Central States Backs New Pension Proposal

James Hoffa and Ken Hall are publicly at odds as the IBT and the Central States Pension Fund are lining up behind competing proposals to address the Teamster pension crisis. 

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Just days ago, the International Union unveiled a pension legislation proposal, which was touted in the media by IBT Vice President John Murphy, Hoffa’s point man on the pension crisis.

But yesterday General Secretary-Treasurer Ken Hall told a major meeting of Teamster local officers that the Hoffa-Murphy plan “is not going to work,” and that he supports legislation that is being promoted by UPS with support of the Central States Fund.

The pension blockbuster and Hoffa-Hall split occurred on June 1 at a major meeting of Teamster local officers from the Central and Southern regions in Chicago, where Central States Director Thomas Nyhan briefed officers on the proposal which would cut current and future pensions by 20%, and secure a long-term funding stream for pension payments.

Under the proposal, the federal government would provide a multi-billion dollar loan to Central States (and other troubled plans) at a low interest rate of one percent.

The loan would allow Central States to stabilize and rebuild its assets over time, with benefits paid out from the loan.

The proposal, which would need approval by Congress, was originally put forward by UPS. The federal government currently has over $1.1 trillion in outstanding loans to private entities.

Nyhan reported that Central States has run the numbers and concluded that Hoffa’s pension plan would not work, and that the proposal put forward by UPS could work.

Three years into the pension crisis, the Hoffa-Hall administration is in chaos, with Hoffa promoting one plan and Hall openly criticizing it and promoting another.

Not a single Teamster official at the Central States meeting spoke in defense of the IBT’s plan.

Fred Zuckerman told the meeting that time is running out and that a plan is needed that will save Teamster retirement benefits and the pension funds.

Zuckerman said he would support a fair plan, but that Teamster officers, members and retirees needed to see the details to be able to evaluate if the proposal would work and how it would affect members and retirees and the fund. 

In a statement released today, Zuckerman said:

“Four hundred thousand Teamsters in the Central States are at risk of losing their pensions and tens of thousands of Teamsters in other funds face the threat of pension cuts. The clock is ticking to find solutions to the pension crisis and at this critical hour the Hoffa-Hall administration is at odds and in disarray,” Zuckerman said.

“This is worse than weak leadership. It is a betrayal on one of the most profound crises facing Teamster members, retirees and their families, said Zuckerman.”

“Teamsters and retirees have the right to the details about proposed plans to address the pension crisis,” Zuckerman said. “The pension crisis needs a solution and we will support a viable solution.”

Pension advocates -- including TDU, the National United Committee to Protect Pensions, the Pension Rights Center, the AARP and others – are backing the Keep Our Pension Promises Act (KOPPA) as the best solution, which protect all earned pensions.

We realize compromise will likely be required to get a solution, but we start from the point of defending hard-earned pensions. 


