss of assets in the fUnds. CUr - James Parrott, deputy director and chief economist, Fiscal Policy Institute; Assemblyman Richard L. Brodsky; President Gregory Floyd; Barbara Hart, Esq., rently, the state attorney general has Continued on page 3 Lowey Dannenberg cohen & Hart, PC. Newsline May 10:Newsline Template 5/25/10 4:00 PM Page 2 2 NEWSLINE, May 2010 Local 237 Member Services UNION HEADQUARTERS EXECUTIVE OFFICES, 5th Fl. 216 West 14th Street Gregory Floyd, President A Message From New York, NY 10011-7296 Richard Hendershot, The President 212-924-2000 Vice President LOCAL 237 DIVISIONS Ruben Torres, Secretary-Treasurer CITYWIDE DIVISION , 2nd Fl. Donald Arnold, Director PERSONNEL , 5th Fl. Peter Gutierrez, Deputy Director Edmund Kane, Director and Al Soto, Law Enforcement Chief Negotiator Taking Bold Steps to Secure Several Fronts Director POLITICAL ACTION & Randy Klein, Assistant Director LEGISLATION , 5th Fl. HOUSING DIVISION , 2nd Fl. Local 237 protects members’ e have been especially bUsy here at of that livelihood comes from oUr pension Remilda Ferguson, Director rights by helping to sponsor leg - Local 237 lately. The execUtive system. With the economic collapse in the Brooklyn, Queens & Staten islation that is important to mem - board and I have been working on past few years, oUr pension system has been Island bers, and by opposing initiatives sWeveral fronts. I’d like to take the time in this hit hard, as have so many across the coUntry. James Giocastro, that would hurt members. colUmn to talk aboUt important initiatives we OUr investments have sUffered for several rea - Deputy Director Patricia Stryker, Director are Undertaking. sons, one being the sinking of stocks in a LONG ISLAND DIVISION GRIEVANCES/DISCIPLINARY First, as yoU may know by now, we made soUring economy. While it is UnfortUnate, the 1727 Veterans Memorial PROBLEMS , 6th Fl. a few changes to oUr welfare fUnd drUg bene - flUctUating natUre of the market is a fact of Highway For grievances and job related fit. [See article on page 3] OUr Union has one economic life in today’s United States. What Suite 308 problems, first contact your shop of the best and most affordable drUg benefits is Unacceptable, however, is for oUr hard- Islandia, NY 11749 steward and/or grievance repre - in the entire city. To ensUre that it stays that working members to have their pensions de - 631-851-9800 sentative. If they cannot resolve way for years to come, we increased the maxi - stroyed by financial scams and fraUd. John Burns, Director the issue, they or you should mUm prescription benefit and slightly raised Benedict Carenza , contact your business agent. the co-pay. If we did not make these changes, Working On a New Law Deputy Director Mal Patterson, Director of then there was a very real possibility that ris - I am working with Assemblyman Richard John Sepulveda, Grievances and Hearings Assistant Director ing costs woUld bankrUpt oUr drUg benefit al - Brodsky and State Senator Eric Schneiderman Todd Rubinstein, Esq. to pass a law allowing large pension fUnds to Long Island Welfare Fund: together. Grievance Coordinator I recognize that times are still toUgh for sUe financial institUtions that participate in il - For information on the various Debbie Coleman, Esq. many of yoU, bUt we mUst not forget the larg - legal activities. CUrrently, New York law only funds call 800-962-1145 Grievance Coordinator er pictUre. Increasing the maximUm prescrip - allows the attorney general to sUe for fraUd. RETIREE DIVISION , 8th Fl. CIVIL SERVICE BAR tion benefit provides relief for many families, OUr execUtive board believes that oUr pension Provides a variety of pre- and ASSOCIATION , 6th Fl. while sharing the small co-pay increase to - fUnds shoUld have the same right. If crooks post-retirement services, includ - 212-675-0519 gether saves all oUr members potentially know that the fUll force of the Teamsters will ing pension and health insur - Gloria Johnson, Esq., President thoUsands of dollars a year. OUr drUg benefit bear down Upon them in a coUrt of law, they ance counseling to members. Aldona Vaiciunas, is a privilege we cannot afford to lose. I en - may think twice before making off with oUr (Pension counseling by appoint - Office Administrator and coUrage all members Using maintenance drUgs money. ment, Thursdays only). General retirement counseling and Grievance Coordinator to redUce their costs by taking advantage of Brodsky and Schneiderman are also two retirement planning series dur - John Picucci, Esq., the Medco mail-ordering option. of the five candidates for attorney general ing spring and fall. Grievance Representative Also in the area of health care, the Health (the others are Kathleen Rice, Eric DiNallo 212-807-0555 CSBA Welfare Fund and Hospitals Corporation recently an - and Sean Coffey) whom we have been inter - Nancy B. True, Director Alicare 212-539-5117 noUnced a restrUctUring and cUtbacks to take viewing since oUr sUccessfUl Candidates Po - COMMUNICATIONS, 8th Fl.