Legal Question in Employment Law in New York
Can a union move funds from pension fund to fund operating costs of the union
Asked on 6/26/12, 8:19 am
1 Answer from Attorneys
Nancy Delain
Delain Law Office, PLLC
No.
The pension fund is held in trust for the benefit of the participating union members. The money does not actually belong to the union, it belongs to the participating members.
Operating costs can be paid out of dues, grants, fundraising, investments, but NOT out of pension funds.
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Answered on 6/26/12, 3:13 pm
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