I’d like to introduce myself…
My name is Bill Lickert, Jr. I have been appointed the Retiree Representative of the Western Pennsylvania Teamsters & Employers Pension Fund. In an attempt to avoid the Pension Fund from becoming insolvent, the Pension Fund’s Trustees have decided to initiate a process that could reduce the benefits of most retirees currently receiving a pension from the Pension Fund. The law that governs this process is called the Multiemployer Pension Reform Act of 2014.
We are all facing a difficult situation. Recognizing your family’s livelihood is at stake with proposed pension cuts, I will listen closely, share developments, and advocate in your best interest.
That same law requires the Pension Fund Trustees to appoint a Retiree Representative, and I have been selected for that job. I am responsible for listening to your concerns and advocating on your behalf. Like many of you, I am receiving a pension from the Pension Fund and am concerned about what happens if my pension is cut. I pledge that I will listen to you, share developments as the process unfolds, and advocate on your behalf. We are in this together and can accomplish more standing united.
I was a member of the Teamsters for 28 years before I retired. I am currently receiving benefits from the Pension Fund. In May 2017, the Pension Fund’s Board of Trustees asked me to serve as the Retiree Representative, and after careful thought I agreed.
I receive no compensation for my service as the Pension Fund’s Retiree Representative. My service as Retiree Representative is entirely voluntary.
Why was I appointed Retiree Representative?
The Pension Fund’s Trustees decided to file an application with the United States Treasury Department under a law called the Multiemployer Pension Reform Act of 2014 (MPRA). MPRA is also known as the Kline-Miller Act. MPRA requires the Pension Fund’s Trustees to appoint a Retiree Representative because the Pension Fund has more than 10,000 participants. The only requirement to serving as Retiree Representative is being a participant in pay status in the Pension Fund.