Treasury Approves New York State Pension Cuts

The U.S. Treasury announced it has approved pension cuts for 35,000 retirees and active Teamsters covered under the New York State Teamsters Pension Fund. The cuts will take place effect on October 1.


By law, the Department of Treasury was required to conduct a vote of pension fund participants prior to finalizing a decision.

Ballots were mailed to 34,755 participants: 9,788 voted no and 4,081 voted yes. But under the rigged voting rules, Treasury is allowed to count all non-votes as yes votes.

So despite the overwhelming opposition by 70% of the voters, the cuts have been approved.

Upstate NY Teamsters opposed to the cuts are exploring all possible alternatives for challenging the decision and the attack on the retirement benefits they were promised.

Showing 36 reactions

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  • commented 2017-09-21 15:39:49 -0400 · Flag
    What if a NYS Retiree, no longer lives in NYS, and there
    fore, can not vote?

    My no-vote, should not be an assent, to threaten my Retirement.
  • commented 2017-09-21 10:43:59 -0400 · Flag
    People should stop buying ! No new cars ,no new cell phones no expensive trips . Hit them where it hurts in their wallets . Petitions , marches mean nothing . Short of physical violence ,and they will only shoot us down this is the only thing that will work . STOP SPENDING !
  • commented 2017-09-21 10:42:23 -0400 · Flag
    The voting rules were set forth in the 2014 MPRA law. Even if everybody voted yes not to cut the pension, the treasury dept. would over rule the vote, because this pension failure would add a billion dollar or more liability to the PBGC. No matter the outcome the pension fund was going to be cut. The bottom line is employers contributions were not cut. Current employees aren’t going to be millionaires, even though employers are paying in enough to make them such.
  • commented 2017-09-21 10:08:52 -0400 · Flag
    Same thing is going to happen when all people that don’t vote on nys,constitution become yes votes. Shrewd dago king coumo will get his way. Watch and see
  • commented 2017-09-21 09:44:28 -0400 · Flag
    Union members are weakened but by the unions , not by the government or the employers but by their own members who fail to participate in their own futures. People could’ve voted for this via paper ballots, via the internet and via telephone.. no excuse for not voting… and certainly no excuse for challenging the rules of Vito passed 3 yrs ago which allowed a “no vote” to count as a “yes” vote..
  • commented 2017-09-21 09:44:18 -0400 · Flag
    How is that legal? How is a non vote a yes?
  • commented 2017-09-21 09:06:50 -0400 · Flag
    This needs to be addressed by the U,S, Supreme Court, let’s form a class action lawsuit and get it there!
  • commented 2017-09-21 07:04:18 -0400 · Flag
    How do you presume a no vote is yes, why not know where the majority VOTES are! What a travesty.
  • commented 2017-09-21 04:29:55 -0400 · Flag
    Who is flagging certain comments , and flagging for what reason ???
  • commented 2017-09-21 03:53:52 -0400 · Flag
    People need to stop attacking their fellow union members for allegedly not voting. They just didn’t send out the ballots to many of the members. They want you to claw at each other throats as being at fault when they had orchestrated the entire outcome in their favor. Common sense should tell you that the voting was rigged when you have a rule that counts a non response as a " yes" vote for the cuts but not as a " No " vote .
    The attacks on the American workers are becoming more brazen each year. The sad part is that other Americans are helping the attacks with their bitterness over their own job choices and their misguided beliefs that the cause for their economic deterioration are the fault of other common people , who are suffering just like them and haves no more of a control over their own economic plight than they do. The true culprits , as always , are big business and their political patsy , and they are in both political parties. They put people against people , race against race , gender against gender , young against the old , religion against religion , politics against politics , and while we are clawing at each others throats business as usual continues for them . India , China , Mexico, and all other nations couldn’t take our jobs if not for these so called American businesses giving it to them , and the flunky politicians making the process easy to do it. Unfortunately , the horses have left the barn and I don’t know if we can get them back in.
    I guess we’ll do like people usually do when times get tough , and that is to crack the skull of the poor sap next to them than to crack the skull of the king , even though , the king is the bane of their suffering.
  • commented 2017-09-20 21:48:07 -0400
