Thursday, April 8, 2010

UFCW Pension trustees hit with record fine

From the North Country:

An Ontario court has fined the trustees of Canada's biggest private sector, multi-employer pension plan – including its founder and a top union leader – a total of $202,500 for spending too much of the fund's money on questionable Caribbean hotels and resorts.


Cliff Evans, who founded the plan in 1979 and led the UFCW for several years, and Wayne Hanley, the union's current president, face fines and surcharges of $22,500 each. Evans, a member of a key investment committee of the plan, is no longer a trustee while Hanley remains on the fund's board.

The two unionists appeared in court for sentencing along with other trustees who are also still on the board and received similar fines.

More here.


“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.” Thomas Paine, December 23, 1776

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