Central States Denied Representation to Retirees

Central States Retirees – 205,000 of them – have been denied representation that is required by law under MPRA. That became crystal clear when the supposed “retiree representative” issued her October 2 blessing to the plan proposed by the fund’s trustees.

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Central States retirees are calling on the Treasury Department to rule that retirees were denied a real representative, as required by law. Treasury has the authority to make regulations regarding the role of a retiree rep.

The appointed retiree rep, Sue Mauren, issued her report -- a two-page letter, to whitewash the fund and Hoffa administration.  She attached a Q & A from actuary Jay Egelberg, whose most important comments detailed what he did not do.  

He was not asked to “scrutinize the fund’s operations.”

He was not asked to review the fund with “the skepticism of a forensic audit.” 

He was not asked to make a “participant-by-participant analysis of a proposed suspension plan.” 

He was not asked to “replicate a fund’s actuary’s valuation.”  

He states each of these is an unrealistic expectation, as they could not be done in 60 days. Sixty days? Mauren was retained in January and this is October!

Mauren’s letter reads like a press release for the plan. Perhaps they wrote it.  She states the “Central States Trustees have been working to save the fund for many years.” She claims there are 5 retirees for each working Teamster, but the true number is 3.4, as the fund itself states in their posted documents. She blames this disastrous ratio on “10,000 Teamster employers” without mentioning the one (1) employer which was allowed to exit the fund that is bigger than all others combined: UPS! She left out that glaring fact because it would implicate her benefactor, the Hoffa administration, in the crimes of the fund. (Was Hoffa ‘working to save the fund” when he let UPS exit? How about his move to let Kroger out, this year?) She states “MPRA is not the legislation any of us wanted.” That’s a lie: the fund’s director Thomas Nyhan was the star witness for the law, and the Teamster-appointed Trustees backed it.

Teamster retirees are calling on the Treasury Department to issue reasonable regulations on the role of a Retiree Representative and eliminate candidates with glaring conflicts of interests. And to require that Central States now appoint a real retiree representative who will take the role seriously, and retain both legal and actuarial firms to fully review, assess and explain all documentation considered for the proposed plan. 


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  • followed this page 2016-10-21 10:12:39 -0400
  • commented 2016-02-20 12:41:27 -0500
    If they are going to go broke in 10 or 15 years why should myself and many others go broke to save them. Leave as is and we all go broke together. After thought go after the companies that are not paying into the fund they r suppose to b paying.
  • commented 2015-10-25 13:43:57 -0400
    Simple Truth: If there is no bailout by taxpayers (KOPPA plan), then cuts will come into effect on July 1, 2016. Because the alternative is to have the fund run out of money in 10-15 years!
  • commented 2015-10-25 11:30:08 -0400
    FELLOW TEAMSTERS ,,,RETIREES ,,, VOTE ,,,REGISTER EVERY FAMILY MEMBER TO VOTE ,, SPEAK OUT ,,,BE HEARD ,,, ELECTED OFFICIALS ,,,DO NOT WANT YOU TO BE A REGISTERED VOTER UNLESS YOU VOTE FOR THEM ,,, WE AS TEAMSTERS ARE THE BIGGEST VOTING BLOCK IN AMERICA ,, CENTRAL STATES PENSIONS TODAY ,, THE REST OF THE UNON PENSIONS TOMORROW ! GO DIRECTLY TO YOUR ELECTED OFFICIALS ,,TELL THEN SAY NO RIGHT NOW ,,,OR TOMORROW "" " YOU "" WILL BE VOTED OUT ! VOTE ,,,VOTE ,,, IF YOU ARE NOT A REGISTERED VOTER YOU HAVE NO SAY IN YOUR OWN FUTURE ! Retiree Yellow Freight 31 years local # 41 KC Mo.
  • commented 2015-10-25 11:16:18 -0400
    WE as AMSERICA’S # 1 Union Need to HOLD OUR ELECTED STATE and FEDERAL REPS . FEET TO THE FIRE ! EVERY TEAMSTER IN NOT ONLY CENTRAL STATES BUT AMERICA NEEDS TO BE A REGISTERED VOTER . SEND THE ELECTED REPRESENTATIVES A MESSAGE ,,,,,,, VOTE WITH US FOR US OR LOOK FOR A NEW JOB ! PROTECT THE CENTRAL STATES FROM POVERTY OR WE WILL VOTE YOU OUT ! THIS ACTION WAS THE DIRECT ACTION FROM OUR ELECTED OFFICIALS ! EVERY TEAMSTER AND TEAMSTER FAMILY MEMBER NEEDS TO BE A REGISTERED VOTER , FLOOD THE EMAIL BOXES WITH YOUR COMMENTS ! SENATOR OR CONGRESSMAN > SAY NO TO PENSION CUTS RIGHT NOW OR WE WILL VOTE YOU OUT TOMORROW . ACTIONS SPEAK LOUDER THAN WORDS ! SPEND 5 MINUTES AND TELL YOUR ELECTED REPS. OR YOU HAVE NO REASON TO COMPLAIN ! retiree 31 years Yellow Freight local # 41 KC Mo
  • commented 2015-10-18 07:37:38 -0400
    Michael Krinjeck commented 20 hours ago · Flag
    I worked as a teamster for 33 years. The proposed Pension cuts would cut my Pension more then half. We can not live on that amount. You should have helped the Teamsters instead of Citi Bank Google " Does anyone have a problem with Citi Bank Or Citi Financial" who is screwing everyone including me. Please do not let these Pension Cuts pass. We did are part Now you do yours.
  • commented 2015-10-10 23:26:39 -0400
    Central States should take accountability for their funds problems. Instead they “blame” the two market downturns, the regulation of the trucking industry and companies leaving the fund without paying liabilities. The TRUTH is that the pension fund was set up WRONG. It should have been set up SOLEY based on the specific amount each individual contributed, NOT on projections of how many people there are contributing for him or her, like some ponzu scheme! Some retirees may have only contributed 100k or less and have already taken out over 300k. Because of the Erisa act of 1974, the retirees benefits could not be changed until now (Dec 2014 legislation). It doesn’t help that Nyhan has a salary of over 650k and that over 23 employees at Central States make over 200k.

