ChessBanter - View Single Post - USCF Pension and Finance Problems and Slow Response From Board

**samsloan**

Here is the email Donna has in mind:

At 09:41 AM 4/14/2007 EDT, wrote:
CONFIDENTIAL In a message dated 4/14/2007 8:20:55 A.M. Eastern
Daylight Time, writes: Regarding the bounced check
on the pension account, when the time comes to
hand down criminal indictments about this, I will be in the clear but you
will not, because I have been complaining about mis-handling of the pension
funds ever since the first day I came on the board, which was August 14,
2006. The transcript will show me making an issue over this while the rest
of you remain silent. I will not have to share your jail cell.
I doubt, a defense of "but I complained" would carry much weight. What
Board motion did you make?

As a result of the delays regarding Jami, Lawrence requested we do a
ten year analysis of the Pension. Is this correct? I was also told
Jean Bernice is the next case in line and she is now waiting, is this
true? Another recipient of the fund money told me he took the calculated
amount at face value and is now unsure if he got the correct amount.
ALL fund disbursements, for any reason, Can we verify whether the
fund is now fully funded? Not understanding Pension funds that well I may
be off on some of my concerns but we seem to have one problem after
another and it is time we did some preemptive analysis rather than handle
a succession of problems each time a withdrawal from the fund is
requested. Therefore, and going back in time to January 1, 2000. The
report should be available by July 15. ask that the 5 day response
period to this motion be extended to May 5. And Bill Hall, please advise
if this puts an excessive burden on staff in which case we will have to
look elsewhere to get this report. Sincerely, Don Schultz

I vote yes on Don's motion.

I was going to make much the same motion myself, but nobody pays
attention to my motions.

Sam Sloan