Pension Time Bombs: Part 3 - Ill, Dying, and Dead

Mark Greene, a 30-year veteran UPS driver from Upstate NY, found out that the pension he and his organization’s members were counting on for their retirement security was in financial crisis. As president of the Teamsters Alliance for Pension Protection (aka TAPP), a grassroots pension watchdog organization, he led efforts to raise funds to perform the first-ever forensic investigation of The New York State Teamsters Conference Pension & Retirement Fund. The people running the pension had spent millions (money paid by workers’ retirement savings) for bad advice from so-called experts who ultimately ran the pension into the ground. Ted Siedle says “The New York State Teamsters Conference Pension and Retirement Fund did not have to collapse—gross mismanagement caused this crisis.” Listen as Robert, Ted Siedle and Mark Greene give warning to those whose pensions are ill, dying, or dead. Learn more about your ad choices. Visit megaphone.fm/adchoices