I am currently the president of the Cincinnati Retired Teamster Club. I’m retired from USF Holland Mtr. Exp. and retired in 2007 with 40 plus years’ service. I was involved in a divorce in 1993 and lost all my 4o plus assets in order to keep my promised pension from CSPF. I started over with a 1973 pickup truck, a new mortgage payment, and all the things that go with starting over. I met all the rules that the fund had set up for me to retire , worked until I was 67 years old and could afford to live on my promised pension that I had contributed to all my working life. The Justice Department said the fund was corrupt and they were to oversee the activity. Since then the fund has lost billions thru mismanagement and too big to fail banks. I’m being asked to give up over 50% of that which has been earned to rescue a dying fund that can’t be rescued and is at the end of the beginning for all of us. These corrupt people are too big to fail and too big to jail. Let me say in all honesty to the rescue plan, thanks but no thanks.
< Back