Another Top Teamster Backs Central States Pension Cuts

Another top Teamster has endorsed the Central States pension cuts. Bill Lichtenwald, a personal friend of James Hoffa and the head of the Ohio Conference of Teamsters until the Independent Review Board’s corruption report last October, has issued a letter backing the cuts. After the IRB corruption report, Lichtenwald resigned as a trustee of the Central States Fund. 

lichtenwald_thumb.jpg

The letter, signed by Lichtenwald and the executive board of Local 20, blasts the US Treasury Department for rejecting the cuts on May 6. Lichtenwald joins several other Hoffa officials who have backed the pension cuts, instead of leading members and retirees to fight them.  International Vice President Tyson Johnson strongly backed the cuts, and then flip-flopped a week ago to issue a letter taking credit for their rejection!

After parroting the reasons Teamsters should go along with the cuts, Lichtenwald’s letter concludes with something we can agree with: “Congress must act in order to positively enact legislation that would allow pension funds such as Central States to get back on a firm financial footing.” 

We agree. We are working to enact the Keep Our Pension Promises Act (KOPPA), which would do just that. We call upon Bill Lichtenwald and the leadership of the Central States Fund to join the coalition of retirees, unions, the AARP, and the Pension Rights Center to work hard to get KOPPA enacted into law. 

The power and resources of the Central States Fund, and full support from the IBT, would be a great help in getting the job done. How about it, brother Lichtenwald?

Get Advice Join TDU Donate

Recent News

Zoom Call for IBT Election Volunteers on Saturday, August 14

TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register. 

Central States Assets Fall – But Relief is Coming!

The assets of the Central States Pension Fund fell to $9.8 at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

View More News Posts