Who’s Watching the Watcher?
Who is Watching the Watcher of Our Money?
Who is Watching Gilardi?
Is there any Plan for an Independent Audit?
There are so many questions regarding irregularities in the disbursement of Settlement funds–Gilardi appears to be on the brink of failure, we are kept in the dark, last minute requests for IRS rulings, promise after promise after promise, yet delay after delay after delay —
Maybe there needs to be an Independent Audit of How the Settlement Fund Money is being Disbursed?
The Plan of Allocation and Distribution Order (court Document 639-1) provides general instructions for how the funds are to be disbursed, but who is giving Gilardi the detailed instructions needed to fill in the gaps–such as, which bills submitted for payment are legitimate charges against the Fund, special payment instructions to those providing services (e.g., our fast and efficient tax specialists)?
Who is choosing the tax specialists and others which are getting paid from the Fund? Who is the ultimate “boss” who is directing how the Fund is dispersed? Is it IAM boss Rooney? Is it SPEEA director Bob Brewer? Is it IAM or SPEEA general counsel? Is it our lead attorney Arlus Stephens? Is it our local attorney Tom Hammond? And, if it is one of the attorneys, remember an attorney is responsible to his “client” and takes instructions from the “client”. So, who is the ultimate “client” of the attorneys who gives them their marching instructions? We know it is not any of the Class Members. Is it Rooney, Brewer, another higher up IAM or SPEEA union official or counsel? Is it one or more of the Named Plaintiffs (our “Class Representatives”)? WE NEED TO BE TOLD THIS INFORMATION, otherwise there is not full disclosure. We need to see if there are Conflicts of Interest (in addition to the conflicts of interest the unions and attorneys may have). We know the judge is not giving the day-to-day directions of how Gilardi is to pay out our money.
There should be an Independent Audit of the Settlement Fund to determine:
1. Are the funds still there?
2. Is the Settlement Agreement being followed regarding how the funds are disbursed.
3. Disclosure of the formulas used to determine each Class Member’s share?
4. Are there any suspicious disbursements or charges to the Fund?
5. Are the rules being changed as we go along to allow payouts which were previously not allowed?
6. Exactly how are the attorneys’ fees being disbursed to the attorneys and how much to which attorneys?
7. What is the mechanism by which the attorneys are kicking back the fees the unions paid them? Who are these checks made payable to? In what amounts?
8. Who authorizes the payments–Who signs the checks?
9. After all the money is paid out, does it add up to $90 million, or did a couple of million go missing?
I think we do need an audit done ,somethings not quite right here, whole deal stinks of wrong.
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I think they are still sitting on a lot of our money,can’t let then think things are all good since they sent us some crumbs.
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Knock knock
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Going on vacation after I buy my new car for cash.
Got some money in my pocket so nothing matters anymore.
When it is gone I will cry about how unfair I been treated.
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Hate to sound nasty but the first thing that came to me after reading the last comment was…. ALL ABOUT ME. Hope you have a great time. Don’t forget the Lords share!!!
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I am agnostic and greedy not to mention self centered.
When do I get another check?
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Someone said the end of the year.
Maybe that’s the interest check.
You can make a down payment on a new big screen TV you worthless s.o.b.
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Hate the sins but love the sinners.
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If you all look at the check stub from the checks we all got. It States we all will receive the residual & interest by the end of this year 2016.
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You are both right.
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In #4 of the frequently asked questions on the Gilardi website it states “the residual checks are tentatively scheduled to be sent in the new year”. I assume they mean 2017.
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What about the interest?
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I think everyone lost interest.
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You said it right lost interest in this company crap go Airbus
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Keep in mind that those FAQs were posted in 2015.
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Money, money, money, that’s all anybody cares about. If someone got away with what is or was not suppose to be theirs, that is on their soul. God help them. If I get cheated that is the way of the world. Jesus said I’m not of this world. My soul cries out for peace. I will not find it here. I will only find it in the solitude of my mind when I pray and think of him.
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AMEN, SO TRUE, WE WONT FIND EVERLASTING PEACE UNTIL OUR LORD AND SAVIOR RETURNS TO THIS EARTH TO SET UP HIS KINGDOM.
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AMEN AND AMEN
Thank you my brother or sister in Christ! You said a mouthful!
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God is the only way to go, money is the root of all evel. Because a fool & his money will soon part.
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Actually, it’s the love of money.
So when does church let out?
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Church let out but the love for all human kind should never let out. Religion leaves you dry like the desert sand but faith in God refreshes the soul.
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Many praises to Yahweh.
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Blessed be the goddess.
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No checks until next year sometime.
Check stub in error.
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Why in the world would they have printed a check stub with that information on it after all the bull that has gone on. Where did you get this information from, don’t believe it for a minute. Look at the tax implications.
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Testing.
