This retiree is a solid 'NO' vote. Anybody that buys into Central States' BS is dreaming, this will not be the last cut if passed and ultimately the fund will be taken over by PBGC.
Stand your ground and vote the d**m proposal down, it needs to be restructured and cuts made across the board evenly, in CS own words the average cut is 23%. The whole issue needs to be investigated and redone after the fall election. Remember, we are still paying millions per year for PBGC insurance that is worthless. The government can't have it both ways, require us to buy the insurance and then not cover us. CS needs to go after the investment firms in court for the losses also, many other funds have and they received huge settlements. I realize a bailout is out of the question but there are many other options that need to be looked at so everybody is treated fairly, wether they are retired or active on non-active fund participant.
We are doomed if it does go to vote with the present voting rules, historically in any Teamster vote you are lucky to get 28-30% participation. A non-vote counts as a 'YES' vote in the convoluted world of MPRA and it's authors.