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    THE UPS PENSION SCAM

    THE UPS PENSION SCAM


    UPS & Central States Pension Fund has once again teamed up to manipulate and deceive not just their active and retiree’s, but Congress, the American Public, and everyone participating in a multi-employer pension fund. Their high-priced lawyers (and they have many) have learned from the mistakes of MPRA, and are trying to perfect deception with their 20% reduction across the board to the Retiree’s, and the Actives. UPS lobbyist is on Capitol Hill every day selling their plan as the only plan that will work. This worked in 2014 with the Miller Kline proposal, and they are hoping to do so again.

    Recent weeks, UPS has their team who are experts on divide and conquer, and deception, are now visiting Teamster locals around the country, to sell their plan as the only one that will work. With the fund projected to be bankrupt late 2024… UPS is trying to divide the locals, Actives, and the Retirees by telling the locals they will be responsible for the liability… Leaving the locals, and the Actives with nothing. This is deceiving if one loses we all lose!!!

    In short, if UPS is successful with their deception, they have everything to gain and nothing to lose, SAVING UPS, IN THE EXCESS OF 4 BILLION DOLLARS, making Actives and Retirees responsible for fixing the Fund and the PBGC!!!


    Thomas Nyhan (Executive Director of Central States Pension Fund (CSPF)) ability to run the Central States Pension Fund has been a complete failure. With the fund, projected to be insolvent by late 2024, the desperate Thomas Nyhan will do anything to preserve his existence as the Executive Director by teaming up with the deceptive UPS.

    Central States Pension Fund is currently 43% funded, and if the UPS proposal is passed into law, Central States Pension Fund will be able to file another application under MPRA… And I assure if filed… Their application will pass!!!

    The process for NUCPP with stakeholders is to not be drawn into any agreement that requires a cut to any participant.

    NUCPP under the Leadership of Mike Walden and Sherman Liimatainen will not address or endorse cuts… Will actively pursue solvency for the fund protecting including all Actives, and Retirees,

    The credentials of Mike Walden and Sherman Liimatainen of NUCPP is way beyond personal gains in this. Sherman Liimatainen has over 27¾ years in negotiations, with the Central States Pension Fund, And their leadership abilities continue to include all the people who are current and future participants of the Central States Pension Fund.

    In short, if CSPF is successful with their deception to their participants, they too have everything to gain and nothing to lose, worth Billions of Dollars!!! They have been on record saying they do not back any plan, but this statement seems to be in question!!!

    There are over 5 proposals out there now.

    1. KOPPASenator Sanders
    § PER CSPF the numbers work, but the Politics don’t.

    2. UPS plan is to have a 20% reduction across the board.
    § According to CSPF the numbers and politics work

    3. The IBT Proposal Senator Sherrod Brown - Ohio
    § From what I have heard this sounded good.

    4. FAP - Mark Green – New York
    § This is a creative and interesting plan, but in my
    opinion this could work… But will NOT work in time to save the fund!

    5. 1.2.3. Plan - Bernie Anderson & Ken Stribling Wi.
    § This plan would have self-contributions, and from what I heard with a few small adjustments the numbers will work!




    SHARED SACRIFICE, and who it is intended for.

    My question is about shared sacrifice, what exactly is Central States Pension Fund, UPS, the IBT, and yes the Government sacrificing? Under the UPS proposal, the Central States Pension Fund and UPS have everything to gain and nothing to lose…

    WHERES THE SHARED SACRIFICE HERE?

    Under the UPS proposal only the Retiree’s, and Actives have to share the sacrifice. NOW THAT’S FUNNY. We are the only ones that haven’t done anything wrong, but now we are expected to fix the problem which will include fixing the Pension fund, and the PBGC.

    Cash Flow

    For the year ended Dec. 31, UPS generated $5.0 billion in free cash flow. The company paid dividends of $2.5 billion, an increase of 9.0% per share over the prior year. UPS also repurchased 27 million shares for approximately $2.7 billion.

    https://pressroom.ups.com/pressroom/...4361433893-290

    Can somebody please tell me how UPS is sharing the sacrifice???

    Central States Pension Fund Executive Director Thomas Nyhan back in 2014 accepted a $30,000 Dollar raise after his attempt to cut the participants in the Central State Pension Fund. Even today Neither Nyhan or the fund employees are having to share in any sacrifice.

    Maybe it is time to show Central States Pension Fund, and UPS how we the Participants, Veterans, and Middle class think of their proposal.. The best way I know how to get somebody’s attention is to affect their pocketbook!!!

