Pension Fight Reaches the Rio Grande

Over 70 retirees and spouses met on Saturday just north of the Rio Grande in San Juan, and the hot topic was the fight to defend their Central States pension benefits. These retirees hail from 15 states and 25 different locals.

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Mark Dray, a retired Local 638 UPS Teamster, reports that information was circulated, including a petition initiated out of Grand Rapids, Michigan calling for the removal of Thomas Nyhan, Contact info for websites and phone numbers for the Pension Rights Center, TDU and the IBT was also distributed.

The breakfast is held monthly at 10 a.m. on the third Saturday at Ann’s Restaurant on Business 83 in San Juan.


Showing 5 reactions

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  • Stephanie McAllister
    followed this page 2016-10-19 11:16:23 -0400
  • Tom Dolyniuk
    commented 2016-03-01 16:06:12 -0500
    If the proposals are approved, then it will take active participants over 11YEARS of collecting just to get back any new money being put into the fund ( .75% match). In other words, If a person retires at 65 and lives until 76, he/she will be getting a 0% return on all of his contributions. Under the old 1% match, it takes 100 months or 8 years and 4 months, to get the money back. Clearly, this is not a wise investment. Especially when CSPF has annualized 10.8% since 1980, and 7.1% for the last 10 years!!
  • Tom Dolyniuk
    commented 2016-03-01 15:57:56 -0500
    Rob Ban. By taking cuts retirees and actives help ensure Central States Pension Fund remain solvent. That way Nyhan and his staff can continue to compensate themselves, excessively. In other words use pension money as their personal “piggy bank”.
  • Rob Ban
    commented 2016-03-01 14:09:41 -0500
    Just look at this picture can these`s people ever go back to work? What in the hell are we to do?
  • joseph francis
    commented 2016-02-29 15:05:23 -0500
    Where is the petition
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