Showing 53 reactions

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  • commented 2017-11-02 10:24:24 -0400
    202-224-3121, who ever answers give them your zip code so they will connect you to your Senator’s office and their staff. Tell them you want the """"Brown Bill""" have family, neighbors, friends call multiple times. “If you don’t do anything, expect nothing”
  • commented 2017-11-02 10:20:20 -0400
    As in the past, we need everyone to be calling their legislators, telling them we need a solution this year, before it is too late. """CALL The number for the CAPITAL HOTLINE is 202-224-3121.
    Now comes the other thing I need to ask you for. Some of you have already joined the NUCPP, and I thank you for that. For those that haven’t, I would ask that you consider joining, as the NUCPP is what it is going to take to finish this nightmare. At $10,000 a month, we need to have the lobbyist in place for November and possibly December, to compete with the 20 lobbyist that UPS has on the Hill everyday promoting their plan that will cut everyone’s pension by 20%. >>>>>>>The Senator Brown Bill has 0% cuts. <<<<<<<<<
    Membership in the NUCPP is only $60.00, which considering how much we have saved since the Treasury denied the CSPF application in May, 2016, is not very much. For most of us, $60 is less than one month’s reduction of what the UPS Plan would be. But we need to do this now! I ca
  • commented 2017-11-01 01:37:22 -0400
    I have not heard of the browns bill only ups.i think we all should be made whole.we worked and paid into the pension fund and we had contracts to protect us.
  • commented 2017-10-31 07:51:47 -0400
    Doug: contact your congressman and reps to have them vote for the Browns bill, it will make you whole again…The ups bill wants to cut you 20%.. Browns bill NO cuts
  • commented 2017-10-31 07:48:37 -0400
    David Thayer:
    what plan are you talking about? The ups or browns bill? The browns bill will make you whole again, ups bill will take 20 %. Which is the better deal????
  • commented 2017-10-30 23:41:29 -0400
    I know doug i worked and paid into the fund too i have about 2 months before i have to file bankruptcy because of the thieves with the teamsters.my pension has already been cut 20 years of bullshit at ups only to have my money stolen.i dont understand why no one has gone to prison.
  • commented 2017-10-30 22:17:41 -0400
    I have invested in central states for37years ,I don’t want a reduction in my money. I’ll have to sell some of my belongings,,I thought I could enjoy my retired life.but now I’m going to suffer because some selfish criminals !!
  • commented 2017-10-30 16:00:40 -0400
    I think this is all bullshit.even if the teamsters get the loan they have no intentions of returning those of us that pensions were already cut back to what they were.this would only benefit those that have not had thier pensions cut.while we in the northeast loose all the money that we were forced to pay into the pension fund.we already did the work for ups .freezing in the winter dying of the heat in the summer never having diner with our families being out ungodly hours during chritmas instead of being with our families.this is money that is owed to us for doing that work.its like we did all that work for free and put up with ups and their bullshit while hoffa and his buddies helped themselves to our money.unless our pensions are returned to normal status i could care less about any loans.i just hope someday hoffa pays the price for what he has done to us.
  • commented 2017-10-30 15:44:47 -0400
    That’s bullshit why would ups want to help retired people I hope the teamsters are happy they took money from retired people pensions that sucks we worked for that this is really bullshit fucking assholes
  • commented 2017-10-30 15:16:39 -0400
    I am a retired member of the Teamsters. I have been involved in this fight since before we went to Washington DC to picket there. I have not worked for UPS. My Dad was a Teamster also retired. I’ve been a Teamster most of my working life too. In all those decades of being involved with organized labor….NOT ONCE did ANY Corporation DO ANYTHING that didn’t benefit them FIRST. My Dad has been on strike, I’ve been on strike and NEVER did the companies even tell the whole truth in any contract negotiations!!! So what kind of ignorance now makes anyone believe that UPS has now come up with something to help the Union Members/Retirees????
    They only care about Profit margins and keeping stockholders happy!!!!
  • commented 2017-10-24 12:33:26 -0400
    I don’t think people that have retired and paid their dues for 25-30-40 yrs. should have to take a cut they did everything they were suppose to do and planed on their retirement. They could make changes with current employees and the people now working would have time to plan for a smaller retirement amount. People that Are retired now had no time to plan for what has happened.
