Retirement is 10-15 years away. For 26 years, I’ve been working at D.W. Dickey and Son, Inc. I’m a professional truck driver from Lisbon, Ohio. We are represented by Teamster Local Union #92. I’m worried that all these years of hard work and saving for my retirement will be fro nothing.
My employer and I contributed every paycheck to a retirement fund, Central States. It is a multiemployer pension plan (MEPP). All this means is that workers from companies similar to D.Wl Dickey, also represented by Local #92, were part of the plan. Now, we are all being told the fund will go bankrupt in a few years.
We’re not alone. As many as 100 of these plans will fail within the next few years, unless something is done to fix the problem. Congress formed a Joint Select Committee that is supposed to come forward with a plan by November 30. We need action to protect my retirement. I’m depending on them to find a solution that is fair and reasonable.
There is nothing fair or reasonable about asking people who did nothing wrong to accept massive cuts in what they planned and saved to have. My family deserves a government that does the right thing. Thank you.
Ohio Teamster for 26 years