. . . The courts and then the Feds will mandate the funds be transferred to the APWA pension Accounts. As I see it you just may get all the money sent in your name not just 60% . . .
You need to read this Federal Court of Appeals decision . . .
USCA1 Opinion 91-1542
You will see that the courts are not on your side and there are major hurdles that you must overcome in order to transfer UPS-contributed money out of a Teamsters pension plan.
The above link is to the Appeal of the original case, which the rank and file UPS reformers also lost. I have a copy of the original decision dated 4-19-1991 Civil Action No. 86-3690-H by Judge Harrington, but it's not available easily on line. I attended the original case in person. It was a real eyeopener.
Exerpt from the above link . . .
UNITED STATES COURT OF APPEALS FOR THE FIRST CIRCUIT No. 91-1542
RONALD W. CATERINO, ET AL., Plaintiffs, Appellants,
v.
J. LEO BARRY, ET AL., Defendants, Appellees.
APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MASSACHUSETTS
[Hon. Edward friend. Harrington, U.S. District Judge]
Before Breyer, Chief Judge, Cyr and Stahl, Circuit Judges.
November 12, 1993
"The Teamsters Pension Fund, being a multi-employer fund, spreads the benefits of such excess contributions among all participants in the Fund. In a single-employer plan, the UPS employees realized, they would not have to share their "excess" with others. And unshared, UPS' $1.66 per hour contribution, as of 1986, could buy pensions of $2600 per month (instead of $900 per month) for UPS employees who retired from UPS service after twenty-five years. Alternatively, UPS, in a single-employer plan, could fund the $900 per month pension for employees retiring after 25 years with a contribution of less than 70 cents (rather than $1.66) for every employee hour worked."