Harley; you aren't going to 'see it' or agree. So, hire an attorney and go at it. Just be aware, few will join your suit, and don't invest more in it than you can afford to lose. You won't agree with concensus that sees it different, so go to court and prove us wrong.
This is a smart a$$ answer and uncalled for. I will see "it" when someone gives a good answer. There are a lot of things I see, but there are points that have not been answered. What I'm seeing is a couple of "apologists" for Central States. Makes me wonder if you work at CS. Only Muler has given part of an answer to my question. If ABF has lost their pre-57 retirement, then they ARE included in at least part of this.
BUT, I still would like to know what I would retire with monthly if I worked at ABF and retired with 27 years paid in at 59 years old. I had enough accrued benefits at that time to receive $2700, but it was cut to about $1700. Would it be the same if I worked for ABF?
Yes, I realize YRC has stopped paying into the fund, BUT this is what I had accrued BEFORE that. The TDU link "ilikeit" posted:
Central States Slashes Pensions for YRCW Teamsters | Teamsters for a Democratic Union, only reinforces my thoughts that only YRC is getting 'benefits accrued' cut. I quote the first two paragraphs from that page:
"March 25, 2011: Central States is totally eliminating early retirement for YRC Teamsters and dropping them into the rock bottom plan.
Hoffa told YRC Teamsters to take givebacks. He never told them they would lose their already-earned pension credits."
"ALREADY-EARNED PENSION CREDITS." ERISA protects against this. If ABF is suffering the exact same fate to their already earned pension credits, then the Pension Protection Act of 2006 must be the cause. If not, then YRC is getting screwed contrary to ERISA in my eyes.
Now, how about a clear, proven answer to that? (I'm not saying I have the answer, I'm still looking for it.....ALL of it.)