Will the Central States Big Shots Take a Cut?

December 12, 2014: Thomas Nyhan testified in Congress and lobbied hard – with our pension money and staff – to get the pension-cut bill passed. Now, he got his wish: a 163-page bill sneaked through Congress, tacked onto the budget. 

We propose some small measure of equality of sacrifice, which is a basic principle of the labor movement.  

The executives of the Central States Pension and Welfare Funds should take a 30% cut, to show their sincerity when they talk about the need for sacrifice.

Let’s start with Thomas Nyhan, who was paid $662,060 in 2013 and Al Nelson who was paid $305,811. There are plenty of other fund executives in their bracket: in our review of the 5500 forms for Central States Pension and H&W Funds, we found 13 pulling down over $200,000, and seven over $300,000.

What do you think?

Get Advice Join TDU Donate

Recent News

Teamsters Say It's Time to Deliver on the Dream

TDU members are commemorating Martin Luther King Day with a national day of action to demand that UPS respect the day as a paid holiday and by telling employers it's time to deliver on the dream.

Lame-Duck IBT Leadership Appoints Tony Andrews to Replace Aloise

The IBT General Executive Board (GEB) has approved the recommendation by James Hoffa to appoint Tony Andrews as International VP for the Western Region, over the dissent of president-elect Sean O’Brien and nearly half of the GEB members.

View More News Posts