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  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    41,970
    Rep Power
    922

    Default Time is urgent: Ibt needs to get behind pension solution

    The Central States Pension Fund is in crisis. Time is running out while Hoffa plays PR games. The Teamsters Union needs to put its muscle behind a real plan to save our pensions for retirees and working Teamsters.

    At the June 1 meeting of all Local Unions from the Central and Southern areas in Rosemont, Illinois, Central States Director Thomas Nyhan told the group that time is short, and that the Hoffa plan unveiled earlier by International VP John Murphy cannot work.

    Ken Hall surprised the crowd by agreeing that the Hoffa plan will not work. Fred Zuckerman, president of Local 89 and Joint Council 94, agreed that it is urgent, but said he could not back a specific plan without seeing the details.
    Time is Urgent: IBT Needs to Get Behind Pension Solution - Teamsters for a Democratic Union

  2. #2
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    17,564
    Rep Power
    378

    Default Re: Time is urgent: Ibt needs to get behind pension solution

    Maybe Hoffa should look into this.
    Class action suit against Goldman Sachs ... others. Maybe.
    Three U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase & Co , accusing them of conspiring to stifle competition in the more than $1 trillion stock lending market.
    The Iowa Public Employees' Retirement System, Orange County Employees' Retirement System and Sonoma County Employees' Retirement Association said in the lawsuit that the banks have cornered the market on stock lending in violation of federal antitrust law.
    https://finance.yahoo.com/news/u-pen...6--sector.html

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