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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 ]
In practice, Taft-Hartley plans have many units of local pension funds, under an umbrella group. ... New York State Common Retirement: $201,263 $201,263 93.7%
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 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]
WASHINGTON — The Teamsters’ political action committee broke decades of precedent last month when the union leadership voted to approve a $45,000 donation to the Republican National Committee ...
Fitzsimmons was elected Local 299 business manager in 1936, Local 299 vice president in 1940, and (at Hoffa's insistence) an international union vice president of the Teamsters in 1961. [ 1 ] [ 2 ] He was appointed secretary-treasurer of the 80,000-member Michigan Conference of Teamsters in 1949, and vice president of Teamsters Joint Council 43 ...
Allen Dorfman rose to prominence following World War II and by the late 1950s was a close cohort of IBT President Jimmy Hoffa.Dorfman's rise coincided with enormous expansion in Teamsters' ranks, along with spectacular growth in the union's pension funds, which eventually came largely under Dorfman's administration.
Angela Anello has worked in funeral homes in Chicago for 25 years. Anello, right, loves helping people through times of loss, and is compensated $95,000 a year for the work. At age 47, she was ...