Monday, April 03, 2006

YOU’LL WONDER WHERE THE MONEY WENT: PART DEAUX

YOU’LL WONDER WHERE THE MONEY WENT: PART DEAUX

These are figures that reflect End of Year as Reported by MEBA, D1, PCD with the DOL on either their 5500 Form or LM-2 Annual Report.


Salary:
President MEBA, D1,PCD: $180,747
Sec-Treasurer: $143,603
Executive V.P.: $128,666
Branch Agent: $113,147
Patrolman: $ 86,315
Representative: (avg.) $ 75,249
General Council: $ 92,804
Plans Administrator: $174,891
Members: 5,850
Participants in Pension Plan: 5,800
Participants in MPB: 3,550
Participants in 401K 3,275
Participants in Medical Plan: 4,465
(2500 active, 1900 retired, 65 other)

Difference in Members total and various Participant totals are reflective of Members who are enrolled in other alternatives regarding their Medical or Retirement Options.

General Information: 21 - Rate of Dues and Fees (From LM-2)
21(a) Regular Dues and fees

The monthly dues rate for clerical and office workers who are members of the Professional Office and Industrial Division of District No. 1 - PCD, MEBA is 1.2% of their base pay.

The dues rate is $100 per quarter ($400/yr). In addition to the current dues rate, each member pays dues to the Union in an amount equal to 6% of the gross amount of each vacation benefit payment he receives from any jointly-administered MEBA Plan, or from the Union. However, any vacation benefit received as a result of conversion of overtime into vacation benefit will not be subject to the 6% vacation dues rate. For night relief engineers and port relief engineers, the additional dues payment is 6% of the vacation factor which is included in their basic wage rate for all work as night or port relief engineers.

21(b) Initiation Fees

The initiation fee for clerical and office workers who are members of the Professional Office and Industrial Division is $20.00.

The initiation fee for licensed marine officers employed aboard inland harbor tugs, ferries, etc. is $1,000.

The initiation fee for licensed marine officers who are employed offshore or deep sea by U.S. flagged shipping companies is $4,000.

2 Comments:

At 09 April, 2006 08:26, Anonymous Anonymous said...

There's info coming from CMES that the Training Plan is down to 30 million. That's a 60 Million Dollar drop since Ron Davis became Prez. five sorry years ago. But don't worry, the $1 per man-day contracts that Donron negotiated will fix it. In about 183 years.

Frats,

The Masked Skulker

 
At 11 April, 2006 07:26, Blogger wff said...

From Taxexempt.com

http://www.taxexemptworld.com/organizations/baltimore_md_21202.asp?spg=2

BALTIMORE MD 21202 NonProfit and Tax Exempt Organizations


MEBA TRAINING PLAN 1007 EASTERN AVE
BALTIMORE, MD 21202-432
Educational Organization
( Vocational, Technical Schools)


Assets
$83,304,475
Income
$96,464,190
Filing
12/2003


The $83.3 Million is before subtraction of liabilities for the year 2003. Still looking for more regarding Training Fund
wff

 

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