March 24, 2015: The Central States Pension Fund trustees have set up a briefing for local union officers on April 8. Will this be the big announcement regarding their proposed pension cuts – or a background briefing?
The announcement states only that they will “provide Local Union officers with background information on the MPRA [pension cut legislation], review the process and timetable…and outline a communication plan for our participants.” It goes on to state that the Board of Trustees [four Teamster officials and four management reps] are “currently reviewing options.”
We believe that review needs to be expanded.
The Fund has stepped up security at their building in Rosemont Illinois, and this announcement states that only pre-registered union officers will be allowed in the meeting, with “no walk-ins.”
We will provide more information as soon as it is available.
Teamster retirees and members are fighting back against cuts, and for better and more equitable solutions. If you think there should be an independent audit before any cuts are proposed, and that the process should be more equitable, then find out how you can be part of making it happen.