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The current Butch Lewis Act provides a bailout to fund multi-employer pension plans for 30 years. [4] The bill restores pensions to their full amount and increases the national pension insurance cap. [4] Finally, it requires regular reports to Congress on the status of these pension plans as a preventative measure against future collapse. [4]
The decision not to endorse has put headquarters at odds with its many local bodies that are supporting the Democratic nominee.
The United Parcel Service strike of 1997, led by International Brotherhood of Teamsters (IBT) President Ron Carey, started on August 4, 1997, and involved over 185,000 Teamsters (IBT members). [1] The strike effectively shut down United Parcel Service (UPS) operations for 15 days [2] and costs UPS hundreds of millions of dollars. [3]
Some Hoffa supporters claimed that Carey had forced a strike to draw attention away from his legal troubles, but most observers concluded that the union could not accept the company's final offer (which included a 1.5 percent raise for full-time workers, no raise for part-timers, and withdrawal from the Teamsters' multiemployer pension plan ...
The 30-second spot, set to air statewide, features Teamsters truck drivers and their families touting Baldwin's work on the Butch Lewis Emergency Pension Plan Relief Act.
The Teamsters union said Wednesday it won't endorse either Harris or Trump in the 2024 presidential election. ... It was Biden-Harris and Democrats who saved Teamsters pensions in the Butch Lewis ...
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]
During the 1970s, Shenker borrowed more than $200 million from the pension funds of labor unions that he influenced. He borrowed more than $160 million from the Teamsters pension fund, $43 million from the Culinary Workers pension fund, and $23.5 million from Pipefitters Local 562. [4]