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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]
The Teamsters’ Central States pension fund was the biggest plan facing insolvency, with thousands of Teamsters facing benefit cuts so steep it would threaten their retirements.
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 ...
He later was elected president of Joint Council 56 and president of Teamsters Local 41 in Kansas City, Missouri. He married and had two daughters. In 1955, Williams was elected a trustee of the Central States, Southeast and Southwest Areas Pension Fund, one of the union's largest and most important pension funds.
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]
Biden must be particularly frustrated by O’Brien’s speech since as president in 2022, he OK’d a $36 billion, one-time bailout of a Teamsters pension fund, warding off pension cuts for ...
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]
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 ...