What's new

More Feinberg Decision/Treasury/Central States Pension Stories

Freightmaster1

Freightmaster1

TB Legend
Credits
598
Treasury rejects plan to cut pension benefits for some retirees








Treasury rejects plan to cut pension benefits for some r...
The proposal by the Central States Pension Fund was the first test of a 2014 law that allowed troubled pension plans to cut benefits for retirees.
View on www.washingtonpost...
Preview by Yahoo

and
Federal officials reject proposed Central States pension cut...








Federal officials reject proposed Central States pension...
A plan to cut retirement pensions for thousands of Teamsters truck drivers has been denied by the U.S. Treasury Department. The plan proposed by officials of the Ce...
View on www.duluthnewstribu...
Preview by Yahoo

and
U.S. Rejects Pension Fund’s Proposal to Slash Teamster Benefits | Trucks.com








U.S. Rejects Pension Fund’s Proposal to Slash Teamster B...
The Treasury Department rejected a plan by the Central States Pension Fund to slash the benefits of more than 200,000 truck driver retirees.
View on www.trucks.com
Preview by Yahoo

and
Teamster retirees welcome pension decision








Teamster retirees welcome pension decision
More work ahead for retiree committees.
View on www.timesreporter.com
Preview by Yahoo

and
Treasury rejects fund’s plan to cut Teamster retiree benefits








Treasury rejects fund’s plan to cut Teamster retiree ben...
The Treasury Department on Friday rejected a proposal by a pension fund to cut the payout for hundreds of thousands of truck drivers, construction workers and other...
View on www.twincities.com
Preview by Yahoo

and
Retirees bracing for pension cuts








Retirees bracing for pension cuts
Hundreds of thousands of retirees bracing for 50 percent cuts to their pension will be spared -- at least for a while longer.
View on www.fox4news.com
Preview by Yahoo

and
Treasury rejects Central States plan to cut pensions; victory for truck labor – DC Velocity








Treasury rejects Central States plan to cut pensions; vi...
Feinberg's decision preserves benefits for thousands of trucking employees, takes UPS off multibillion dollar hook for filling shortfall.
View on www.dcvelocity.com
Preview by Yahoo









http://www.qconline.com/news/local/...cle_da0986bf-9379-5b29-a5aa-01312fd4ab4d.html
 
And even more....

Treasury Department Rejects Central States Pension Fund Plan to Cut Teamsters Benefits | Transport Topics Online








Treasury Department Rejects Central States Pension Fund ...
The U.S. Treasury Department, through Special Master Kenneth Feinberg, has rejected Central States Pension Fund’s proposal to cut benefits for 270,000 Teamsters ...
View on www.ttnews.com
Preview by Yahoo

and
30,000 Michigan Teamsters avoid pension cuts








30,000 Michigan Teamsters avoid pension cuts
The U.S. Treasury Department rejected a Teamsters Central State Pension Plan proposal that would have started in July.
View on www.detroitnews.com
Preview by Yahoo

and
Teamster Pensions Safe, For Now








Teamster Pensions Safe, For Now
There's good news for thousands of retired members of the Teamsters Union. The Treasury Department has denied a request from the Central States
View on peoriapublicradio.org
Preview by Yahoo

and
Treasury rejects Central States' proposed pension cuts








Treasury rejects Central States' proposed pension cuts
Area lawmakers on Friday afternoon praised the Treasury Department's decision to reject an application by the Central States Pension Fund to cut benefits from retir...
View on www.qconline.com
Preview by Yahoo

and
Feds reject plan to slash Teamsters pension benefits








Feds reject plan to slash Teamsters pension benefits
The decision blocks the pending pension cuts, but the pension plan remains severely underfunded and is projected to become insolvent soon.
View on www.kspr.com
Preview by Yahoo

and
Treasury rejects plan to cut Teamsters' pensions








Treasury rejects plan to cut Teamsters' pensions
The Treasury Department rejected a plan Friday that would have slashed pensions promised to more than 200,000 Teamsters.
View on www.desmoinesregiste...
Preview by Yahoo

