Pension Activists Plan Rallies at State Capitals

Teamster retirees, their families, friends and neighbors plan a day of coordinated actions, Thursday March 31 at various state capitals to call on legislatures and other state officials to oppose proposed cuts to Central States pensions.

“Our goal is to get state legislatures and local officials like mayors to understand that if these pension cuts go through, many cities, towns and states are going to suffer,” said Dale Dobbs, a retired Wisconsin Teamster and the organizer of a network of sixty Facebook sites addressing Central States proposed cuts. “We need these politicians to understand they need to press Treasury to reject the application or they will face dire costs in their communities.”

Actions are planned for Missouri, Wisconsin, Illinois, Nebraska, Texas, Mississippi and Michigan. For further info, contact the Facebook network: http://www.mycspensionhandsoff.com or Dale Dobbs: (608) 383-3300.

Pension Crisis

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Stephanie McAllister followed this page 2016-10-10 13:24:13 -0400
Lori Essig commented 2016-04-04 22:41:52 -0400
One thing gleaned from the article was that one of the “safeguards” was an independent counsel who was a former federal judge who was 90 years old and suffering from Parkinson’s disease who had retired but stayed on for 4 months but then died in 2012.

They can’t do any better than someone almost in the grave???
Lori Essig commented 2016-04-04 22:28:22 -0400
You can get to it by clicking the economy folder on the site and scrolling down.
Lori Essig commented 2016-04-04 22:18:25 -0400
Geez, screwed up another one. Sorry, it looks exactly as I copied it down.

Too bad I don’t have a second grader to fix my mess ups… I guess someone else will have to figure it out.
Lori Essig commented 2016-04-04 22:11:34 -0400
For anyone else who cares to get a look:
http://www.marketwatch.com/story/ho…kly-under-wall-street-than-the-mob-2016-04-04

I am presuming the second part will be there tomorrow.
Joseph Hoyt commented 2016-04-04 18:25:44 -0400
Lorelyn glad you found the article I didn’t see a link, all I could do is give a description. It’s a shame when we got screwed worse be supposedly reputable investment firms than the mob. It’s been to quiet lately, but I’m still holding out hope something will be done
Lori Essig commented 2016-04-04 15:30:09 -0400
Sooo, the gov’t took over from the mob way back when and we just got effed over worse from the gov’t than the mob did to us. We would have been much better off had we kept investing in Vegas casinos.
The bums at CSPF and the Wall Street banksters should be under the jails not in them…

Good article, Joseph Hoyt.
Joseph Hoyt commented 2016-04-04 13:43:17 -0400
There is a good read about where our money went, 4/4/16 on msn money section or Market watch.com 2 part story.
Lori Essig commented 2016-03-31 17:11:00 -0400
Sorry, double post.
Lori Essig commented 2016-03-31 16:48:20 -0400
They are all in bed together; Treasury, CSPF, PBGC and that other pension alphabet soup that dreamed up the MPRA. I can’t keep up with all the acronyms.
They should be right there in a cell alongside Bernie Madoff.
Lori Essig commented 2016-03-31 16:48:10 -0400
They are all in bed together; Treasury, CSPF, PBGC and that other pension alphabet soup that dreamed up the MPRA. I can’t keep up with all the acronyms.
They should be right there in a cell alongside Bernie Madoff.
Bob Krouse commented 2016-03-31 13:58:25 -0400
C-R-I-M-I-N-A-L
Lori Essig commented 2016-03-31 13:47:46 -0400
This last one works. Sorry for my lack of ’puter skills.

It sure frosts my rear end that they took the $6.1 B that UPS gave CS for the privilege of exiting CS and threw it down the same rat hole all the rest of the money went to.

They are not only stupid but they are/were reckless with the monies meant to go to retirees; not to mention incompetent.

And, at a time when multiple pension who had losses and they sued Northern Trust and won; why didn’t CSPF sue to recover funds from them?

