New York State Teamsters Pension Fund Withdraws Application

The New York State Teamsters Conference Pension and Retirement Fund has withdrawn the MPRA application for benefit cuts as a result of concerns raised by U.S. Treasury. 

STOP-THE-RUSH-BANNER_thumb.jpg

According to a notice from the Fund, Treasury would prefer the Fund use a different mortality table and has asked that Fund actuaries better explain the use of lower investment assumptions. The Fund reports that actuaries and attorneys are working with Treasury on the issues.

The notice reports the Fund plans to resubmit an application calling for benefit reductions as of September 1, 2017. That application will be subject to similar notice and comment requirements.

Active and retired Teamsters continue to monitor the efforts to make cuts and have organized independent efforts to challenge the benefit cuts. See their website for more info.

 

Get Advice Join TDU Donate

Recent News

The Final Fall of Rome

Corrupt Teamster Vice President Rome Aloise faces new charges for racketeering, retaliation, and knowingly bringing harm to a Teamster.  His days as a Teamster are numbered.

Hoffa Takes Aim at Teamster Elections

Hoffa is retiring as General President at the end of next year, and he wants to take Teamster democracy with him. Last week, Hoffa told the press about a plan to block contested elections for International Union office, beginning in 2026. We can’t let that happen. 

View More News Posts