Cute Sayings For Candy

CRAIPI ASSEMBLY: A PARTIAL RENEWAL Text

So many hopes with the renewal of the Bodies of the Fund: Board of Directors and Board of Auditors. But in fact it must still street.
First of all no-show, the New Four directors of the corporation. " From mid-September to November, we waited all this time that the Company could decide, acting on the recommendations of COVIP. But no names. And that says a lot on the interest of RAI in wanting to contribute to good management of the Fund. Yet
of months have passed since the election of 40 delegates' meeting (with reference to trade unions) of the frieze of which I belong. A guilty
irresponsibility of the company that actually causes a paralysis of the complete renewal of the Board of CRAIPI. But we

Assembly held today in the famous Hall of Tapestries Viale Mazzini at Rome. Assembly a "registered" in video and voice that we were not informed in advance of the registration of which formally request an explanation and, eventually, destruction.

One of the key issues on the agenda covered the renewal of the offices of the unions: 4 directors and 2 auditors.
The vote was duly recorded in the presence of 37 delegates (of which 3 with responsibility for the absent and for which, formally, a total of 40 votes). The results were as follows:

For the Council Directors of candidates

ADVISERS unions ----------- ---------- Number of votes
DeSario Annalisa SLC-CGIL ----------------- ------------------ ----- 9
BARBERA Eugenio -------------------- 8 ------------ Snater
Tackett Ottavio Antonio -------- UILCOM-UIL - -------------- 8 ----------------------
FUSCO Bruno FISTEL-CISL ------- -------- 8
DE Micheli Giuseppe ------------- ------------------- 7
UGL-TCL GAL Gino ---------------------- CONF. SAL. LIBERSIND ----- 0

the first four were elected: Desario, Barbera, Tackett and Fusco.

For the Board of Auditors

AUDITORS candidates unions ------------- ---------------- Number IPPOLITO votes
Carmine ----------------- CONF.SAL. LIBERSIND --------- 17 ASCI
Francesca --------------------- ----------------------- SLC-CGIL 15
right gear UILCOM ---------------------- -------------------- 8-UIL

be elected the first two: Ippoliti and Asci.

Actually, as CGIL, we would have liked a greater effort on the part of some unions and to submit new names. But anyhow: there is a stubborn will of conservatism that I do not know, who can benefit. You can say it all: they have also worked in the best possible way. But after fifteen years it seemed that only Fidel Castro and Gaddafi resisted their seat of "power", historically speaking.
obtorto neck ...
And if the company right now, we're not giving any hand, we hope in the proposals that the delegates of the CGIL put in the submission of motions in the previous assemblies, requiring greater transparency of information in respect of subscribers to the Fund and that gratified to see today in part by reports made by the President of CRAIPI.
In particular:
- each member will receive a quick home a "note" of 8 pages which will be given some information on the overall situation and their personal investment of the supplementary pension (section A, B and C, management and extract Budget, major changes of the Statute, an excerpt the report of the Study Olivieri showing some aspects of the Fund, the "statins" compiled by Previnet with all the "economic numbers" of the member);
- you can get the information of the financial situation as at 30/06/09 of CRAIPI , statement by the same management company Previnet;
- for example have been provided the following information: Budget
CRAIPI to 30/06/09: +2.28%
Asset Management (corresponding to about 123 million Euro): + 4.57%
Mutual Funds (including Bonds): +1.8%
Asset Bond: Number
kept constant advances (in July with payment to October): 642 (equivalent to 11.4 mil €)

Number Redemptions: 154 (with an average of € 50,000 per person)
- ready cash liquidity problems because: from January to June 2009 were 16 joined the millions of Euro 13 million in front pay, on Sept. 19 million against 16 million in charges. Remains a problem the lack of incentive to enter the Fund to obtain fresh resources.
- Situation of members called "silent" (Law 252/05): the quantity in the next Budget statement will be spun off to make it clear.

The financial data provided by the President, are very temporary and bodes well for the trend of year-end. But it would be appropriate to make a comparison with the trend of other pension funds in order to say that all is well.

remains, however, pending the next shareholders' meeting to put on the agenda and the statutory changes included the development of investment processes with notes, at the time not yet satisfactory.
This also and especially with a view to finally consider our fund similar to a supplementary pension fund normal, with no exceptions of any kind (TFR share under warranty, opportunity umbrella, open to users and / or outside investors, and so on. )

In the meantime I would ask all members of workers exercise their voice on the "deafening silence" of the RAI in respect of lack of commitment in bringing forward their directors and auditors. In
Assembly was asked to produce a formal letter of invitation extended by the Directorate General of RAI that by the end of November will be provided the names of corporate bodies of the corporation. Contrary, a further letter will be sent to COVIP to emphasize that non-compliance.
Following this, although the directors and auditors of the unions have been elected, in fact, are "frozen".
course, "in prorogatio", are the old ones. UNFORTUNATELY!

See you soon.

Mauro Zorzan

CRAIPI Officer (RAI Milan)