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"In denying bus workers a contract that includes access to the New England Teamsters Pension Fund, First Student is not only doing their workers a disservice, but New Hampshire communities ...
Meanwhile, there was growing concern over the solvency of Teamster pension funds, particularly the giant Central States Pension Fund. While the 2008 financial crisis was partly to blame, a bigger problem was that Teamster leaders had let key contributing employers walk away from their pension obligations, leaving the funds in dire shape. [34]
The way in which the union was structured meant that all Teamsters would receive synonymous benefits, regardless of what company they actually worked for. These benefits were controlled by the Teamsters multi-employer pension fund. UPS wanted to back out of the plan, and offer their workers a new pension plan that UPS would control. [6]
Lewis became an activist after the Multiemployer Pension Reform Act of 2014 threatened massive cuts to pensions plans. [8] He volunteered to organize and advocate on behalf of his fellow union workers and retirees, working with public officials and the Pension Rights Center to enact counter-legislation to the 2014 benefit cuts. [ 8 ]
Legislation aimed at saving the Teamsters' Central States Pension Fund from bankruptcy has a much better chance of making it through the new Congress, the union tells FreightWaves. The ...
Negotiations on new union contracts with Hollywood crews will begin in early March with a focus on shoring up the pension and health funds, which took a severe hit during the writers and actors ...
The International Brotherhood of Teamsters (IBT) is a labor union in the United States and Canada. Formed in 1903 by the merger of the Team Drivers International Union and the Teamsters National Union, [2] the union now represents a diverse membership of blue- and white-collar workers in both the public and private sectors, totalling about 1.3 million members in 2015. [1]
The Teamsters’ pension fund sued Apple last year, arguing that the company had misled investors by misrepresenting Cook’s 2021 and 2022 pay in its proxy statements and paying him more than it ...