I am going to reply to your reply in sequence
1: Yes the government did place the central states pension fund in trusteeship. However, that was due to the entire Teamsters orginization being placed under federal trusteeship for racketeering and corruption, and the pension fund was included because it involved financial contributions on behalf of the membership that were participants in cspf. At the time of the fund being placed under trusteeship, the IRS also ordered a directive to the fund to issue a 13th check to retirees so the government could get the extra tax revenue. That was all due to the cspf being approximately 120% funded at the time. Also at that time the cspf was forced to up retirees monthly payments and introduce formulas of 25 years and out and 30 years and out at any age. Factor in the damage inflicted on the Teamsters due to deregulation of the trucking industry (that brought massive company closures) and the recipe for disaster was made.
2: The Teamsters had no choice but to let UPS withdraw from cspf. Any employer that comes forward with a check in hand for the amount of their withdrawl liability has the LEGAL RIGHT to withdraw. The Teamsters, or any other union signatory to cspf, can do nothing to keep that from happening. And it was also done within the constitution of the Teamsters union, each and every dues paying member employed by UPS had a vote in the matter, and the majority of UPS employees voted in favor of withdrawing from cspf. The Teamsters are a Democracy, the members get a vote on any and all changes to contractual obligations.
3: UPS paid somewhere in the ballpark of 6.1 BILLION ( alot of $ ) for their withdrawl. Was the money mismanaged? There have been many different analysts opinions on the issue and they do vary, that makes it inconclusive. However, at that time a perfect storm was brewing in Wall Street and the manufacturing sector aka "the recession", and nobady saw that coming. Couple that with the amount of retirees getting a monthly check outnumbering the amount of actives having contributions made, the math is easy to do. And yes there are some Wall Street fat cats out there that got fat on our dime, but if there was any link to Teamster leadership they would have already been removed from office and brought up on both internal and criminal charges by now.
None of my reply makes for juicy reproach against the Teamsters Union, but it is factual. And you can rest assure that Brad Jacobs and his band of cronies would never circulate the facts, they are much happier with their enslaved employees being in the dark. Joining the Teamsters is the only option you people have to get security in the workplace and our entire industry. You all work too hard to be mistreated and disrespected.