    I BELIEVE NOW AS I DID BEFORE… NO CUTS PERIOD!!!

    John Wilkinson, Director MSWCPP

    https://www.bna.com/ups-proposal-fix-n73014461711/

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  3. #2
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    And just a decade earlier...

    Central States Cuts in Place Until 2028?

    May 16, 2008: The Central States Pension Fund plans to extend the 2002 pension cuts until approximately 2028, according to plan documents obtained by Teamsters for a Democratic Union (TDU).

    The fund does not foresee any more cuts in benefits. But it also does not project moving to a well-funded situation that would allow an increase in pension accruals until 2028.

    This information – and more – is contained in the “Rehabilitation Plan,” which is the plan guiding the fund’s policies. Teamsters for a Democratic Union (TDU) obtained a copy of the plan under the disclosure provisions of the Pension Protection Act.

    Central States is currently 73% funded, with $26 billion in assets.

    For the most part, Central States is continuing the same course it has been on since implementing pension cuts in late 2002. Those cuts reduced annual pension accruals to 1 percent—the minimum amount permitted for plans in the Red Zone.

    As employer contributions increase each year, Central States Teamsters will experience pension improvements. But Teamsters won’t see a big increase until the 1 percent accrual is increased.

    Without an accrual increase, the pension gap between Central States and other regions will grow wider. If current accruals remain in place until 2028, freight Teamsters in the West will earn annual benefits that are 2 ½ times as large as those Teamsters in the Central States earn.

    Eight Percent Rule Will Increase Funding

    To boost its income and funding status, the Rehabilitation Plan requires all contracts bargained to have an 8% per year increase in employer contributions. Almost all contracts are in compliance. The majority of Central States’ contributions come from employers under the freight, carhaul, and DHL contracts. Two of those contracts are settled, and carhaul is being bargained now. They have set the standard of a 65 ¢ an hour pension contribution increase each year, for five years.

    The 8% rule is a hardship on many locals and members, because a good bit of a local’s bargaining power has to be used to meet that requirement, leaving less money for wage increases and health care. In the next contract round, beginning in 2013, the requirement will be reduced to 6% and then 4%, according to the Rehabilitation Plan.

    'Default Schedule”

    One new policy of the fund has worried many Teamsters, and has lit up the phone lines at the fund, locals and TDU. This change is the 'default schedule.”

    This schedule comes into play if a company busts the union, breaks out of the fund, or refuses to agree to the 8% increase in contract bargaining. In this case, the fund’s policy is to eliminate early retirement benefits, and only pay the contribution-based benefit at age 65, or pay benefits reduced by 6% for each year under 65.

    When UPS left the fund in December, the fund implemented this rule, and thus UPS has to provide the full pension to Teamsters retiring after January 1, 2008, until they reach age 65. At that point they will receive two checks, one from Central States and one from UPS.

    While all national contracts and the vast majority of local contracts comply, some Teamsters are still concerned. In many cases, needlessly so. The fund needs to provide more information to members.

    To view a copy of the Central States Fund Rehabilitation Plan, click here.

    http://www.tdu.org/news_central-stat...ace-until-2028
    Then what does the IBT do just one short year later... the impetuous and ignorant SOBs just hand YRC their 'Economic Relief Plan” !!!


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    UPS PENSION SCAM

    THE AMBUSH

    Local Officers and Special Guest from across the country accepted the Central States Pension Fund's invitation, and made the trip to Rosemont Illinois, to attend the briefing on 3 pension proposals. Special Guest included Representatives from UPS, IBT’S Secretary-Treasurer Ken Hall, and NUCPP™ President Mike Walden and Vice President Sherman Liimatainen.

    THIS WAS AN INFORMATIONAL MEETING, we were told, so how could this turn into a non-sanctioned vote, for the International Brotherhood of Teamsters.

    NO DOUBT, this meeting was pre-arranged, Intentions were clear from the beginning, to get the UPS Proposal endorsed by the Teamster locals, and Central States Pension Fund on Wednesday, The information that Nyhan had for the IBT plan was outdated and therefore inaccurate. Even if they had the current plan, their presentation was one-sided at best. Since the IBT turned over their plan to Sherrod Brown and has been re-wrote multiple times.

    IBT’S INTERNAL POLITICS between Hoffa and Hall surely has escalated, threw their disagreements on Pensions. It was late in the day when Hall began cheerleading when he took over the meeting, Hall’s agenda all along was to discredit Hoffa, Murphy and the Sherrod Brown Proposal, saying the numbers did not work.

