The Butch Lewis Act to protect earned pensions was introduced at a press conference today, with the entire Democratic caucus in Congress lined up in support. Now the challenge is to continue the grassroots mobilization and lobbying effort to build bipartisan support for pension protection.
Allegations of insider-dealing and violations of fiduciary duty swirl around the top officers of the Brotherhood of Locomotive Engineers and Trainmen (BLET-IBT), following a tentative labor contract they signed.
The Independent Investigations Officer (IIO) has recommended that Judge Barbara Jones expel Rome Aloise from the IBT, and impose a permanent ban on contact between Aloise and any Teamster.
Central States Pension Fund Director Thomas Nyhan has issued a letter to Senator Sherrod Brown (D-OH) that, if approved, his proposed pension legislation could stabilize the Fund’s finances without benefit cuts to active Teamsters or retirees.
Senator Sherrod Brown (D-OH) held a press conference at Local 377 in Youngstown, Ohio to announce he and Congressman Tim Ryan (D-OH) will introduce a bill that would create an office inside the U.S. Treasury called the Pension Rehabilitation Administration. The bill, if passed, would provide loans to pension funds in critical or declining status to guarantee payments of promised pension benefits. Monies would be raised by U.S. Treasury issuing bonds that would be purchased by private investors.
The Election Appeals Master issued a ruling today denying members a rerun of the International Union election. Judge Kathleen Roberts declined to overrule the Election Supervisor, saying he could only be overturned for “abuse of discretion” and that the appeal did not meet this high standard. (Reprinted from Teamsters United)