Question: What’s difference between what Harold is to have allegedly done and what Bernie Maddoff did?
This post was published on the now-closed HuffPost Contributor platform. I knew I didn’t like him from the beginning if his first term. The International Association of Firefighters (IAFF) executive board was rocked by news at its recent meeting that their pension system requires an immediate $2 million dollar bailout; one of possibly many, in order to remain solvent.Plan documents show that liabilities have skyrocketed from $65,000,000 to over $87,000,000, an astonishing 33% increase.At the same time, the funding target percentage has tanked in a single year from 84.25% to just 66%.Auditors discovered a secret pension enhancement, known as “Amendment 6”, created by Harold Schaitberger in 2006, which allowed for the collection of benefits at age 53 without an early retirement penalty.Sources say it was enacted without the specific approval of the executive board after it was hidden in a committee report as a no-cost technical amendment.They also report that the secret pension enhancement was apparently made retroactive to 2002, two years after Schaitberger was elected at, you guessed it, age 53.Those with pension experience know that enhancements are seldom if ever retroactive, except in the world of Harold Schaitberger.Such retroactivity could have allowed Schaitberger to receive tens-of-thousands of dollars of pension benefits improperly in what can only be described as a brazen money grab.In addition, while receiving a current salary of approximately $330,000, plus expenses, Schaitberger has been double-dipping a $100,000 pension for twenty years which the 2006 secret amendment made much more valuable.The executive board says they were not aware that Schaitberger has been double-dipping.Schaitberger’s secret shenanigans have been exposed and the bill is due.Iowa, Kansas, Missouri, Nebraska: mwoolbright@iaff.org (314) 393–9755Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont: jcolbert@iaff.oDelaware, District of Columbia, Maryland, Pennsylvania, Virginia, West Virginia: Minnesota, North Dakota, South Dakota, Wisconsin: tthornberg@iaff.orgAlberta, British Columbia, Northwest Territory, Saskatchewan, Yukon:Alaska, Idaho, Montana, Washington: rwalsh@iaff.orgIllinois, Indiana, Kentucky, Michigan, Ohio: msanders@iaff.orgColorado, Nevada, Oregon, Utah, Wyoming: rrahne@iaff.orgArizona, California, Hawaii, New Mexico, Guam: flima@iaff.org(213) 507–6317 (Cell) (213) 485–2091 Ext 1 (Office)Caribbean Area, Florida, Georgia, North Carolina, South Carolina: wdix@iafManitoba, Ontario: fleblanc@iaff.org (613) 328–2195 (Cell)Alabama, Arkansas, Louisiana, Mississippi, Tennessee: dtodd@iaff.orgNew Brunswick, Newfoundland, Nova Scotia, Prince Edward Island, QuebecAll federal fire fighters of the United States and Canada: jjohnson@iaff.orgWas he ever really a Firefighter? Only the courts and forensic accounting can answer this question… and if true, there is no difference!To All: Sometimes people get away with and control things for so long, they never think they will get caught. Vinny Bollon would never have allowed this to happen!If the facts are true then he should have his balls cut off and stuffed into his mouth….resign????Resign…?
The fearless leader’s double-dipping has contributed to pension underfunding. Harold “Shady” Schaitberger The International Association of Firefighters (IAFF) executive board was rocked by news at its recent meeting that their pension system requires an immediate $2 million dollar bailout; one of possibly many, in order to remain solvent. Harold “Shady” Schaitberger has been destroying the IAFF since day one in a non-stop drive to enrich himself and his cronies and to achieve absolute power and control.