    If all of an individuals contributions were put into something as simple as the Vanguard S&P 500 index fund , with an expense ratio of .05%, instead of Central States, that individual would be MUCH better off. Hey, but anyway, the participants provided jobs by paying for ALL of the Central States employees wages, including Nyhan.

    Now cuts are to be made because the alternative is worse. So be it. My point is that Central states should look in the mirror and point the finger at itself, instead of making LAME excuses.

    Tom
  • commented 2015-10-09 22:14:18 -0400
    He was not asked to review the fund with “the skepticism of a forensic audit”.

    Why not??? They must have a lot to hide if they don’t want to open up the books to show where all “our” money went. $6 billion plus that UPS paid to get out of the Pension; who got paid under the table? Anyone?

    Also, what about all the local union reps who retired from the local, thus getting a pension from the local and then go to work higher up in the union. Do they get double pensions?

    They are blaming some of the loss on bad investments; they had a fiduciary duty to us to invest the money wisely, they caused it and they should have some penalties to pay rather than we retirees.

    Bet those union and pension fund big wigs aren’t taking a 50% cut in their pension. In 2013, Tom Nyhan was paid more than $662,000 a year to screw us over.

    They wrecked our health working like dogs out there and we have to go out and get a job when there are no jobs, besides which, we were not allowed to work before.

    THIS IS THE TEAMSTER"S UNION WE ARE TALKING ABOUT HERE. THEY STARTED OUT CROOKS AND THEY STILL ARE.
  • commented 2015-10-09 21:30:58 -0400
    Maybe its time to hit the streets and quit laying back and taking the screwing they(Washington and Teamsters) are giving us while all we are doing is whining!
  • commented 2015-10-08 09:44:53 -0400
    kfeinberg@feinberglawoffices.com This is Kenneth Fienberg’s contact info he is an Atty working with the Treasury Dept. Others have spoken with him and he IS sympathetic to our cause. He want to learn of how this will affect retirees , so send him emails and calls, this is the only contact I have for him at this time but treasury is another possible contact. Tell him how this will ruin our lives…he stated that he won’y even read the Unions proposal until Months from now…SO HERE IS OUR CHANCE…late contact info ..Kenneth Fienberg: MPRAInfo@treasury.gov or kfeinberg@feinberglawoffices.com
  • commented 2015-10-08 03:12:57 -0400
    There should be no reductions. With the NOW request from Central States my pension went from $2500.00 down to $1,009.00, that is a $1500.00 per month,,,, that is ludicrous. I and others are being cut the most because we are considered “Orphans”. That is NOT are fault the company is no longer. We paid as much as the other retirees and get less. IF there has to be a reduction, it should be straight across the board. They have NO caring or morals for the retirees.
  • commented 2015-10-07 16:28:59 -0400
    Has anybody though about staring a fund to hire a lawyer
  • commented 2015-10-07 02:12:27 -0400
    My husband is on total disability, so what they are going to lift the restrictions ,which is a little late, should have been done years ago. Can’t work any sustain employment anyway!!!! Now you want to take everything he worked so hard for! BULLSHIT!
  • commented 2015-10-07 02:07:21 -0400
    She ought to be pushed out the door on her f#@king ASS!😄
  • commented 2015-10-06 11:06:15 -0400
    IT’s always seemed to me,that when a Person is APPOINTED to a POSITION their LOYALITY is to the Person or Persons (WHO??)APPOINTED them. IF!! Yhey disagree with that Person or Persons.They are then DISAPPOINTED! As usually are we, with the decisions they make in favor of their MASTERS.—I.m just saying!!!
  • commented 2015-10-05 21:27:42 -0400
    Yea we need to throw her into a snake pit and move on to someone who cares. how the hell do you sleep at night, you have to see that this is all wrong what you did.
  • commented 2015-10-05 17:15:44 -0400
    Sue Mauren is bought and paid for by Teamsters Leadership! I wrote Her a email months ago about our pensions being cut! Not one reply from Her! Today after receiving my letter from Central States stating my earned pension would be slashed nearly fifty percent, then I wrote a letter to Bill O’reilly asking Who would take up our fight? I pray to God that someone will fight for our just cause in this matter! There is and has been so much Graf in the Teamsters Leadership & Hierarchy! And that is why they want to attack our pensions, also letting UPS out in 2007! That 7Billion was well spent by UPS, but killed Central States in the process! Of course the Teamsters Leadership said they lost that money in the downturn of the economy! RIGHT!!!
    K. Smith
  • commented 2015-10-05 12:21:39 -0400
    Ms. Mauren,
    I cannot survive on a benefit cut of HALF my monthly pension which is $3000.00
    I COULD survive if I took a cut of $500.00 leaving me $2500.00
    If I am cut by the estimated $1500.00 a month, I will lose my HOME of 30 years.
    I am not able to do physical work anymore due to the wear and tear on my back and knees from 30 years in the Freight industry.
    I am angry as hell, because I TRUSTED the Teamsters ,and was told my pension would be there.
    What am I supposed to do now???
    Who is going to hire a crippled up 63 year old man?
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