Stonewalling Continues By Local 804 Pension Fund Trustees

After violating federal law for more than four months, the Local 804 Pension Fund finally responded to members’ legal requests for documents from our pension fund. But our fund continues to violate the Pension Protection Act by refusing to turn over the most important documents that members requested.

What are our trustees hiding and when will they comply with federal law?

Our Pension Fund finally turned over some documents this month, including reports from various investment managers. But the Fund did not turn over the most important documents that members requested—including the Actuarial Valuation Report and other actuarial reports, despite a specific request for this information from members’ legal counsel.

Members are legally entitled to these documents. Every other major Teamster fund has provided this information to members within 30 days or less—sometimes without charge.

In contrast, our Local 804 trustees to the Pension Fund not only have refused to turn over documents, they have even charged members for documents that they refused to provide. The Fund billed shop steward Tim Sylvester more than $125 for pension documents—but more than 25 percent of these documents were missing!

You can rest assured that the Local 804 Pension Fund will be hearing again from our attorney. But why is it coming down to this?

The Local 804 Pension Fund is run out of UPS Corporate Headquarters in Atlanta. But the Fund Manager there answers to the Trustees on the Fund.

Four of the Trustees are controlled by UPS. Three come from Local 804.

Don’t they have any pull?

Our three Union Trustees on the Pension Fund are Howie Redmond, Tony Magrene and Bill Buhlert. If you see one of them, ask them when they are going to take action to get Local 804 members the same information that Teamsters across the country are getting without delay.

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