Hoffa: What Pension Crisis? I’m Doing Great!

James Hoffa has given up on protecting Teamster pensions, but not his own millionaire retirement plan. In 2014 the IBT put $65,004 of your dues money into Hoffa’s pension.

You read that right, Hoffa got $65,004 paid into his pension in just one year. It would take a YRC Teamster over 17 years to earn in pension contributions what members paid Hoffa last year alone.

Hoffa’s been in office going on 16 years, so do the math. He’s taken in a million bucks in pension contributions and could retire today with a lump-sum payment of over $2 million—plus  free family health care for life.

Hoffa’s retirement windfall comes courtesy of the Retirement and Family Protection Plan, an exclusive fund reserved only for International Union officers and the International staff.

Last year the IBT put $16 million into the Family Plan to make sure those lump sum payouts are funded and fully-protected.

When union officers look after themselves, instead of Teamster members and unorganized workers, it’s time for them to go. 

With the millions in dues money they will take with them into retirement, there will be no reason to feel sorry for them. 


Showing 3 reactions

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  • Stephanie McAllister
    followed this page 2016-10-11 16:08:21 -0400
  • Greg L Mead
    commented 2015-11-08 00:14:20 -0500
    Sylvester!
  • Keith Smith
    commented 2015-08-31 10:59:18 -0400
    It’s paying these bigwigs in Teamsters these huge salaries and guaranteed huge retirement salaries that are killing us small guy’s! They want to cut our pensions at the time they are making their salaries & pensions larger! Just like corrupt politicians! As a Teamster Retiree, when I heard about Washington allowing this on a spending bill, I wrote to the Teamsters Lady who sent out the letters! No Response! I wrote my Congressman and Rep, again no response! They sure care about us! Out with them all!!!
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