  • commented 2017-10-24 12:23:36 -0400
    Indigo47@comcast.net
  • commented 2017-10-06 23:30:37 -0400
    I always knew hoffa and his trustees were looting our money.all i know is its deferred compensation for the hard and miserable work i did for ups and someone owes me what i earned and they sent to the teamsters.hoffa should be in prison like his father nothing more than a common thief.we in upstate deserve to have our pensions returned to the pervious levels or give us back the money we paid in less what we already recieved.obama was a master thief too by giving hoffa what he wanted.the abolishment of erisa.these pricks should not be allowed to set their own salaries or raises and bonuses with out the members voting on it.its our money that pays these scum to steal from us.if the central states gets help so they take no cuts then we in upstate should get our pensions returned.i cant live on 741.00 a month it cost me 237.00 a month for health insurance with united health care which leaves nothing for food and bills.i did not work and put up with ups so hoffa could live the good life.and everytime someone is caught stealing or embezzling hoffa dismisses the charges.i also find it hard to beleive 21 thousand people didnt vote.regardless tom baum never should of represented us.he did shit for us and helped the union.i hope the day comes soon that hoffa and his trustees thieves are sent to prison.
  • commented 2017-10-06 20:18:14 -0400
    In 2010 these thieves and their bought and paid for politicians,such as Earl Pomeroy tried to get the feds to give them money so they could cover for the mismanagement and looting of our funds. (Casey and Pomeroy bills)They also wanted to continue to pay themselves huge salaries,perks,hold fund meetings in exotic locations and continue to loot our funds and divert millions to fiance scams and make high risk alternative investments. That effort failed so they went to plan B. The UNIONS/NCCMP spent 2011-2013 writing Solutions not Bailouts which Kline and Pomeory declared IS MPRA.To say the demise of our funds is wall street and not these thieves is pure BS. Wall street did not loot our funds or write and fiance the inclusion of MPRA. The Union/NCCMP International rats leaders did including Hoffa.In the mean time Borzi,Pomeroy,Perlin attended meeting after meeting with the AEIP,MEBCO,The NCCMP.Pomeroy and UPS (Allston and Byrd) conspiring to tank defined benefit plans in favor of Defined Contribution. This is documented FACT yet those covering for Hoffa and Nyhan have proclaimed it “conspiracy theory” and “shit on the Internet”’The World Pension Alliance (WPA) that includes the American Benefits Council, Association of Superannuation Funds of Australia, European Association of Parametria Institutions (AEIP), International Federation of Pension Funds Administrators (FIAP), Multi- employer Benefit Council of Canada (MEBCO), National Conference on Public Employees Retirement Systems (NCPERS), National Coordinating Committee for Multiemployer Pension Plans (NCCMP) and Pensions Europe is the driving force behind this devastation to American Retirees. The Benefit cuts(MPRA) to Evergreen Plans to Composite Pans to Target Benefit Plans agenda is the agenda of these people which includes EBSA Borzi,PGBC Gautbaum and Earl Pomeroy. Missing was wall street.Retirees must be made whole but any money whether it be straight up cash or bailout or loans must include the removal and trial of the thieves. You cannot leave them in place and give the rat bastards a single dime.We are working our ass off to stop cuts when the rats at the NCCMP/Unions and those listed above are still on the attack and we have done nothing to stop them.This attack will never stop and this will be a running battle as the NCCMP and those like them hit retirees with one BS piece of legislation after another. We have not even begun to address the behind the scenes agenda to tank Defined Benefit plans by very powerful thieves.
  • commented 2017-10-06 19:03:14 -0400
    David: That is talk of the UPS plan, it was a set-up, the meeting was set to talk about 3 different plans (1) ups plan (2) Senators Brown’s new bill (3) composite bill. As I understand it CSPF, Zuckerman, Ken Hall, and Thomas Nyhan is for the UPS plan, I personally Am not. I believe it was Ken Hall that took over and stolen the meeting,, that he asked for a motion to vote for the UPS bill and it was seconded by someone. The other 2 plans were not even discussed and it also states in the above article that it would have to be approved by Congress. (1) UPS bill is where they borrow money 4 different times with 5 year pay backs AND cut wages 20%. (2) Brown’s bill would put money in ALL pension plans that are insolvent and you would go back to your regular monthly pay. This would be done by selling 30 year bonds with borrowed money for start up and to be paid back in 30 years at 1% WITHOUT a cut. (3) Composite plan I am not to sure what that one is because CSPF and others would not be eligible for it due to certain criteria. The committee that I am with always had other pension plans and the active workers in mind. I would like to see The Brown’s bill AND KOPPA pass, that’s just my thoughts. Everybody else can decide on their own. I wish ALL retirees and active workers the best of luck..
