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KPFA: The Truth About The Pension Payments
Way too much misinformation out there.
The 403B payments were paid somewhere between a few days and a month late on several occasions since 2005. The pension specialists hired by the board to work with national staff to identify all late payments and file correction paperwork with theIRS are in the process of completing the comprehensive correction, which will pay penalty fees and compensate employees for interest at the IRS-mandated rate of 3.2% annually. (This adds up to about about 1 cent for every working day a $100 deposit was delayed). The fee for the pension specialist is anticipated to be less than $5,000.
Paying the 403B deposits a few days late when other bills were pressing was apparently a long-standing tradition at Pacifica. The early reports are that late payments were identified in 2005, 2006, 2007, and 2008 (as well as the past two years) under a different CEO (Lonnie Hicks) and 4 different executive directors including Nicole Sawaya, Greg Guma and Save KPFA'ers Sherry Gendelman and Dan Siegel, neither of whom seems to be aware of the late payments that occurred on their watch nor have done anything to correct them at the time.
I can't really imagine the Labor Relations Board would take any action with a correction in process, as that is the remedy for employers that are late with payments. All payments are now current and have been for months.
Save KPFA-affiliated folks have already filed 5 complaints with the Labor Relations Board that have been dismissed (one still being appealed). This looks to be a 6th.
Sincerely,
Tracy Rosenberg
Treasurer, Pacifica National Board
KPFA Listener Representative
Paying the 403B deposits a few days late when other bills were pressing was apparently a long-standing tradition at Pacifica. The early reports are that late payments were identified in 2005, 2006, 2007, and 2008 (as well as the past two years) under a different CEO (Lonnie Hicks) and 4 different executive directors including Nicole Sawaya, Greg Guma and Save KPFA'ers Sherry Gendelman and Dan Siegel, neither of whom seems to be aware of the late payments that occurred on their watch nor have done anything to correct them at the time.
I can't really imagine the Labor Relations Board would take any action with a correction in process, as that is the remedy for employers that are late with payments. All payments are now current and have been for months.
Save KPFA-affiliated folks have already filed 5 complaints with the Labor Relations Board that have been dismissed (one still being appealed). This looks to be a 6th.
Sincerely,
Tracy Rosenberg
Treasurer, Pacifica National Board
KPFA Listener Representative
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IMC Network
http://www.kpfaworker.org/2011/12/16/pacifica-spins-pension-misappropriation-hires-yet-another-law-firm/
And this financial scandal comes to light just as Pacifica treasurer Rosenberg faces a recall vote from KPFA's listeners, for several other scandals:
http://www.savekpfa.org/kpfa-listeners-look-for-your-ballot-by-december-30
Simple logic indicates it doesn't have a damn thing to do with Tracy. It was happening before she was on the board. For years and years and years.
Try again, Save KPFA.
Pacifica treasurer Tracy Rosenberg has been the principal defender of the current regime at Pacifica, the corporation that owns KPFA. With Rosenberg’s support, that regime has declared war on KPFA’s listeners and workers. It has:
■purged KPFA’s biggest fundraiser and most listened-to local program (The Morning Show), causing morning pledges to drop by more than half and putting the station’s fragile finances at risk
■conducted illegal, retaliatory layoffs
■wasted more than $80,000 of listener money on an anti-union law firm
■diverted workers’ retirement contributions for other purposes
■slapped gag rules on KPFA’s staff
■illegally barred KPFA’s elected representatives from taking their seats on Pacifica’s Board.
"Under Pacifica’s bylaws, KPFA listeners may vote to recall only representatives to the KPFA Local Station Board. Other Pacifica board members would have to be recalled by their local listeners. The four KPFA local delegates who sit on the Pacifica National Board (PNB) are Laura Prives, Dan Siegel, Andrea Turner and Tracy Rosenberg. Rosenberg is the only KPFA delegate to the PNB who has supported Pacifica’s autocratic actions against KPFA listeners and staff. Arlene Engelhardt is not an elected representative, she is an employee hired and overseen by the Pacifica National Board. We have to change that board in order to remove her."
Rosenberg hasn't done anything wrong at all. Her position of general support for Pacifica is the majority opinion on the National Board, although it is in a slight minority (14-10) on the local board at KPFA. This is an attempt at tyranny of the majority and to wipe out dissenting points of view by riling up the voters with ridiculous charges and allegations of wrongdoing.
As Save KPFA admits themselves.
Throw that stuff in the garbage and vote no whenever a ballot arrives. It's the only sane thing to do.