Teamster Beat

by | Dec 2, 2015 | News

pension-cutsMore than 273,000 Teamsters members and retirees are facing drastic pension cuts. While Central States Pension Fund claims the average cut is 22 percent per retiree, Mike Walton, chairman of the recently formed Central Ohio Committee to Protect Pensions, said “We don’t know how they even came up with those numbers.” He cites a friend and Teamster retiree who claims a cut of over 60 percent. Whatever the true numbers are, they’re bad enough that committees are being created across the nation to fight it. There are currently 31 committees in 28 states. The big question on everyone’s mind is: “What happened to all that money?” A recent investigation into the Ohio Conference of Teamsters by the Independent Review Board found that the conference spent 70 percent of the money it took from members “for the benefit of its officers, employees and other local officers.” The report also states “[The Conference] failed to follow basic financial controls that the constitution, its bylaws, IBT policies, and federal labor laws imposed on it.” The IRB recommends that the Teamsters impose a trusteeship. In separate matters, Teamsters Local 399 is under investigation for vote-tampering charges and a former member of the Boston Teamsters has been found guilty of extortion.

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