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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 ...
The investors built an upscale sports club and restaurant on the property secured by a $1.1 million loan from the Teamsters' Central States Pension Fund. The project went bankrupt, however, and the pension fund lost more than $265,000. [1] [2] Presser also undertook a personal transformation at this time.
During the late 1950s, Dorfman became involved in approving loans for the Teamsters' Central States, Southeast and Southwest Areas Pension Fund. Many of these loans were real estate loans to associates of high-ranking Teamster leaders or to organized crime-connected casinos in Las Vegas, Nevada. [9]
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
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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]
Gegare is a Wisconsin Teamster, trustee on a pension fund and a Teamsters International Vice President. Pope was the president of Teamsters Local 805 in New York City. On May 14, 2019, on PBS NewsHour, Hoffa endorsed President Trump's use of tariffs and a trade war with China to bring China to the table for a robust trade deal.