  • commented 2017-10-06 02:27:04 -0400
    Its in the paragraph above it clearly says 400 thousand central states teamsters.they are going to get a bail out but not a word is said anything about the 35 thousand in the northeast that had our pensions cut oct 1 2017.it seems like the only ones whos pensions are going to be saved is the central states.this is the reason why i think we should get an attorney.i worked just as hard as they did and paid the same amount into the fund.this was deferred compensation and someone owes me what i worked for.i did not work for that shit company UPS for free.that prick hoffa rushed to cut our pensions he used our money to lobby to get erisa abolished.then he called in his favors for donating millions of dollars of our money to get that asshole obama elected .but you never say what the bailout will do for us.its as if all your concerned with is the central states.
  • commented 2017-10-06 01:38:58 -0400
    Richard: What should the retirees be doing?
    David: who mentioned “400 thousand”??
  • commented 2017-10-05 15:50:32 -0400
    Why is it you only mention 400 thousand teamsters in the central states.we in the northeast is inly 35 thousand and we are just as important.and we already had our pensions cut.i want to know just what this proposal will do for us.will we get our cut pensions returned to us or will they stay tha same.becausecthe only thing you talk about is the central states.
  • commented 2017-10-05 07:30:11 -0400
    Mr Berabri who and what I am is not your concern.I am a retiree who will tell you one last time.The NUCPP do not speak for or represent me and you are not fighting for me.You are following your own agenda and making your own decisions without consulting ANYBODY but your group. So you represent only YOU and the NUCPP. We got into this mess by people claiming to represent us and expressing the need to think for us.From one of those people who"do not have a clue" I am amused that YOU think your qualified to educate anybody. I would appreciate that you STOP the NUCPP claim to be representing all retirees .You certainly do not.I have been exposing this coming crisis long before you and your self proclaim messiahs came along and to honest you could not carry my books. To your NUCPP pals claims that “Those people dont have a clue” May I say to the NUCPP. The NUCPP (National United Committee to Protect Pensions) are pompous windbags who are pursuing their own agenda and declaring anybody who refuses to follow their agenda wrong. They have become just as bad as Hoffa or Nyhan and have planted their lips firmly to Hoffa and Nyhans ass. BY their arrogant “our way or no way” and we are smarter and “those people dont have a clue”BS they have splinted a once United effort and their hijacking of the hands off logo was pure BS.
  • commented 2017-10-05 03:57:25 -0400
    Richard:::The group is nation wide, are you a member of any group that is trying to help? Are you an UPS retiree?
  • commented 2017-10-05 03:51:14 -0400
    The NUCPP (National United Committee to Protect Pensions) is dedicated to inform all concerned parties about pension protection. Our goal is to educate ALL groups and organizations interested in learning how to protect and preserve pension funds. We encourage every member of any multiemployer pension fund to join in our efforts to create public awareness regarding previous, current and possible pension problems. We are determined to ensure that all options are publicly explored and acknowledged, prior to any implemented pension cuts.
    Pensions At Risk
    State Employee Pensions
    90%
    City Employee Pensions
    60%
    Trucking Industry Pensions
    80%
    Coal Miners Pensions
  • commented 2017-10-05 03:50:46 -0400
    So i guess that means we will not go back to our regular pensions because they will use the excuse that since our pensions were cut we are no longer in trouble.i know how these thieves minds work.but i guarantee you hoffa will take the money but not return our pensions to what they were before the cuts.i didnt work at that slave job for 20 years to only get 741.00 a month to live on.i paid close to 400 thousand into my pension thats deffered compensation i earned it and i want my money .this is plain theft a lawyer for us should be hired to sue ups and the teamsters.
  • commented 2017-10-04 13:29:14 -0400
