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The decision not to endorse has put headquarters at odds with its many local bodies that are supporting the Democratic nominee.
Biden's American Rescue Plan Act provides $83 billion to prevent deep cuts to pension benefits. Here's how the Teamsters quietly maneuvered taxpayer aid to union retirees.
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 ...
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 ...
As a result of Hoffa's previous resignation, he was awarded a $1.75 million lump sum termination benefit by the Teamsters Retirement and Family Protection Plan. [38] That type of pension settlement had never occurred with the Teamsters. [42] The IBT then endorsed Nixon, a Republican, in his presidential re-election bid in 1972.
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]
Retired Akron-area Teamsters have more hope that their monthly pension checks, in danger of being significantly cut, are secure for years.
On December 9, 1975, Provenzano was indicted in the Southern District of New York, along with Anthony Bentro and Lawrence Paladino, for conspiracy to violate the anti-kickback statute for a proposed $2.3 million pension-fund loan from the Utica Teamsters Benefit Fund for the renovation of the Woodstock Hotel; [15] in July 1978, he was convicted ...