    CONVINCING THE LOCALS that the Sherrod Brown Plan would send the fund into insolvency. Hall’s final big push was cheerleading for the UPS proposal, ignoring the traditional Roberts Rules of Order, allowing Ken Wood to make the motion to endorse the UPS proposal, which was passed. Surprisingly… Local 89 President Fred Zuckerman 2nd the motion.

    There was no consideration given to any of the other plans presented!!!

    ZUCKERMAN later reported “Unfortunately, it has no Republican support and has no hope of being passed in the present Congress. That's just reality.”

    How many sponsors are sponsoring the UPS proposal?


    ANSWER – UPS HAS NO SPONSORS, EITHER REPUBLICAN OR DEMOCRAT!!!

    ZUCKERMAN “I am not going to BS Teamsters and play political games and allow the Central States Plan to collapse.”

    THE IBT has been struggling with Internal Politics. Officers that attended Wednesday conference thought they were there to be briefed on the 3 proposals, but instead, they ended up endorsing the UPS proposal. THIS TYPE OF POLITICS ARE UNACCEPTABLE under any circumstance. This IBT internal battle is putting every participant’s pensions at risk.

    AND YOU SAY THIS ISN’T POLITICAL?


    MR ZUCKERMAN, My question is how old is the former IBT plan that you have, I am guessing it is not current. My understanding is that the Sherrod Brown plan has been formerly re-written, and released to Central States Pension Fund Actuaries on Friday, September 22, 2017, to run the numbers.

    It is my opinion that between the IBT INTERNAL POLITICS, and the deception that had been used in the past by Nyhan, Hall, and Zuckerman is for political gain, and now being used to divide the Actives and Retirees, You can justify actions by saying anything you want… but end result’s the Retirees were blindsided once again by our so-called leaders.
    Endorsing the UPS PENSION SCAM is premature at best, by not considering any other proposal. You are telling the Retiree that they must accept a 20% cut, while many of you will be drawing multiple pensions. Sorry… WHERE AGAIN IS THE SHARED SACRIFICE?

    LET ME MAKE ONE THING PERFECTLY CLEAR, THIS IS NOT THE END OF THE FIGHT FOR THE RETIREES. THIS IS JUST THE BEGINNING OF THE FIGHT TO SAVE OUR PENSION!!!

    Ken Hall and Fred Zuckerman exposed!!!

    Fred Zuckerman“The Hoffa-Murphy bill can’t get Republican support either. That’s a fact too.”

    Fred Zuckerman“The affected pension funds, including Central States and Western Pennsylvania, have repeatedly told Hoffa that his plan is not viable. The only time the IBT provided the numbers, the Funds told them flat out that the numbers don’t add up and won’t save the fund.”

    Fred Zuckerman“It’s bad enough that the Murphy plan can’t get passed. Even worse, it would not even save the Funds if it did.”

    POLITICS WAS ONLY THE REASON FOR CSPF SPECIAL MEETING…!!!

    FACT - Central States Pension Fund and UPS has over 6 Billion Reasons to force this thru congress!!!

    Fred Zuckerman“Time is short to save the Central States Fund. We cannot wait for years, hoping to change the make-up of Congress. We don’t have two more years to waste. If Central States goes insolvent these things will happen:”

    This is true! Time is running out, but there is no need to panic. We need to look at all plans and see which plan will Work for everybody… the Actives, Retirees, Employers, Government, and yes the Taxpayers.

    THEN MAKE AN EDUCATED DECISION!!!

    Fred Zuckerman“Hundreds of employers will be forced into bankruptcy because they would not be able to pay their withdrawal liability. In turn thousands of Teamsters will be left without jobs."

    The above bankrupt employers will also affect other distressed funds they participate in.
    The employers who are fortunate enough to survive will still be required to make their contributions to the fund without any benefit to the member other than members receiving benefits through the PBGC.

    Dozens of Local Unions will be forced into bankruptcy.

    And we will lose our pensions.”

    YOU WANT THE PARTICIPANTS TO TAKE ONE FOR THE TEAM, who are the only ones on a fixed income to shoulder the financial burden, save the Employers, Pension Funds, and your locals, letting those who are responsible for the funds failures, reap the rewards, keep their 6 figure salary, while the Retiree’s slowly end up in bankruptcy because we will be unable to make our monthly obligations!!!

