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Letter from NYS Teamsters Pension Plan
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<blockquote data-quote="JonFrum" data-source="post: 727045" data-attributes="member: 18044"><p>I suspect your pension plan is a multi-employer plan explicitly <u>not</u> "owned by the Teamsters." By law, it is a completely seperate legal entity run by a Board of Trustees composed of an equal number of Union and Employer trustees.</p><p>- - - -</p><p>Good advice about providing for your own retirement beyond what you may (or may not) get from your pension plan and Social Security. Just be aware that many who have followed that policy already invested their private money in the very same stock market as the pension funds did, and probably lost comparable amounts of money. Ironically, the more prudent you were by saving over the years, the more you probably lost.</p><p>- - - -</p><p>Other pension plans are sending out similar letters. TDU discusses the Central States letter and provides a copy here:</p><p><a href="https://web.archive.org/web/20101220234221/http://tdu.org/node/3893" target="_blank">https://web.archive.org/web/20101220234221/http://tdu.org/node/3893</a></p></blockquote><p></p>
[QUOTE="JonFrum, post: 727045, member: 18044"] I suspect your pension plan is a multi-employer plan explicitly [U]not[/U] "owned by the Teamsters." By law, it is a completely seperate legal entity run by a Board of Trustees composed of an equal number of Union and Employer trustees. - - - - Good advice about providing for your own retirement beyond what you may (or may not) get from your pension plan and Social Security. Just be aware that many who have followed that policy already invested their private money in the very same stock market as the pension funds did, and probably lost comparable amounts of money. Ironically, the more prudent you were by saving over the years, the more you probably lost. - - - - Other pension plans are sending out similar letters. TDU discusses the Central States letter and provides a copy here: [URL]https://web.archive.org/web/20101220234221/http://tdu.org/node/3893[/URL] [/QUOTE]
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Letter from NYS Teamsters Pension Plan
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