The US Treasury Department has published a proposed rule which rejects UPS’s claim that Central States pensions should be cut even more to save the giant corporation from living up to its contract clause to “make whole” UPS Teamsters who retired in 2008 and after. 

The third quarter financial report of the Central States Pension Fund shows assets dropped to $15.9 billion, due in large part to the stock market decline last August. 

More than 700 people jammed the hall at the University of Minnesota to present Kenneth Feinberg with their overwhelming opposition to proposed pension cuts.

The New York State Teamsters Pension Plan has issued a letter to 35,000 members and retirees that it plans to slash benefits. 

Teamster retiree and current members plan to rally outside the Democratic Party debate on Thursday at the University of Wisconsin - Milwaukee. The rally will raise strong opposition to proposed cuts to their Central States pensions. 

Karen Friedman from the Pension Rights Center spoke before a packed auditorium of over 800 retired and active Teamsters and family members at the Treasury sponsored public forum with Kenneth Feinberg in Detroit.

Kenneth Feinberg, Special Master for the U.S. Treasury Department, has announced town hall meetings for Detroit, Michigan on Monday, February 8 and Minneapolis, Minnesota on Tuesday, February 9.

A second Teamster pension plan has filed an application with the U.S. Treasury Department to slash pensions, the Teamster Local 469 Pension Fund. New Jersey Local 469 is headed by International Vice President Fred Potter.

Nearly 400 active and retired Teamsters attended a Greensboro meeting on proposed Central States pension cuts hosted by Kenneth Feinberg, of the U.S. Treasury Department. As at prior town hall meetings in Columbus and Milwaukee, Feinberg was met with a chorus of opposition to the cuts. 

Bill Lichtenwald, under fire after a blistering report by the Independent Review Board (IRB) on his conduct as president of the Ohio Conference of Teamsters, has resigned as a Trustee of the Central States Pension Fund. Many members and retirees say “good riddance!”