Here`s the latest news about the pension groups that are covered by the IBT ! Western conference will be reducing the total amount of $ going towards your account. New York is in the works to reduce by 30% starting Jan 1st. Looks like this is the way of the pension plans. Couple of years back Central States took their hit and no one else thought this would happen to them. Reality is setting in. Don`t wait for the train to fall off the tracks before you try to fix things ? Cause that is what ups will be facing for the future trying to put the train back on a right track. It is a uphill battle !