Teamsters pension crisis sapping Hoffa’s support, power

[Omaha Steve]

http://dailycaller.com/2013/04/18/teamsters-pension-crisis-sapping-hoffas-support-power/

Patrick Howley
Investigative Reporter

International Brotherhood of Teamsters general president Jimmy Hoffa Jr.’s response to his union’s pension crisis is sapping Hoffa’s support among Teamsters members, according to insiders.

The International Brotherhood of Teamsters is one of the forces lobbying Congress for legislation based on the National Coordinating Committee for Multiemployer Plans’ report “Solutions, Not Bailouts.” The report urges new congressional legislation to allow “deeply troubled” funds to cut employees’ pensions.

The Central States Pension Fund, which serves Teamsters members across the country and which also happens to be “deeply troubled,” has joined the Teamsters in lobbying for the new legislation. Insiders believe that the Fund plans to make across-the-board pension cuts.

The Teamsters’ unwillingness to allow companies to move Teamsters members out of the fund and into more secure retirement plans has enraged Teamsters members and sparked backlash against Hoffa.


FULL story at link.

[demosincebirth]

1. Central States Pension Fund is "Central States." In the west, we have the Western Conference

of Teamsters Trust Fund, which has always been solvent. There is a long history about the Central States Pension.

[Skeeter Barnes]

2. They never should have let UPS out.

Hoffa didn't need to make that deal, IMO. The Overnite guys would have joined anyway. You can't work for UPS without Union representation and expect to keep your job for very long.

There was already a lot of opposition to Hoffa / Hall in the last election but he still won. He got more votes the Gegare and Pope combined. I don't know a single freight Teamster that likes him though so he must get a lot of support from the members that aren't in the freight industry.

Sandy Pope won our Local, though.

[Omaha Steve]

3. Welcome to the Labor Movement Group

We area great place to spend some time.

[Teamster Jeff]

4. A lot of Freight companies folded over the last 30 years

That weakened the fund too.

[Skeeter Barnes]

5. UPS / Teamsters = largest CBA in North America

The effects of removing that many people from the Central States pension fund would have been obvious to the current administration.

[demosincebirth]

7. Like I said before, Central States has a long history. The history is the connection with the Las

Vegas mafia.

chicagotribune.com/1985-10-28/news/8503130785_1_cleveland-mafia-kansas-city-mafia-angelo-lonardo

There are many more articles about my International Union and corruption. Most of the money came from the Central states pension fund.

[demosincebirth]

6. Yup, thanks to deregulation.