and
Federal officials reject cuts in Teamster pensions








Federal officials reject cuts in Teamster pensions
Local retired truckers faced huge cuts
View on www.sanduskyregister...
Preview by Yahoo

and
Mediator rejects plan that would have cut Teamsters benefits








Mediator rejects plan that would have cut Teamsters bene...
U.S. federal mediator Kenneth Feinberg rejected the Central States Pension Fund’s rescue plan that would have cut benefits formore than 250,000 working and retir...
View on www.charlotteobserve...
Preview by Yahoo

and
Treasury Department Preserves Teamsters' Pensions - 15,000 in Wisconsin








Treasury Department Preserves Teamsters' Pensions - 15,0...
Update: On Friday, The U.S. Treasury Department notched a victory for more than 200,000 retired Teamsters across the country, who had been promised a
View on wuwm.com
Preview by Yahoo

and
Pension cuts rejected by U.S. Treasury Department








Pension cuts rejected by U.S. Treasury Department
The U.S. Treasury Department has rejected a plan that would have cut pension benefits for more than 272,000 people nationwide, including more than 1,000 in Sout...
View on www.argusleader.com
Preview by Yahoo
 
and finally....
Treasury rejects plan to cut benefits for some Teamster retirees








Treasury rejects plan to cut benefits for some Teamster ...
Local retirees with the Central States Pension Fund were worried about deep pension cuts
View on www.stltoday.com
Preview by Yahoo

and
U.S. Treasury Secretary rejects planned pension cuts for Quad City workers








U.S. Treasury Secretary rejects planned pension cuts for...
The U.S. Treasury Department Friday rejected a plan to cut benefits from their retirement plan, but it doesn’t fix the larger problem.
View on kwqc.com
Preview by Yahoo
 
So how it this actually a victory? It now runs out sooner, in years it leaving people zero, instead of half.

If CSPF tries again, the cuts they will request next time will be BIGGER.
 
How about instead of a slow death of the pension.
Just slice the pot up,& cut us a last check to bank it,invest it,or blow it anyway we want.
 
Central States and so many other pension funds need a cash infusion to avoid getting thrown into PBGC. There are only 2 ways to obtain the needed capitol and that is either public or private funding.
You can forget public funding, it ain't gonna happen. People will look at the success of the Western Conference of Teamsters Pension Trust and ask, if they could be so successful why couldn't you? That's a hard argument to overcome. That leaves private financing. If I understand correctly, union dues are 2 hours wages per month. Cut the union dues to 1 hour per month and the other hour goes to Central States. Let's see just how committed Hoffa and his cronies are to saving Central States. You already know the answer to that question. Hoffa will be screaming bloody murder but how many corporate jets does union management need? I don't know how much money Central needs in order to survive, but right now the pressing issue is to tread water not swim to shore.
 
Last edited:
Dracula said:
Central States and so many other pension funds need a cash infusion to avoid getting thrown into PBGC. There are only 2 ways to obtain the needed capitol and that is either public or private funding.
You can forget public funding, it ain't gonna happen. People will look at the success of the Western Conference of Teamsters Pension Trust and ask, if they could be so successful why couldn't you? That's a hard argument to overcome. That leaves private financing. If I understand correctly, union dues are 2 hours wages per month. Cut the union dues to 1 hour per month and the other hour goes to Central States. Let's see just how committed Hoffa and his cronies are to saving Central States. You already know the answer to that question. Hoffa will be screaming bloody murder but how many corporate jets does union management need? I don't know how much money Central needs in order to survive, but right now the pressing issue is to tread water not swim to shore.
Click to expand...
Mr. Nyhan says the magic number is 11 billion dollars. So they need to find the 6 billion UPS gave them and the 2 bill lost in stock market last year and they will be getting close, maybe just maybe the drop in the bucket cost of their raises and half of their paychecks will be forthcoming. :1sm364jumpbed::lmao::biglaugh::hysterical::hilarious: Good Lord, that is funny. :poster oops::stirthepot:
 
You must log in or register to reply here.
Top