Across the nation, more than 400,000 active and retired Teamsters and their dependents are facing huge cuts to their pensions.
In many cases, the cuts are up to 50 percent for those already retired.
However, those responsible for managing the critically underfunded pension fund don’t seem to be feeling the same pain that union members are.
In fact, according to the Teamsters for a Democratic Union, Central States Pension Fund Director Thomas Nyhan made $694,796 in 2014—a $32,000 raise from the previous year.
- Related: The Teamsters’ Sinking Ship: Central States Pension Fund Is “Headed For Financial Failure…”