"This is a fight for Central States. But make no mistake, this is a fight for America,' Senator Elizabeth Warren declared to rallying Teamster pension activists. Share the new pension video that tells our story.
Thomas Nyhan, the Director of the Central States Pension Plan, says the fund will not resubmit a revised proposal to the Treasury Department, because the cuts would have to be too deep.
Another top Teamster has endorsed the Central States pension cuts. Bill Lichtenwald, a personal friend of James Hoffa and the head of the Ohio Conference of Teamsters until the Independent Review Board’s corruption report last October, has issued a letter backing the cuts. After the IRB corruption report, Lichtenwald resigned as a trustee of the Central States Fund.
Labor journalist Steve Early reviews a new book on the unique history of Teamsters Local 688 in St. Louis.
UPS made $1.1 billion in profit in the first three months of the year—a 10 percent increase over last year. But executives complained the company is the real victim if the Treasury Department approves Central States pension cuts for 400,000 Teamsters.