New York State Teamsters Pension Fund Withdraws Application

The New York State Teamsters Conference Pension and Retirement Fund has withdrawn the MPRA application for benefit cuts as a result of concerns raised by U.S. Treasury. 

STOP-THE-RUSH-BANNER_thumb.jpg

According to a notice from the Fund, Treasury would prefer the Fund use a different mortality table and has asked that Fund actuaries better explain the use of lower investment assumptions. The Fund reports that actuaries and attorneys are working with Treasury on the issues.

The notice reports the Fund plans to resubmit an application calling for benefit reductions as of September 1, 2017. That application will be subject to similar notice and comment requirements.

Active and retired Teamsters continue to monitor the efforts to make cuts and have organized independent efforts to challenge the benefit cuts. See their website for more info.

 

Get Advice Join TDU Donate

Recent News

UPS Strike Vote Starts This Week

UPS Teamsters will begin in-person voting to authorize a strike if UPS refuses to negotiate a fair agreement before the contract expires on July 31.

On the Table in UPS Talks: Ending Article 40 Concessions

Eliminating loopholes in Article 40 is on the table in national contract negotiations and UPS Teamsters who work in UPS’s air operations are ready to close the concessions stand for good.

View More News Posts