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Thread: Central States Backs New Pension Proposal

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    Taking A Stand!!!

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    Default Central States Backs New Pension Proposal

    It's important that you read this whole article.

    James Hoffa and Ken Hall are publicly at odds as the IBT and the Central States Pension Fund are lining up behind competing proposals to address the Teamster pension crisis.

    Just days ago, the International Union unveiled a pension legislation proposal, which was touted in the media by IBT Vice President John Murphy, Hoffa’s point man on the pension crisis.

    But yesterday General Secretary-Treasurer Ken Hall told a major meeting of Teamster local officers that the Hoffa-Murphy plan “is not going to work,” and that he supports legislation that is being promoted by UPS with support of the Central States Fund.

    The pension blockbuster and Hoffa-Hall split occurred on June 1 at a major meeting of Teamster local officers from the Central and Southern regions in Chicago, where Central States Director Thomas Nyhan briefed officers on the proposal which would cut current and future pensions by 20%, and secure a long-term funding stream for pension payments.
    Central States Backs New Pension Proposal - Teamsters for a Democratic Union
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  2. #2
    Retired !

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    Default Re: Central States Backs New Pension Proposal

    Interesting article.
    I don't know enough about the CSPF, but I know help is needed to keep the promises made.

    This one sentence in the article stuck in my mind.
    The federal government currently has over $1.1 trillion in outstanding loans to private entities.
    I would love to see that list.

  3. #3
    Taking A Stand!!!

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    Default Re: Central States Backs New Pension Proposal

    Quote Originally Posted by fxstc07 View Post
    Interesting article.
    I don't know enough about the CSPF, but I know help is needed to keep the promises made.

    This one sentence in the article stuck in my mind.
    The federal government currently has over $1.1 trillion in outstanding loans to private entities.
    I would love to see that list.
    Yes, wouldn't that be interesting!

 

 

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