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What makes you think they give a crap about the tax implications for us? They could care less. The information is posted on the Gilardi website in the frequently asked questions (read the answer to #4).
4. WHEN WILL THE SETTLEMENT FUNDS BE DISTRIBUTED?
We anticipate the “pension” distribution checks will be mailed out to Class Members by the end of July, 2016. The “residual” checks are tentatively scheduled to be sent in the New Year.
See it for yourself (link below):
http://www.wichitaretirementclasssettlement.info/frequently-asked-questions.aspx
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Agreed.
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That was posted in 2015, so the “New Year” should be 2016.
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When were they ever on target in the past?
I wouldn’t expect anything to be different now.
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Reply today from a Claims Administrator: We expect the residual checks for the Pension Portion of BWICH to go out by the end of 2016, as per the check letter.
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Key word is expect.
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Yep. Aren’t words wonderful? By saying they “expect” it to happen, they aren’t promising anything and are allowing for unexpected issues. They won’t know the final amount to be distributed until all medical claims are resolved. If one (or more) happens to get hung up, it could delay the residual checks. In that case, they haven’t lied.
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Exactly!!
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Right on.
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Anybody have any more definitive information on when the residual checks are “expected” to be distributed (end of November, end of December, end of 2025)?
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If we could foresee the future, we probably wouldn’t be here. 🙂 You might send them a note and ask. They responded quickly when I emailed them. However, unless the checks are ready now, I doubt they will narrow it down any more. They can’t see the future either. They may be closing out some final medical claims or waiting for claimants to respond to a request for more information. Seems the deadline for initial filing of medical claim was in September, but those who didn’t send complete information may be holding up the process. Hopefully, Gilardi has drawn a line in the sand, even if they aren’t willing to share that deadline.
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Just an observation while attending the union sponsored activities at the All Sports this last Sunday.
The people who took part in organizing the event seemed very positive and hopeful that it would put a positive light on the union.
I also heard a lot of people expressing a great deal of mistrust wondering what is coming next or how are WE going to pay for this?
Many are expecting our dues to go up.
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Yes indeed.
There is a divide.
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How about that big settlement check.
Twenty big bucks.
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???????.
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What twenty bucks on what settlement?
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Pension plan.
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I got $87.00 on the 401K settlement didn’t even no I was in it, Well I Thank God for what I have received he knows what I need . I sure don’t want to complain an he take it quickly. THANK YOU JESUS
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8.00
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Rumor Mill Churning…….Spirit AeroSystems has been sold to GE…….Transition will happen in Jan 2017…….
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Another retirement screwing in the making no doubt.
If true.
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How about them Chiefs?
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RACIST
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KG fans are not racist.
Your an idiot.
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KC
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Any word on a retirement offer this year end? Anyone heard?
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I’ve heard rumors only……..
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KG fans are not racist.
Your an idiot.
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KC
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About the same as the last one.
Don’t. Expect much.
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I heard they had X-dollars set aside for early outs and the pool is dry. 😦
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Sounds about right.
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Check coming soon?
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Chiefs looking good.
How that Chargers game? Awsome.
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Rumor Control………a Golden Hand Shake…….5 yrs on your age / 5 yrs on your pension
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That’s a pension buy out. Correct?
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5 yrs on your service is what was shared with me……Boeing did one back in mid nineties…..
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That’s five years added to your service……..
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What about medical?
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if your age + 5 is 62 or more….you’re in……you pay what any active employee pays……again this is a rumor only…….
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I just heard a different version. Age + 5 = 62 or more and 5 years of insurance. But no word on when the 5 years of insurance of would start. My lucky, 4 years ago.
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The 5 yrs to carry you to Medicare?
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Trump wins over HRC……Cubs win World Series……..What’s next?
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Maybe those are good omens.
Perhaps the Clinton criminal empire will fall.
Maybe the country will be in the hands of the forgotten and out of the hands of criminals and traitors at least for awhile.
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The union endorsed Hillery and the membership voted Trump.
It’s a good to know people can no longer be lead around like sheep.
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A check I hope.
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I asked Gilardi when we can expect the residual checks and what the hold-up is. They responded that there is no hold-up, the funds are ready for disbursement, but that a specific date is not yet known. They still intend to send before the end of 2016.
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Voluntary Early Retirement Offer 2017 edition for Salary thru Execs coming for Christmas……..
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Just heard Spirit is offering one year salary plus 10,000 if you take early retirement before January 3.
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Does not include persons under the IAM.