    the weekly employer contribution is $545 a week for N.Y. conference in contrast to the $342 paid into CSPF. More for a U.P.S. employee. This amount would easily make an employee a millionaire after 30 years. I’m sure giving pension increases retroactively to employees who’s employer then went bankrupt killed the N.Y. conference pension fund. Retirees please post how much the pension contribution rate was when you retired. Should be good for a chuckle. Tony Aprea all this information is in MPRA applications to the treasury dept.. I.E. it is public record. You would think individuals would read the MPRA application before they post on TDU.
  • commented 2017-09-20 16:28:54 -0400 · Flag
    You can not vote if you don’t get a ballot. I wonder how many others didn’t get a ballot. My addy is good but no ballot received. I’m sure this was one of their trick. Didn’t want it to show how many people objected. Why would ANYONE VOTE YES TO LOSING THE MONEY THEY NEED TO LIVE ON. TELL ME WHY??? THATS CRAZY. DIDNT HAPPEN. CROOKS, LIARS,!
  • commented 2017-09-20 15:44:21 -0400 · Flag
    To be clear on this. I did NOT receive a ballot nor did my husband receive a ballot
  • commented 2017-09-20 15:42:54 -0400 · Flag
    This sounds like something the Mob would do ! Glad I am not a teamster, what corruption!
  • commented 2017-09-20 15:42:32 -0400 · Flag
    I Have two members in my family in this farce of a retirement system. I neither to my family member received a rigged voting document. Secondly rigged is the proper name. How could we possibly have won? There was no way unless everyone voted and voted no. You can"t not and shouldn’t be able to count non votes. This is pathetic! I hope we are suing the Treasury Dept.
  • commented 2017-09-20 11:44:51 -0400 · Flag
    Members worked very hard for what they receive, it’s not American to take it away!
    What is the meaning of a Union if you can can’t PROTECT IT AND ITS MEMBERS.
    Local 707 NY
  • commented 2017-09-20 08:25:24 -0400 · Flag
    They’re Crooks😡😡
  • commented 2017-09-20 07:13:46 -0400 · Flag
    This is unreal. If you’ve worked your whole lufe to kive on a meager retirement know this-I will then be in the poverty level and be eligible for food stamps and assistance. So where does this save anyone?
  • commented 2017-09-20 03:53:20 -0400 · Flag
    Don’t touch what members have worked their whole careers for.
  • commented 2017-09-19 22:25:23 -0400 · Flag
    I never got a ballot.
  • commented 2017-09-19 20:50:20 -0400 · Flag
    Its rigged if they arent sending out the votes, then counting non votes as yes votes! Crazy! Manipulation!
  • commented 2017-09-19 19:45:39 -0400 · Flag
    According to Roberts Rules, blank votes count as nothing.
  • commented 2017-09-19 18:23:30 -0400 · Flag
    I did not receive a ballot.
  • commented 2017-09-19 18:19:20 -0400 · Flag
    Look how many did not even vote! Too lazy to even vote in elections too I bet. You get what you deserve then. Keep voting for the same politicians that hose you also.Dopey sheeple.
  • commented 2017-09-19 14:53:03 -0400 · Flag
    Marie – I agree! Do they ever take cuts to benefits or salary?
  • commented 2017-09-19 14:14:58 -0400
    This is bullshit we worked for this them take the president pension and all Senate and house pensions to
  • commented 2017-09-19 13:32:08 -0400 · Flag
    those who didn’t vote shows just how stupid union personnel are.. THE company will take care of me…..THE union will take care of me….The government will take care of me…..TO STUPID TO TAKE CARE OF THEMSELVES..!!!!! and i have 25 years with Roadway / yrc freight,,,,,and $583,000.00 in my own personnel mutual fund,,,,,what a bunch of A—-HOLES,,,YOU FOOLS DESERVE TO GO ON WELFARE
  • commented 2017-09-19 08:01:34 -0400 · Flag
    I agree with you Anthony. No $ amounts. Too many Union haters which equates to people who are unhappy with the job choices they made in their lives. I find it hard to believe that so many did not vote. These are teamsters and old timers like my husband I would think. That being said, there has to be a legal recourse for this. The union officials better get their butts moving; they should have been preparing for this possibility beforehand and fight it. That is a huge cut. Why would they want to force people back into a job market filled with minimum wage positions?
  • commented 2017-09-18 20:40:29 -0400 · Flag
    It’s not wise to post your pension numbers to this public site. You’ve all worked hard and deserve your pay but posting your numbers here will surely be used by the anti-union people as a spin. I would suggest removing your comments involving $ and replace them. The attack on unions and their pensions is real, let’s not give them something to work with.
  • commented 2017-09-16 20:26:49 -0400 · Flag
    There are 9 different locals involved in this pension fund. Some pension checks are higher than others. So they all should not be cut by 29%. We all worked for our pension, and it should not be cut at all. Good luck to all of us.
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