Central States Trustee Promises Move to Withdraw Pension Cut Plan!

Standing before 300 active and retired Teamsters at a meeting of the Cincinnati Area Teamsters Retiree Club, Bill Lichtenwald – Central States Fund Trustee -- stated he would put a motion forward at the next Central States Trustees meeting to withdraw the Plan Reduction submitted to the Treasury Department and allow for another year before putting forward any new proposal. 


A motion to withdraw would give the IBT, Teamster locals and also active and retired Teamsters involved in the campaign to protect our pensions, breathing space to continue to build the movement and formulate alternatives to the proposed cuts. Lichtenwald sits on the Board with three other Teamster trustees and four Trustees representing contributing employers. The goal would be to get a motion passed with the support of the other Teamster Trustees – Chuck Whobrey, George Westley and Marvin Knopp.

Lichtenwald heard plenty from angry retirees and Teamsters

Pension Protection Committees throughout the Central States need to contact Lichtenwald regarding this promise and encourage him to make it happen. Committees and concerned Teamsters also need to press the other Teamster Trustees for their support. It’s also time for James Hoffa and the IBT to call on the Trustees to make this happen.  

Showing 70 reactions

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  • Lori Essig
    commented 2015-12-10 18:17:57 -0500
    To Rhonda Welk:
    Tom D was happy to announce on the Tom Nyhan raise thread that he lobbied for MPRA to be passed. About the 9th post from the top.
    Also, I discovered in my research that CSPF invested many millions in a bank in Russia that failed.Poof, all gone and also invested heavily in real estate in Europe. Who does that with other people’s money? Heck, I wouldn’t and I was just a dumb truck driver…
  • Rhonda Welk
    commented 2015-12-10 14:16:12 -0500
    Tom do you lobby for these cuts? By doing what contacting centralstatespensionfund or your congressman? Realistic or not as you say. You say one minute you agree with CSPF snd then at he same time you complain about them. Change needs to come from the govt and CSPF officials how they run this fund and what happened to a lot of the money. Lichtenwald the first I heard this he blame the Chinese for our fund depletion, so is our funds invested over seas. I read an artcle about a guy questioning the fund and asked that he found out about a sizable loan overseas china? I will find that article and post it?
  • Rhonda Welk
    commented 2015-12-10 13:34:11 -0500
    Tom I believe there are more than 2 choices. My point is suppose we get our pensions cut. Centralstatespensionfund will continue to take money out out for for their raises, lobbying, high fees for money managers. Where does it stop? We put money in, they take it back out, and get nowhere to being solvent. Western teamsters fund does pretty well, why did they not look to them as an example years ago. Whether u work 10 or 15 more years down the road and they become solvent they are not going to reinstate that money to pensions. You must be a take or leave it kind of a guy. So when you have a trustee on the board saying he has never even read the rescue plan, pretty much tells you something. It was a quick fix on there part with the bill being slipped in and rescue plan that they put out there and lichtenwald doesn’t even knows what in it. Where is the cutting of things on there end? So we are suppose to say ok cut my pension 15,000 a year and then turn around an give yourself a raise of 20,000 next year. I don’t know how old you are and assume you are still working, but we have been there and done that, 37× years, so no to any cuts! How will teamsters continue to make new contracts or negotiate present contracts with taking out more to put in a pension with no guarantees. A lot could happen 10-15 years down the road. Look what has happened in just the last 10 years. Back around 2006 or 7 they were over funded, but the government tells them u can’t do that so get rid of the 13th check, have people not put into pension fund anymore because the employers were not able to write those pensions off as a tax shelter because pension was overfunded. The govt tells you u can’t be underfunded or overfunded. Dont k in how many years u have until u retire and maybe you can see the writing on the wall and more time to plan for it. But we us retirees out here who thought our plan was there to have to change all that within the year. So no not going down without a fight without finding out investigations of all of this and slowly truths are coming out. You can take the lesser amount on your upcoming pension but we will not! I know solutions are needed but we are not going to take their only option and believe especially from them this is the only way!
  • Tom Dolyniuk
    commented 2015-12-10 02:12:38 -0500
    To Rhonda Welk. I do call Central States to complain about their lavish, excessive compensations!! Don’t you get it? It is the classic “lessor of two evils”,——Cuts or become insolvent!! Assuming no bailout (good assumption) which one do you want?
  • Tom Dolyniuk
    commented 2015-12-10 02:04:52 -0500
    Lorelyn Essig. I want a bailout so nobody gets cuts!! YOU want to keep collecting your same amount until the fund runs our of money (10-15 ) years. Then some actives would receive NOTHING, even though they may have put in close to 400k!! and then you would still cry about no money in the fund, too!!! Get the drift??
  • Tom Dolyniuk
    commented 2015-12-10 01:55:09 -0500
    To Harold Moore; For orphans to be cut more than others is not “fair’ in my view. These people contributed the same as everyone else, and your pension should be based on your total contributions, NOT whether the company that you worked for still has active participants. But being that CSPF set it up like a ponzi scheme, they have it in for the ’orphans”. Your are unrightlfully being discriminated against. This is the Dept. Of Treasury’s rules that first orphans are cut to 110% of PBGC’s levels. UNFAIR

    To Rob Ban: I am being both positive and realistic. I guess you don’t appreciate being “rescued”. The SOONER we fix (adjust) things the more solvent the fund becomes—-to insure that is money for ALL retirees (although reduced) both current and FUTURE. Don’t tell me that you are one of those people that put in like under 120k and has collected around 500k and wants the fund to run out of money? I am a Teamster that pays dues every month, What team are you on? Sacrifice like the rest of us !
  • Lori Essig
    commented 2015-12-09 21:23:08 -0500
    Bob Krouse: I didn’t ask but I was curious also, so thanks.
    I wonder if we all will get the letter and I think CS will be paying for it; if only to further deplete the fund to collapse it sooner.
  • Lorelei Phillips
    commented 2015-12-09 20:39:03 -0500
    I did find a fax # for Central States. I just want to make sure they have a office there.
  • bob krouse
    commented 2015-12-09 20:22:47 -0500
    Lorelyn,…Central States.
    The letter was an informational letter to get “assistance” and “counseling”,…for FREE.
    FREE = Someone is PAYING for it,..and I am “assuming” the funding comes from Central States.
    Sounded like a Re-Education Program to me.

