The Central States Pension Trustees – employer and Teamster – have hit retirees and active Teamsters with the worst possible pension cut proposal.
The Hoffa administration yesterday revealed the tentative agreement for the national carhaul contract, and then held a conference call to lay out the rationale for the proposed concessions.
Join Teamsters and TDU members for three days of education and organizing to rebuild union power, October 23-25 in Cleveland.
Over 170 retires met met at the Independence American Legion Post 21 to prepare themselves for the battle to protect their pensions. The meeting was hosted by the Missouri - Kansas City Committee to Protect Our Pensions. Local 41 (of which most of the retirees are life long members) refused to hold a pension meeting at their hall.
Central States Pension director Thomas Nyhan has called Hoffa’s bluff and announced pension cuts will go on as scheduled. Will Hoffa actually mobilize to stop the worst pension cuts in Teamster history or is this all for show? We will find out in one week on October 2.
It may be a year too late, but General President James Hoffa has written a letter to Central States Pension Fund Director Thomas Nyhan asking that the Fund not file a request with the US Department of Treasury to cut pensions.
The first-quarter 2015 financial report shows assets of $17.7 billion for the Central States Pension Fund. This is down from $17.9 billion at the end of last quarter, but still ahead of where it was seven years ago, after the 2008 crash.