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Coyote

Andy Mondo

 

                          Upcoming Events - Location - Dates & Times                    

                                    Breakfast at The Gem Thursday July 8 @ 8:30             

                                 Next Breakfast at Denny’s on Carrier Circle :

                                    Wednesday July 14 2021 @ 8:30

    There is a Silver Club Meeting scheduled for Saturday Sep 11 at 9:30 AM  

               Meetings are the 2nd Saturday of  January, March,May,September & November. No Summer Meetings

                                                      The Silver Club meetings have moved to

                                       The  VFW Post at 6996 E Taft Rd E Syracuse NY 13057

The Silver Club Officers

President: Dick Hollington

Recording Secretary: Kim Hoover

Vice President: Bev Brown

Treasurer: Tony Ori

  REMEMBER THESE NAMES AND THE AMOUNT OF MONEY THEY RECEIVE

                                   IT’S COMING OUT OF YOUR POCKET


                                           Mail from Bill King... thanks Bill

On your home page of the Silver Club web site you listed salary increases of a few of the pension employees.

You asked the question of what the salary increases, if any, for 2016.  Below listed are those figures as filed on

the 5500 filing for 2016. [Annual Return/Report of Employee Benefit Plan.   Pension and welfare benefit plans must generally file the

Form 5500 to report their financial condition, investments and operations.]

 

Ken Stilwell                $128,655.           Jessica Hoyt           $106,378.        Deb Lorcano           $46,226.            

Jeff Heller                     180,614.           Donna Shannon          96,296.        Shannon Roberts      45,509.

Tom Nana                      77,948.            Russ Morreale            64,508.        Mel Coraese             40,500.

Dawn May                     98,887.            Francis Kneyka          59,552.         Lesley Debuque       35,978.

Jen Miller                       88,316.            Kristin Allen              57,117.        Kim Cunninghan      35,786.

Barb Eckert                    99,949.            Rose Insalaco             51,024.        M. Klinke                 30,718.     

John Salerno                  74,162.            Barb Acey                  50.949.         Bill Arnault              25,106.

Grace Shakainski           95,229.            Michelle Deemer       50,038.         Don Fuerst *            21,046

Tim Rick                        62,795.            Robert Kelley            49,022.         Shannon Sauter       17,148.

John Tierny                    80,229.            Paula Curro               48,882.         Mike Scalzo               9,034.

                                                                                                                      John Bulgaro              6,003.

 

Those salaries listed above equal $1,891,604.00.   Let me know if you have any questions.....Bill King

Below are the salaries and raises of pension office employees for years 2009-2015

Any information published on this website is neither approved nor disapproved by the officers of the Silver Club

                              All information published on this site are the sole responsibility of the owner

                                           Wednesday, June 16, 2021       

     Next Silver Club Meeting: Saturday September 11, at 9:30 AM          

                      @ The  VFW Post at 6996 E Taft Rd E Syracuse NY 13057

                                         Syracuse Area Weather

                              Wednesday:
               
Breezy and unseasonably cool with a good deal of sun. High in the upper 60s to near 70.

                                                                  Wind: NW 6-18+ mph.

                                                                          Overnight:
                             
Clear, cool, and calm. Lows in the 40s. Wind: Calm.

                                                                           Thursday:
     A good deal of sunshine and seasonable. Highs in the mid to perhaps upper 70s. Wind: WNW 5-15 mph.


                                      From: "Bill King"   billking@twcny.rr.com  

                            Subject:  HR1319 American Rescue Act of 2021 section 9

          Regarding recent legislations dealing with the pension cuts.  There is truth to the rumor that there is language  in the above named bill under section 9704 dealing with what they call a bail out for pension funds that have implemented cuts, are 40% or less funded, or will become insolvent. 

      

Let our fellow retirees know “don’t spend the money till it is in your hand”  


The law states that monies will be available to approximately 124 pension funds and NYSTPF is in that group.  There will be up to 86 billion dollars for those funds.  A pension fund will need to file an application in order

to get the funds.  It could be a lump sum or it could take up to 5 years to get the monies.  It was stated it could take 4 months to get the administrative network in place.  I attached a pdf file that will give a summary of the package.  Finally the pendulum has swung in our direction.  I feel very good about what has transpired in the last couple days.  We have both legislation and litigation in our corner.  I am sure there will be much more to discuss in the near future.   After over 3 1/2 years our lives may start getting back to normal.  Please let me know if you have any questions or concerns.           Fraternally, Bill

        Click link below to read more about the Butch Lewis bill recently signed into law by The President

To all NYSPF retirees [ concerning letter sent from NYSPF to retirees on March 17, 2021 ]


After reading this letter several times and trying to determine what information it contains, I have come to the conclusion it is the closest thing you can get to a blank sheet of paper.  The trustees have committed to nothing.  All they say is they will “monitor the situation”.  For all we know they may not even file for the funds on behalf of the participants.  In my opinion it seems as though the trustees are intimidated and controlled by the US Treasury.  I pray Judge Hertling will move our case forward post haste after the 120 day stay.  At that point we will be close to the 4 year mark of pension cuts.  It is so painful to see this travesty which according to the U S Constitution never should have occurred. 

                                                                       

Saturday:
                  .....................................................................................................................................................................................................

FYI:  As you know congress gave the PBGC (Pension Benefit Guarantee Corporation) 120 days from March 11th to implement the application form and process.  We are now at 95 days in which puts the deadline mid July.   Below is the link to get information regarding that process. 

I believe this is the best source for us to get creditable information.


I am very disappointed in the lack-luster manor in which our trustees have neglected to keep us up dated.  The more fellow retirees know about this web site the better. 


Please get this out to as many of our brothers and sisters as possible. 


If you have any questions, concerns or suggestions please let me know............Thanks

 

Fraternally,

 

Bill                     https://www.pbgc.gov/american-rescue-plan-act-of-2021

    New Correspondence Received From Bill King   [June 13 2021]