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Entries in Union (2)

Thursday
Mar292012

PERA holdings top $13 Billion! Where is the other $28 Billion???

VetTheGov checked the recent PERA filings via Securities & Exchange commission website to see their recent quarterly update report on January 24. 2012. The report shows stock holdings with 2443 publicly held companies with current value of $13.1 Billion. Yet Colorado PERA shows over $41 Billion in assets on their 2010 Annual Financial report. Yes read the fine print and the grand total includes 401K's, 457's, Deferred Comp plans, Health Care Trust funds, and a life insurance reserve. Are they allowed to show public employee funded private accounts as assets??? No breakdown of exactly how much is appropriated to any of these funds but you as the taxpayer are on the hook for any promises they make or claim. The scary part of this is that the health care trust funds both show a funded ratio of ONLY around 17% on page 3 of the annual report which means there can't be much in these funds! The entire PERA fund is only 66% funded to total liabilities with the biggest claim of a whopping 14% return on investments! Are they getting inside trader information???

It appears PERA uses smoke-screens in their funding numbers by adding in additional trust funds used to offset healthcare cost to its members. It allows for members that may or may not qualify for Medicare to receive an additional subsidy between 115.00 to 230.00 monthly depending on status and years of service. There is currently a bill being introduced in this years legislation that is seeking to strike certain language from it. See HB12-1250 here. PERA opposes this bill probably because it impacts over 37,000 that currently receive the subsidy! Click here to see all the PERA legislation this year alone!!! Why so much legislation for a fund we always hear is doing so well???

On page 7 in the annual report you notice their top 10 stock picks for 2010 but in their latest filing VetTheGov has their current top 10.

  1. Bank of America-10.3 Million shares Political givings
  2. GE-8.2 Million shares Political givings
  3. Pfizer-6.9 Million shares Political givings
  4. AT & T-5.6 Million shares Political givings
  5. Wells Fargo-5.1 million shares Political givings
  6. Oracle-4.7 Million shares Political givings
  7. Cisco-4.3 Million shares Political givings
  8. Exxon-4.2 Million shares Political givings
  9. JP Morgan Chase-4.0 Million shares Political givings
  10. Comcast-3.4 Million shares Political givings

Honorable Mention over 2 Million shares: Merck, Newscorp, Citigroup, Altria Group, Chevron, US Bancorp, Morgan Stanley

Notice a theme with the banks? Remember these are your private industry tax dollars funded directly into large corporations and you must take notice of the bailout related companies in the top 10! If you recall the great Ponzi schemes they all have the same indications of promises made by PERA. Promises of 8% returns annually and a check always showing up monthly on time so you never worry! If the government runs out they simply add more to the system by increasing the debt limit, find clever ways to increase taxes and fees, and poof your PERA check still arrives! In the meantime your retirement accounts are funding Oil & Gas companies, Big Banks, Pharma Companies, and Big News media outlets that continue the smoke & mirrors game to keep you guessing, confused, divided and owned! 

If the bailout monies were never delivered the whole scheme would have imploded. Big question is how many workers in the public and private sector does this scheme employ??? Is this why government feels the necessity to create a new green marketplace??? Is this why Big Government and politicians campaign about job creation all the time??? What about your tax dollars funding Big Unions and Big Media outlets??? What about your tax dollars funding Politicians you don't even like??? If you go to VetTheGov's earlier story on who these Big Corporations give to politically, you must ask what are they protecting??? They are protecting the biggest SCAM ever invented and where no one ever goes to prison and the PEOPLE stay enslaved without a clue unless of course you join the SCAM or figure a way to the top of the pyramid like a job in DC or high up in the ranks of a financial institution like Goldman Sachs or a Big Corporation like GE that don't pay any taxes just really enjoy taking them!

Look below and see if you can follow the scheme! At least following your tax dollars all the way to the President and the President's men appointed to the Federal Reserve might clear up a few things. If you look all the way through PERA's holdings you will find most of the companies listed below. 

When you follow the money trail or attempt to decipher it is no wonder our government, corporations, and media outlets try to keep the masses divided in order to keep the Scheme from imploding! Stay tuned for more updates in the near future! 

Saturday
May282011

Where does Union money come from and where does it go?

Unions and political parties will often focus on social issues related to so called left or right extremes during election campaigns. Why? Because it takes voters away from the real issues at hand and the BIG government promises and entitlements established years ago. Then we hear the term lock boxes and reform Medicare and we expect these issues to get resolved, right? Maybe? Wrong? Why do you think we have career politicians in place? To make sure no new blood can arrive and make real change!

So who is the force behind status quo in Washington DC? Unions? Big corporations? Retirees? If you guessed all of the above you are correct! VetTheGov has focused on the Big business Big government connection and now will place the cherry on top called Unions.

Simply follow how Union dues influence political campaigns and it sums up why they get so heavily involved. If you look at the top campaign contributions by Union's over $96 Million and 94% going to Democrat candidates. If you are working for a unionized company and pay your dues what do you get in return? Here are 5 top reasons to join a Union from SEIU's website. Are you really receiving these benfits or are they fiction?

So the war becomes the Unions versus Big Business versus the government and what becomes so intriguing is all their money comes from the same place, you the taxpayer. In a previous story by VetTheGov it dug deeper into where your tax dollars fund both the public and private sectors, and yes now you must know they fund Unions. Here is the viscous circle once again: You pay taxes that support government, the government pays public employees, the public employees give to retirement accounts, the retirement accounts invest in big corporations, the public employees give to unions, the big corporations employees give to unions, and lot's of money (dues) head right back to politicians, legislation, and State ballot measures. The real challenge is how each sector tries to out manoeuvre the other when the unsustainable models they introduce and fund run out of money. Creates many headline news stories for sure!

Let's take a recent Sentinel story here in Grand Junction regarding School District 51 budget cuts. VetTheGov was unable to find any responses to the local cuts in District 51 from the Colorado Education Association Union. Where is the protection promised to the little guy and to our educators from CEA? Here is CEA's 2009 990 showing over $10 Million in received dues and how they were spent. $6.6 Million on payroll, $1.5 million on Uniserv, and almost $1 Million on travel. CEA shows no lobbying expenditures and $87,000.00 in their Educators for Public Education Fund. Note the fund received $20,000.00 in May 2010 but no contributions towards candidates that have demonstrated support for Colorado's children. So educators, did you know your dues weren't helping State elections? It states right on the benefits to belonging that you receive full time lobbyist and grassroots support for politicians that support the causes of public education. Might be time to start asking what you actually get for your Union dues! Tony Salazar holds the title of Executive Director and Lobbyist for the organization but shows only $500.00 monthly in compensation for his lobbyist duties which appear to be monitoring versus actual influence and only part-time. However his main function of spending over $10 Million in annual dues is well compensated!

Rest assured that until Union and Big corporation monies are removed from the political convincing media buys, true reform and change will just be another campaign promise by those looking for personal gain and the Unions are at the forefront! Stay tuned as VetTheGov begins looking into Retirees and the need to protect Social Security, Medicare, and Pensions and the money Retirees give to politicians to protect their Entitlements!