    LET’S TALK ABOUT SHARED SACRIFICE, How will UPS, Central States Pension Fund, IBT, TDU, Government, and the locals, be Sacrificing? As I see it the only ones being a force to sacrifice is the Actives and Retirees!!! If this happens, what do you think is going to happen to our local economy? You have seen the economic statements. The local Economy will be in for financial difficulties just like everyone else and will be trying to just maintain economic stability, laying off members who live within the community. End results Business’s fail, Senior Citizens, and Veterans can’t pay their monthly obligations.

    CENTRAL STATES PENSION FUND have teamed up with UPS, and Teamster official’s around the country to try to ambush the Active and Retirees. Reality is, our leaders are helping to throw us under the trucks we drove. Why don’t you work together to get YRC paying full rate back into the fund?

    Let’s face it. THE LOCALS think we are greedy, do not want to work with the Retirees. Actives are not willing to fight for their pensions, let alone a decent contract. I know why the locals don’t want to fight… But what I don’t know is why an active participant is not willing to fight for his/her pension???


    IF YOU ARE SERIOUS, then it will be in everybody’s best interest to unite and fight for the same goals… Forget the internal politics and fight together.

    TDU DEFENDING FRED ZUCKERMAN

    TDU, “On September 20, the vast majority of Teamster local officers assembled in Chicago listened to John Murphy and then voted to reject his approach, in favor of a potential bill supported by UPS and the Central States Fund and other pension funds."

    This bill will provide for pension cuts of up to 20% and “shared sacrifice” provisions to provide funding that will shore up pension funds for the long term.”

    TELL ME EXACTLY HOW Central States Pension Fund, UPS, the IBT, TDU and even the Government will be sharing in any sacrifice?


    ANSWER - THEY WON’T!

    If you are really concerned about saving the Employers, the Fund and the Locals then start working with the Retirees… Help unite the Actives and let’s fix this fund together.

    http://www.tdu.org/uniting_the_movem...e_our_pensions

    WHITE COLLAR DEFINITION OF SHARED SACRIFICE
    BLUE COLLOR TAKES THE SACRIFICE!!!
    WHITE COLLOR REAPS THE REWARDS


    NUCPP™ Mike Walden and Sherman Liimatainen are actively working to secure a fair and equitable solution for all Actives, Retirees, Employers, and yes even the taxpayers to guarantee that Central States Pension Fund will be around for the next 30 years plus.

    FACT IS, whatever happens, the fix will have to go thru congress, if we don’t work together, our pension fund will be broke. According to TDU & Fred Zuckerman, the Retirees must take cuts and work with the active's. This is not an acceptable solution for Retirees.

    Work with the retirees, and find a fix that is suitable for all involved.

    CHECK THIS OUT!!!

    THIS IS EXACTLY WHAT NOT TO DO WHEN YOU ARE WORKING FOR A LOCAL. THIS BEHAVIOR IS UNACCEPTABLE, AND JUST SHOWS HOW IGNORANT ONE CAN BE!!!

    https://www.facebook.com/groups/7608...1029298015474/

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  7. #4
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    Pete Landon sent out this response that he wanted circulated along with John Wilkinson's opinion piece asking them to please circulate...

    A response to John Wilkinson

    Please read the post TDU put up on our website in response to the recent Central States meeting. I especially ask you to review the last paragraph.

    http://www.tdu.org/uniting_the_movem...e_our_pensions

    Many active and retired members of TDU have been core activists for the campaign to oppose pension cuts. From the outset, TDU has been about building grassroots solidarity to save our promised pensions. It's true that TDU has been in an electoral coalition - Teamsters Untied - with Fred Zuckerman and othe officers and Teamster members who have challenged the direction of our union on a range of issues. However, TDU is not synonymous with Fred Zuckerman. He has his perspectives, including on pensions, and we have ours. I will say that he has been far more consistent and involved on the pension issue than hundreds of other Teamster officers.

    In our movement to defend pensions, we have had differences along the way. Many have stood with Hoffa and Murphy, for photo ops and otherwise. Many have given local officers a pass when it comes to a lack of visible and active support for our cause. We have agreed to disagree as we've built a big tent with the overriding goal of saving our pensions.

    TDU continues to stand behind the fight for no cuts. Our best bet for winning that is the continued growth and activity of the grassroots campaign. That means continuing to build the solidarity and action we need to protect our retirement security. That means getting legislation passed that protects all of our futures. I look forward to assessing proposed legislation and finding our path to victory. Together we have made a huge difference. In solidarity, we will continue to do the same.
    Well... heres' my question to you Pete Landon... just how in the hell does this refute anything that John Wilkinson wrote in the UPS Pension Scam or Ambush??? And here's another question for you... what makes you think that people will take heed to anything you have to say when you obviously aren't even man enough to directly reply reply to John Wilkinson's opinion piece yourself???