    I retired in 2002
  • Lori Essig
    commented 2015-12-09 20:12:10 -0500
    To Lorelei:
    Presumably they have offices there. There are 4 employer trustees and 4 employee trustees. That is the best I can come up with.
    Were you able to find contact numbers?
  • Lorelei Phillips
    commented 2015-12-09 20:08:29 -0500
    Bob I retired from USF Romulus terminal in 2003. Who did get the apologizing letter from?
  • bob krouse
    commented 2015-12-09 20:02:53 -0500
    I retired from USF Holland,…they are still functioning.
  • Lorelei Phillips
    commented 2015-12-09 18:50:32 -0500
    Do all these trustees have full time offices at the CSPF? I plan on faxing a letter to each of them if they do.
  • Joseph Hoyt
    commented 2015-12-09 18:46:25 -0500
    Thanks Lorelyn Essig You are right about not being well publicized I have never heard of it until today. Probably now well publicized on purpose. They wouldn’t want to many teamsters making negative comments about our pensions being stolen.
  • Harold Moore
    commented 2015-12-09 18:33:03 -0500
  • Lori Essig
    commented 2015-12-09 17:51:28 -0500
    To Joe Hoyt: Regulation .gov was the place set up for us to post our comments and was not as well publicized as it might have been. The comments ended on Monday night at midnight. All told I believe there were less than 1600 comments.

    To Rob and Rhonda: Tom finally admitted he and some of his local people lobbied for the passing of MPRA. He wants to throw all us older retirees under the bus so he gets his.
  • Rhonda Welk
    commented 2015-12-09 14:59:01 -0500
    Tom why don’t you post all your comments on CSPF and tell them how well their doing and keep the cuts coming
  • Rob Ban
    commented 2015-12-09 14:41:30 -0500
    Hey Tom, why don’t you take a long walk you are not a Teamster everyone is sick of your negative attitude. Your crystal ball economic predictions into the future are flawed. Take a hike.
  • Tom Dolyniuk
    commented 2015-12-09 13:46:06 -0500
    How much time is needed for a solution? Delaying the inevitable is not a solution!! The Board of Trustees probably won’t budge a bit. Lichtenwald just told the crowd some gibberish to pacify them, to make himself look better, and give people false hope! The truth is that Nyhan wanted the cuts even sooner!! BACK TO SQUARE ONE—-no money——then cuts!!
  • Mike Webb
    commented 2015-12-09 13:44:49 -0500
    BULLCR*P! Get this figured out before the two upcoming electons: IBT and Federal.
  • Bill Schlagheck
    commented 2015-12-09 12:05:48 -0500
    We ( the rank & file & retirees) need HELP….. Please Mr. Lichenwald.. Be our voice….
  • Joseph Hoyt
    commented 2015-12-09 11:26:06 -0500
    What is Regulation.gov ?
  • Lori Essig
    commented 2015-12-09 11:15:24 -0500
    I have seen that report in quite a few places including by a more than ordinary post on Regulation.gov but have not been able to find a name. It does stand to reason that losing 1/2 of one’s income would be enough of a crisis to drive someone to do it.

    If someone already has fragile health that certainly would not help.
  • Joseph Hoyt
    commented 2015-12-09 10:08:00 -0500
    Did one of our Teamster brothers really commit suicide over these proposed cuts ? If that is true then the pension trustees truly have blood on their hands. It’s sickening!
  • Tammy Heeb
    posted about this on Facebook 2015-12-09 07:21:02 -0500
    Central States Trustee Promises Move to Withdraw Pension Cut Plan!
  • Tom Dolyniuk
    commented 2015-12-09 01:55:25 -0500
    Hopefully, we can delay the proposals (potential cuts) another year. Then the 17.3B in the fund will go to 16.4B (assuming +7% return on investments)
  • Tom Dolyniuk
    commented 2015-12-09 01:41:02 -0500
    Jimmy Knight, Don’t forget that Central States has been taking out 2.8 billion every year for pension payments!! Have you been taking out over 15%/year too?
  • Lori Essig
    commented 2015-12-08 22:15:59 -0500
    It is about time they start showing a little compassion for people they are trying to ruin. Wonder what they plan to do for the person who reportedly committed suicide?

    None of them has a moral compass anymore.
  • Joseph Hoyt
    commented 2015-12-08 22:03:23 -0500
    Guidance counseling for what ? They cut our pensions it’s simple they are going to force people back to work to make up the difference or file for bankruptcy.
  • bob krouse
    commented 2015-12-08 21:29:59 -0500
    Got a letter today. Said they are real sorry for “any personal difficulties caused by these proposed cuts.” Real nice .
    Then they give a website for Guidance Counseling.
    They tell me it is FREE…..but SOMEONE is PAYING for it.
    All that aside,..I a m glad to see MAYBE they are reevaluating this boondoggle.
    They have created an Army of pissed off people. Happy to see they are feeling the heat from us folks with “difficulties”.
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