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The New York State Teamsters Conference Pension and Retirement Fund has withdrawn the MPRA application for benefit cuts as a result of concerns raised by U.S. Treasury. 

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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.

 


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  • commented 2017-04-08 08:12:29 -0400
    no matter what happens in the coming months the board of trustees need to be replaced and the invest company running our fund need to be FIRED!!!!!!!! and replaced.
  • commented 2017-04-07 13:49:14 -0400
    People found quilty of wrong doing should be held accountable for full prosecution of the law along with all assets seized for restitution to the fund PENSION FUND SWAMP NEEDS TO BE DRAINED
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