    And as far as that article that TDU put up on their website in response to the recent Central States meeting that you mention... where is your reply to Bob Amsden's reply to that article... after all... he was man enough to post his reply on the TDU site right after it was written... he didn't have to have someone else going around posting his replies that he was too afraid to do so himself. Why is that Pete? I'll tell you why... because you wouldn't be able to handle a direct confrontation on this BS reply that you just made!!!

    Here's Bob's reply again...





    And here's Bob's reply to your response to John Wilkinson's opinion piece...


    Your comments are contradictory. You say that you are fighting for no cuts but on your website article you call for Hoffa to stop the grandstanding and get behind the UPS proposal that all the other IBT officers have chosen to endorse. Even though they are well aware of the fact that the UPS Representative told everyone at the Rosemont meeting that they have not one elected politician willing to co - sponsor there plan. This plan was given to Mike Walden and myself when we first met with the UPS Government Affaires people in Washington DC on December of 2016. Three of us from the Wisconsin/Milwaukee Committee to Protect Pensions again met in Washington DC in February of 2017 at a corner coffee shop and explained to him that after having there Draft looked at by a former CSPF actuary and that it wouldn't work and that speaking for our Committee retirees from Wisconsin that we would not accept a 20% cut he said and I quote „Then we have nothing to talk about”.

    He was then asked if there were any other numbers that would work between 0 to 20% and he answered No and got up and walked away while getting on his cell phone immediately. My question to TDU and every Union Officer is why are you endorsing this idea with no co -sponsorship and yet with out any knowledge of what is going to be in the final proposal from Senator Brown say his plan won't work. Also you keep referring to it as Hoffa's plan when it was turned over to the Senator several months ago and has been severely rewritten and has already gained bi - partisan support. But of course none of you have that information as you weren't at the Washington DC briefing on the 22nd of September were you. And for anyone who claims that they have it is spreading false information. And as far as photo opps go it seems to me that TDU likes to claim a lot of credit along the way also. Even though the two times you went the first one you tried to dissuade people from going and come to your convention instead. And when you attended the Rally on the West Lawn of the Capital you made no mention that it was with the help and efforts of John Murphy to secure all the permits and paid for by the IBT that we pulled of a successful Rally Which drew over 20 Representatives both Republican and Democratic and six other guest speakers but made every one think that you had a hand in organizing it.

    Bob Amsden
    I'm no math whiz but according to my count... that's two replies of his that went unanswered so far... directly or even via Pete's way... getting someone else to do it because he's too afraid to do it himself. Here's a piece of advice for you... if you ever want to be taken seriously... don't ever ask anyone to do something that you aren't man enough to do yourself.

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  9. #5
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    Pete's response again...

    A response to John Wilkinson

    Please read the post TDU put up on our website in response to the recent Central States meeting. I especially ask you to review the last paragraph.

    http://www.tdu.org/uniting_the_movem...e_our_pensions

    Many active and retired members of TDU have been core activists for the campaign to oppose pension cuts. From the outset, TDU has been about building grassroots solidarity to save our promised pensions. It's true that TDU has been in an electoral coalition - Teamsters Untied - with Fred Zuckerman and othe officers and Teamster members who have challenged the direction of our union on a range of issues. However, TDU is not synonymous with Fred Zuckerman. He has his perspectives, including on pensions, and we have ours. I will say that he has been far more consistent and involved on the pension issue than hundreds of other Teamster officers.

    In our movement to defend pensions, we have had differences along the way. Many have stood with Hoffa and Murphy, for photo ops and otherwise. Many have given local officers a pass when it comes to a lack of visible and active support for our cause. We have agreed to disagree as we've built a big tent with the overriding goal of saving our pensions.

    TDU continues to stand behind the fight for no cuts. Our best bet for winning that is the continued growth and activity of the grassroots campaign. That means continuing to build the solidarity and action we need to protect our retirement security. That means getting legislation passed that protects all of our futures. I look forward to assessing proposed legislation and finding our path to victory. Together we have made a huge difference. In solidarity, we will continue to do the same.
    You pleaded with everyone to read the post TDU put up on their website in response to the recent Central States meeting... especially the last paragraph. Well... here it is...