They failed their fiduciary responsibilities to us. Flat out failed, big time.
Bob Krouse commented 2016-03-31 13:44:56 -0400
“Feinberg, 70, who also helped adjudicate claims in the Deepwater Horizon oil spill disaster and will soon oversee a fund to compensate victims of state-sponsored terrorism, has repeatedly reminded retirees that the law requires him to answer three big questions: Did Central States exhaust all other alternatives? Are the benefit cuts equitable? And will they preserve the fund?”

ANSWERS?
“Did Central States exhaust all other alternatives?”…….Who knows. They kept it secret.
“Are the benefit cuts equitable?”………NO, they discriminate by age.
Lori Essig commented 2016-03-31 13:35:01 -0400
Yep, I discovered that and this helps:
https://www.ajot.com/news/fate-of-400000-teamster-pensions-rests-in-ken-feinbergs-hands

This one is correct but it didn’t link. One little miss spelling and the whole thing messes up. Maybe someone who knows what they are doing can fix it. Good article.
Bob Krouse commented 2016-03-31 13:24:47 -0400
The link doesn’t work
Lori Essig commented 2016-03-31 13:19:55 -0400
Feinburg’s hands are tied.
https://www.ajot.com/news/fate-of-400000-teamster-pensions-rests-in-ken-feinburgs-hands
Nyhan claims he doesn’t sleep well lately. What a shocker; neither do 400,000 + teamsters and their families.
And that punk a** smart mouth attorney is still making nearly $700,000 a year. What a bum.
Roger Shimman commented 2016-03-29 18:42:58 -0400
I agree most seem to forget where they came from. Same thing happens in our union elections
Lori Essig commented 2016-03-29 17:43:39 -0400
Roger, I think they may go into office thinking they want to help the constituents but after seeing how the cesspool which is the District of Corruption ( Washington DC) they soon become corrupt themselves. Easy money there. There is a reason poor people go in and are millionaires in just a few short years.
My old county attorney ran and won a seat in the House and he refused to go back after the one term and this was many years ago. Probably much worse now.
Roger Shimman commented 2016-03-29 16:16:04 -0400
Does anyone really believe that these politicians car about the working class
Roger Shimman commented 2016-03-29 16:16:01 -0400
Does anyone really believe that these politicians car about the working class
Lori Essig commented 2016-03-29 12:45:04 -0400
I agree with you, Bob. That 25% across the board would be acceptable although still an insult to workers who shed sweat and blood to get this pension. We gave up raises in order to get it. And those people in the upper echelons of the pension fund and Wall Street punks threw it away if not hid it away.

I am a 67 year old female and never hit anyone in my life but I would be so tempted to give him a good old fashioned gut punch. I hope their bodyguards are paid for out of their salary rather than out of our pension fund. That would be further insult.
Bob Krouse commented 2016-03-29 09:24:21 -0400
I would rather see a 25% cut across the board and be EQUAL TO ALL, than the “pick and choose” that is proposed.
I so want to slap Naylan in the mouth……
Lori Essig commented 2016-03-28 19:52:35 -0400
Don’t feel like the Lone Ranger there. We all are.

A member of another board; from which I pilfer (!) most which I post; is of the opinion that if the cuts go through they may not go into effect until Sept- Oct. That would help quite a little bit.
Rob Ban commented 2016-03-28 18:02:23 -0400
I’m having a break down
Lori Essig commented 2016-03-28 14:27:50 -0400
That last post pertains to what happened to Delphi, which was the auto parts part of the GM pension that we the taxpayers are now covering.

Lots of calls and emails back and forth between Treasury and all the others and Delphi people were left holding an empty bag.
Lori Essig commented 2016-03-28 14:19:59 -0400
http://waysandmeans.house.gov/inves…d-is-witholding-information-from-the-public

Some useful information there on how Treasury is not keeping us updated on what is happening and are probably colluding with CS and the rest of them. Would be interesting to see the email and phone logs on all the convos between them all.

Someone please make the link live if it isn’t. TIA
Joseph Hoyt commented 2016-03-26 13:24:57 -0400
How many raises did we give up in the last 40 years, so employers could contribute to the pension fund instead. Now CSPF wants to screw active and retired members anyway. Nothing but BS, we need to stop this insanity together.