Retiree Representative to the Automotive Industries Pension Fund

 

The Leonard O’Brien law firm and its attorneys are solely counsel to the Automotive Industries Pension Fund Retiree Representative, Mr. Monteiro. We are not counsel to the Fund. We are not counsel to participants in the Fund. Nothing contained in this webpage, its links, or Mr. Monteiro’s letters, is legal advice. You must retain your own legal counsel if you want legal advice.

NOTICE: On May 9, 2017, the Treasury Department denied the Automotive Industries Pension Plan’s application to reduce benefits under MPRA on the basis that the proposed suspension is not reasonably estimated to achieve the level that is necessary to avoid insolvency.  Treasury determined that the Fund underestimated its cash flow in its assumptions about participant mortality, spousal survivor benefits, and the commencement of benefits for terminated vested participants. Click here to read Treasury’s denial letter.

NOTICE: The Fund has transitioned to a new Third Party Administrator. Participants have received a notice from the Board of Trustees regarding this change. You may also access the notice here.

You may reach the Fund Administrator at:
Telephone:

(510) 836-2484
(800) 635-3105

Mailing Address:
Automotive Industries Pension Trust
4160 Dublin Boulevard Suite 400
Dublin, CA 94568

and

Automotive Industries Pension Trust
P.O. Box 55516
Hayward, CA 94545

NOTICE: The Trustees for the Automotive Industries Pension Fund filed an application with Treasury on September 27, 2016 for a reduction in benefits. You should have received an envelope from the Fund with important information about how the proposed benefit reduction plan will impact your benefits.

You may view the application here and read Mr. Ray Monteiro’s comment on the application here. The comment period is now closed.

The Automotive Industries Pension Fund (the “Fund”) faces serious financial challenges. The Fund’s Trustees are continuing to make every effort to ensure that the Fund continues to pay benefits. Their efforts include consideration of benefit reductions under the Multiemployer Pension Reform Act of 2014 (“MPRA”). As a result, the Trustees are required by law to appoint a “Retiree Representative”.  

Mr. Ray Monteiro has been appointed to serve in that role. Mr. Monteiro joined the IAM union in 1972. He started his career at a Buick car dealership in Oakland. He worked continuously in the industry until 2009, when he retired. He is currently receiving a pension check from the Fund. Under the proposed benefit reduction plan, his benefit will be significantly reduced. His role is to be a voice on behalf of all the Fund’s retirees while the Fund considers benefit reductions under MPRA, and to independently review any proposed reductions to benefit payments by the Fund. He will not be paid for serving as Retiree Representative.  However, the Fund will reimburse him for the costs of independent legal counsel and actuarial consultants to assist his review.

Mr. Monteiro did not have a vote on whether the Trustees applied for a benefit reduction. He did however, provide to the Trustees all of the emails and letters you had sent to him before the application was filed. He would like to continue to hear from you regarding your comments and concerns about the proposed benefit reductions.  He will communicate with the Trustees regarding your comments and concerns.  

He can be reached via email at: autoindustriesretireerep@losgs.com.  You may also send a letter to him via U.S. Mail at P.O. Box 15610, Minneapolis, MN 55415. You may also call him at: 1-855-545-3360. Due to the anticipated high volume of calls, please leave a voicemail message and your call will be returned as promptly as possible. As a reminder, Mr. Monteiro does not have any information about your specific benefit. If you have questions about your benefit, please contact the Fund Administrator. The Fund Administrator may be reached at:

Telephone:
(510) 836-2484
(800) 635-3105

Mailing Address:
Automotive Industries Pension Trust
4160 Dublin Boulevard Suite 400
Dublin, CA 94568

and

Automotive Industries Pension Trust
P.O. Box 55516
Hayward, CA 94545 

Mr. Monteiro has retained Leonard, O’Brien, Spencer, Gale & Sayre, Ltd. as his counsel. We are solely counsel to Mr. Monteiro. We are not counsel to the Fund, nor are we counsel to participants in the Fund. Media inquiries should be directed to Attorney Pamela H. Nissen at pnissen@losgs.com.

Mr. Monteiro also retained an actuary to review all of the Fund’s financial information and the proposed benefit reduction plan. The actuary has been provided information about the Fund’s financial condition as well as all of the details of the proposed benefiti reduction plan. You may access the actuary’s report here.

The application was filed with Treasury on September 27, 2016. Participants and beneficiaries were given the opportunity to submit comments on the application. The comment period is now closed. You may view the application and read the comments here: https://www.treasury.gov/services/Pages/Plan-Applications.aspx.

On this page, we will post communications from Mr. Monteiro to participants in the Automotive Industries Pension Fund and other relevant information:

Additional information:

Practice Areas

Updated May 17, 2017

Key Documents

Contact your Elected Officials

United States Senate:
Barbara Boxter (D-CA)
Dianne Feinstein (D-CA)

United States House of Representatives:
Find your District 
Contact Your Representative

Open Meeting Information

If you were unable to attend an open meeting, please access the materials below.

PowerPoint Presentation at Open Meeting

Video Recording of Open Meeting