    We call on the Hoffa administration to quit the grandstanding and to work with the vast majority of Teamster officers – most of them Hoffa supporters – who want the Teamsters to unite around a plan to save our pensions and our pension fund.
    But no mention of Zuckerman... why?

    Here is the only statement you had to say in your response as far as Zuckerman was concerned...

    It's true that TDU has been in an electoral coalition - Teamsters Untied - with Fred Zuckerman and othe officers and Teamster members who have challenged the direction of our union on a range of issues. However, TDU is not synonymous with Fred Zuckerman. He has his perspectives, including on pensions, and we have ours. I will say that he has been far more consistent and involved on the pension issue than hundreds of other Teamster officers.
    You say that TDU is not synonymous with Fred Zuckerman... which is just plain BS! How's this for being synonymous with Fred Zuckerman...



    http://www.tdu.org/search_results?q=zuckerman

    Tell me... out of those 402 articles... just how many contain derogatory remarks about Zuckerman? That's right... not one damn one of them! So that sure blows that statement about TDU not being synonymous with Fred Zuckerman... doesn't it?

    And how about this only other reference to Zuckerman in your response...

    He has his perspectives, including on pensions, and we have ours. I will say that he has been far more consistent and involved on the pension issue than hundreds of other Teamster officers.
    'He has his perspectives and we have ours'. Wow... tell us how you really feel... lol

    Let me ask you this... couldn't you just say the same about Junior and leave it at that? Hell no you couldn't... because you're not synonymous with Junior like you are with Zuckerman... are you? Out of all your articles about Zuckerman... this is the harshest statement you ever had to say on Zuckerman's part. But look at how you felt the need to follow that statement up... 'I will say that he has been far more consistent and involved on the pension issue than hundreds of other Teamster officers'. So just who do you think you are fooling when you say that TDU is not synonymous with Fred Zuckerman? You're not only synonymous... you're in bed together!!!

    Tell me... what's so hard about admitting that Zuckerman just screwed up? That will carry a lot more weight with people instead of just beating around the bush when trying to cover it up. That only causes people to lose respect for TDU right along with Zuckerman. How about this... let me start... I always liked Zuckerman and would have voted for him if I wasn't retired but he really screwed up on this pension issue. Now that wasn't so hard... was it?

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    Teamsters rally at UPS in Springfield to fight pension cuts



    SPRINGFIELD, Mo. -- Teamsters from both here in Springfield and the Kansas City area rallied this morning at the local UPS center to raise awareness about a proposed plan to cut their pensions by 20%.

    Some of those who showed up for this morning's rally used to work for UPS. Wes Epperson, a retired Kansas City Teamster, says, 'Some of us worked in freight; I was a UPS driver."

    Burley Swift of Springfield says, 'I was in the Teamsters and I worked for Consumers here in Springfield."

    But they're all retired Teamsters who rely on the same pension fund. „I paid into this retirement for 27 years; nobody gave it to me,” says Swift.

    The pension fund is in trouble, and its trustees are looking at restructuring to avoid the fund eventually failing. UPS has proposed a 20% cut to benefits to once again make the pension plan viable.

    'It will affect anybody that's in the Teamsters pension plan," says Swift.

    Ralliers say a cut would hurt 400,000 Teamsters accross the country.

    Epperson says, 'You're talking house payments, car payments; a lot of people have high medical expenses and prescriptions, diabetes, cancer, heart disease. We're all retirees."

    UPS spokesman Steve Gaut says, 'UPS is troubled by the difficult and potentially life-changing impact of pension benefit reductions on current and future retirees.

    Allowing multiemployer plans to default likely brings far deeper cuts than addressing the funding issues today, while there is time to make a difference. Simply hoping for a full federal bailout of failing multiemployer plans is not a viable solution. The company is working to develop alternative solutions that will help address the declining health of multiemployer pension plans.”

    Staff at the local Teamsters hall actually asked ralliers to leave the building because they were too loud. The local Teamsters principal officer says he would rather see retirees get 80 of their pensions than nothing in a few years.

    'We oppose them unilaterally trying to implement a plan without any input from retirees. It's our pension; we earned it; we'd like to have a seat at the table," says Epperson.

    So far, no plan has gone to Congress for approval. Some Teamsters are holding out hope for a plan with no cuts. UPS says some Teamsters leadership has actually supported the proposed plan.

    http://www.ky3.com/content/news/Team...450620213.html

    0 Not allowed! Not allowed!
    It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men...Samuel Adams

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