Just as the Central States Fund has proposed drastic cuts for retirees and active Teamsters, the fund execs gave themselves raises. The contrast is sickening.
Fund Director Thomas Nyhan made $694,796 in 2014, according to the Fund’s 5500 financial report. This is a 5% raise from his 2013 salary of $662,060. Most of the top execs got raises: the Top 30 made a total of $475,928 more than the previous year.
Greg Smith, a retiree active in the Northeast Ohio Committee to Protect Pensions, compiled the list and told us “These people are so arrogant they can take nice raises while sending Teamster retirees into poverty.”
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