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Thomas Nyhan, the Director of the Central States Pension Plan, says the fund will not resubmit a revised proposal to the Treasury Department, because the cuts would have to be too deep.
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.