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NEITHER DID THE LAST ONE EARLIER THIS YEAR, FOR THE FIRST COUPLE OF WEEKS, THEN IT BECAME FOR EVERYONE. BOEING TOLD SPIRIT IT HAD TO GET ITS COST DOWN, SO SPIRIT CANT HAVE A LAYOFF, THEY WOULD HAVE TO GET RID OF THE YOUNG WORKERS AT $15.00 DOLLARS AN HOUR THAT THEY JUST HIRED. SO THEY WILL HAVE A BUYOUT TO GET THE OLDER WORKERS OUT, THEN HIRE MORE NEW $15.00 DOLLAR AN HOUR EMPLOYEES TO REPLACE THEM. ALL THEY WERE WAITING FOR WAS TO GET THE LAST GROUP OF RETIREE’S OUT OF HERE SO THEY COULD UP THE OFFER A BIT TO TRY TO GET THE REST OF US OUT OF HERE. SO IT WONT BE VERY LONG THEN YOU CAN DECIDE TO LEAVE OR STAY, GOOD LUCK WITH YOUR DECISION.
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How much will the interest check be?
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buck fifty
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Meet the new D.A.
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No check today, hey,hey no
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The buy out this year sucks. Must be 64 years and younger and no gap insurance with it. One years salary plus $10,000. Not many people bitting this year. Dumb people.
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who is this for?
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ONLY SALARY HAS BEEN OFFERED SO FAR, I CALLED PERSONELL AND THEY SAID HOURLY IS NOT BEING OFFERED AT THIS TIME, BUT WILL BE GLADD TO LET US KNOW IF THEY DECIDE TO.
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Great, just Great, I will be 65 in 7 days and i am hourly, oh well I will get even , I will show them, I will just stay until i am 90 now, that will teach them to mess with old people.
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Why are you still dealing with that daily MISERY?
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OH WELL IAM 65 TODAY, SO I WILL BE OUT OF HERE SOON.
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Check check check
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Cola cola cola no check check check.
Don” t be looking or counting on that.
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Why can’t we get an update on the residual checks? Why does everything have to be such a big secret? We were told on our check stubs that we would receive the proceeds from the residual checks by the end of the year. It is the end of the year!! I understand there are delays, etc. but why is it so hard to just provide an update!!!!
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Someone called and got an update. Anticipate the before the end of the year.
A couple of weeks to go.
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January’s mail.
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January’s mail is the most likely scenario.
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Sent Tom Hammond an e-mail 2 weeks ago. Got a reply. Checks are to be sent out this month 122/2016. More than likely they will be sent out 12/31/2016 and receive 1st week of 1/2017. That’s if you want to believe anything these fine folks that have been in charge of this cluster screw from the start.
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Was that 12/02/2016?
If so we would have them by now.
12/31 is the most likely senerio.
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What year?
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Any one heard anything on any STIP payout?
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What’s that?
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Performance Bonus
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I thought there was a website you could go to that explains all that.
I will look on Monday but I am sure I read that somewhere. E-mail I think.
I heard there was a COLA coming in the next paycheck but nothing about any performance bonus.
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Not sure where but it’s in the contract. Payout if there is one is January Feburary time frame 2017 for year 2016
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Sec..5.6…. Page 21
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I got a letter from SSN and I will be penalized next year because of the check we got for this settlement as they are sawing it’s wages. So after first of year I am taking my first letter which says “Retirement Settlement” and get this off my wages for 2016 so you think they will agree with me. If you are below 66 years old and your 2016 earnings limit for all year was $15,720. So my check put me over the top. I will fight this completely. They will deduct $1. from your benefits in 2017 for each $2.00 you earn over $15,720. so I am going to be in trouble. Also my early retirement bonus is going to put me over. I will prove to them it’s not wages also. Wages is when you put your time in not bonuses. I hope I win.
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Good luck.
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From Administrator……12/19/17
We have finished processing the residual checks. That distribution should be mailed out this week or next week.
Thank you and Happy Holidays!
Sincerely,
Claims Administrator,
Gilardi & Co.
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12/19/2016…….my mistake
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That is great news.
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I called today and was told the checks will be mailed this month.
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how much money is left and how many people is it shared by? And is it equally split or is there some kind of formula again?
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Equally divided
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Merry Christmas.
Happy New year.
God bless you all.
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That is refreshing. From happy holidays to merry Christmas.
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No check today.
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Checks will be mailed, Not received mailed December 30 2016. Should receive first week of January 2017.
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How much? Anyone know?
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Zzz zzz.
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Ditto on December 30th mailing. Received email from Gilardi last evening stating checks will be mailed on December 30th at 12:30 pm. Nothing on taxes and states that amount unknown. I hope that these checks are dated 2017 so they will be on next years taxes.
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Nope they will be dated 12/30/2016. There is also to be a W2 coming with the checks that shows both amounts. August & December 2016. I am just guessing but the amount of this check could be some where around $5200 after all tax removed from it.
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Anyone between 62 and 66 that have started their SSN will be penized due to this settlement. I am going to fight mine at SS office as this is not wages. I will let you know what I find out.
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You are not correct read your letter that came with the first settlement check from the settlement administrator.
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Happy New year.
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