Retirees and Actives who were slated to lose 40 to 70% starting on July 1, 2016 have joined together to fight to keep their pensions. On May 6, 2016 Kenneth Feinberg, the Treasury Department’s special master appointed to review Central States’ application, said the rejected proposal was based on flawed investment assumptions. It didn’t distribute benefit cuts equitably, and notices for workers and retirees weren’t easy to understand. But retirees speaking out at town hall meetings against the cuts also influenced the decision. Many Congressmen, and Senators along with the IBT, Pension Rights Center, TDU, and AARP (the list is long), along with Retirees, and Active participants was in contact with Kenneth Feinberg and the Treasury Department requesting that the rescue plan be rejected. I personally like to thank all that joined in to push for the denial of CSPF flawed rescue plan that! CSPF teamsters have won the 1st. battle. We know this is not over and time to start preparing for the next Pension battle. Central States Pension Fund is still in critical status, and is projected to be out of money in 10 years. Now is the time to be in contact with your State and Federal Representatives, requesting that they support KOPPA (S.1631). PENSION ACCOUNTABILITY ACT (.2147), along with the latest Legislation to Hold Pension Fund Executives Accountable if Retirees’ Benefits are Cut act(S. 2894). It has been reported by good sources, that there is another bill being looked at now, and should have more details coming soon. We also need to be pushing congress to repeal the Multiemployer Pension Reform Act, This is not going to be an easy battle. 60 Groups have formed in over 30 States, working together with the same goal in mind. Do the math… CSPF Executive Director Thomas Nyhan needs to be held accountable for his actions, along with fund Trustees. This is what they want everybody to concentrate on to see sell his flawed rescue plan. The ratio of Retiree’s to Actives are a problem… No Argument there. But this is not the real problem… This is not the root of the problem we are facing. By consent decree the government gained control of the Central States Pension Fund in 1982. . The government selected the banks that managed the CSPF while under the consent decree. . These banks "failed" to follow the provisions of ERIAS federal law that govern their fiduciary conduct. . As a result they "repeatedly" lost many $Billions of Fund retirement money due to high risk investments that were referred to as fraudulent… The DOL "repeatedly failed" to enforce the provisions of ERISA that govern the conduct of retirement plan fiduciaries. The DOL proclaims to assure the security of our retirement benefits in the EBSA "Mission Statement.” +How the CSPF became severely underfunded was not the result of a "one time mistake" or "one time lapse of judgment." It was the disregard for and repeated violations of ERISA federal law. Since 1982 CSPF has lost over $20 Billion Dollars. In 2008-2009 CSPF lost 11 Billion. CSPF- Rescue Plan- NCCMP Executive Director Randy Defrehn, and CSPF Executive Director Thomas Nyhan, used CSPF team of Lawyers. MPRA was wrote and introduced to congress (Took about 2 years using the Funds Money to cut Teamster Pensions). CSPF gave Washington Lobbyist another 6 Million Dollars to make sure their bill is passed. CSPF knew this bill would not be passed on its own merit, so they used the divide and conquer strategy. They knew if they could create a division within, they would have a better chance to push these cuts thru with the least amount of resistance. With that being said, CSPF Executive Director Thomas Nyhan, and the fund Trustees does not have the experience or the ability to run a fund like CSPF (They did not seek any other solutions other than cutting pensions of the Active and Retired workers), and needs to be replaced by the proper agencies (DOL). CSPF members have lost faith in the leaders of CSPF, and they should be replaced immediately. The members do not have a say in this, and most be done as soon as possible. IMO the actives are being told that in 10 years the fund is going to be broke. This very well could happen. Pension Cuts will be devastating to Both Active and Retiree’s!!! Retiree’s… Try to think about this from the Active Teamsters view. They know without a miracle they stand to lose what they are still paying in, and may never be able to retiree without even drawing a single check. I know if I was still active working I would be pissed. They have done nothing wrong, but could suffer if something is not done. Actives… Try to think how this is going to affect the Retiree’s that stand to lose everything, not be able to pay for everyday living, and raising healthcare. Pension cuts will devastate them thru loss of their financial freedom, and most will be unable to make up the difference. If Retirees had to take the cuts, many would face Bankruptcy, and unable to pay for their monthly obligations, causing hardship to not just them, but their families, friends, local Business’s, Schools, Communities, County, State’s and the Federal Government who all depend on the revenue to keep operating. This was not caused by Retiree’s, or Active workers. We sure do not need to blame one another. We need to unite and fight together. This is our only chance. We can be heard thru strength and numbers. I know some would like to see CSPF dissolved, and the money dispersed. This will never happen. IMO the Government may not act on this immediately, but will have to do something within the near future. Their priority right now is working on solving the Miners Pensions, which is projected to be insolvent December 2016. They will not let CSPF go under, putting the Government Controlled PBGC in grave danger of collapse!!! This is only my opinion!!! Congress may not want to deal with this, but if they don’t, this may cause the next Economic Disaster. Congress may be more concerned in the economy, and how it will affect the nation. We all know they don’t care about Senior Citizens, and Retirees. Let’s stand together, and be heard!!!