    Also Mr Berbari. Thank you but I am a retiree who had his fund robbed long before MPRA and you and the NUCPP do not speak for or represent me and you are not fighting for me.You are following your own agenda and making your own decisions without consulting ANYBODY but your group. So you represent only YOU and the NUCPP. We got into this mess by people claiming to represent us and expressing the need to think for us.From one of those people who"do not have a clue"
  • commented 2017-10-04 13:24:58 -0400
    I am all for saving our retirees but how can the feds give these funds any money without a demand to remove the rats who looted them. Hoffa, Nyhan and the rest of the thieving rats who comprise the NCCMP go our I am opposed to any money handed over so these rats bastards can steal more.Wall Street and the Feds DID not rob and ARE not still robbing our funds our own Unions are the culprits. Now the dirt bags who did wrote and financed MPRA to rob retirees and cover their looting are to be handed loans and will now get the Fed money they failed to get in 2010.BS!!!!
  • commented 2017-10-04 13:09:11 -0400
    My understanding is that this will help ALL pension funds that are in trouble. The group I am with NOCPP and NUCPP have been fighting for all pension funds.
  • commented 2017-10-04 02:39:35 -0400
    What about us retirees in the northeast such as new york.i paid into my pension for 20 years at ups.and my pension was cut this past saturday from 1045.00 amonth to 741.00 a month.i would of gotten more but i opted for the pop up.now thats gone i could of had all that extra money if i knew my pension was going to be cut i never would of did the pop up.but now what happens to us who already had our pensions cut.will we go back to recieving what we did before the cut or will we be left out to dry.i dont trust the teamsters in any way shape or form.they are crooks and thieves.and why isnt hoffa or the trustees taking any cuts why should they go un punished for causing this mess by spending money that wasnt theirs.and giving millions to political campaigns .that money was ours not his to donate.bottom line is if this pension help goes through will we that had cuts. Already go back to being paid what was promised us.
  • commented 2017-10-04 02:26:29 -0400
    David:The plan Senator Brown has coming out is different from the USP/Central States plan. The UPS plan is to borrow money 4 times for 5 year increments from the Govt @1% and the retirees take a 20% cut. UPS states will be able to pay loans back…..Senator Brown’s is not a bailout, it’s selling 30 year bonds, start out borrowing money @ 1% to be paid back in 30years. The retirees will be paid by the Treasure Dept., not Central States… For the active workers they will have money waiting for them with Central States because the money Central States have they get to keep the $15 Billion to build on for the active workers. Right now I believe it’s the best thing so far. NOT a bailout, present retirees get to keep 100% of their money and active workers will have a pension waiting for them. Is there anything better???? Sure not UPS.
  • commented 2017-10-03 22:45:49 -0400
    Will this so called bailout return our pensions to what they were and what is this 20% that you mentioned other teamsters having to take we had to take 29%. Why is it we are the only ones that they made take cuts.out of the 741.00 i got saturday im already left with only 319.00 still have food and electric to pay.this is bullshit. i want and deserve what i worked for.the government should put hoffa in prison.he is nothing but a piece of shit.i wish i could piss on his grave.
  • commented 2017-10-03 18:08:43 -0400
    They will not give money to the pension funds, there will be a new office in the treasure and our checks will come from them. The active workers will get their money from the pension funds when it comes time for them to retire.
  • commented 2017-10-03 11:36:22 -0400
    The way i see it the teamsters always referred to our pensions the mone ups took out of our pay the we never seen as deferred compensation.so as i see it ups owes us the money we worked for.we earned that money broke our backs our knees our joints our marriages because we were never home .we were out delivering their junk.i think it would be a good idea if we talked to a lawyer and keep tom baum out of it.because he sure didnt help us at all.ups will have to get the money back from the teamsters that we earned.they cant just keep money that we worked for and earned.because the way it looks now .we in upstate will be the only ones taking cuts.ups is bailing everyone out so they wont have to take cuts .but when it came to us hoffa refused the offer.i cant live on 741.00 a month with no health insurance.it cant hurt to talk to a lawyer and let these thieves keep our money.
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