Teamster News

Review Board Charges Pat Flynn with Embezzlement

July 3, 2014: Chicago Local 710 secretary treasurer Pat Flynn has been charged by the Independent Review Board (IRB) with embezzling $58,000 in visa gift cards, violating his fiduciary duty, and exposing the local to legal liability in a cover-up.

Former Teamsters leader accused of embezzlement

The Courier Journal
07/03/2014

Former Louisville Teamsters leader Jerry T. Vincent Jr. was indicted Tuesday by a federal grand jury on charges that he embezzled union funds, took illegal union loans and conducted false record keeping, according to the U.S. Attorney for the Western District of Kentucky.

Insurer Warns Some Pooled Pensions Are Beyond Recovery

The New York Times
07/01/2014

More than a million people risk losing their federally insured pensions in just a few years despite recent stock market gains and a strengthening economy, a new government study said on Monday.

The United States, on the verge of a retirement crisis

The Yucatan Times
06/30/2014

“For retirement, the answer is 4-0-1-k,” proclaimed Tyler Mathisen, then editor of Money magazine in 1996. “I feel sure that someday, like a financial Little-Engine-That-Could, it will pull me over the million-dollar mountain all by itself.”

The Largest Lockout You've Never Heard Of

June 27, 2014: More than 500 Teamsters in South Carolina Local 509 have been locked out for two months by the AGY corporation, in the largest Teamster labor struggle in the country.

Local 43 Merges into Local 200

The Journal Times
06/26/2014

With the addition of Racine Teamsters, the Milwaukee-based Teamsters chapter now has more than 600 new members.

YRC Freight Proposed Change of Operations

UPDATED June 26, 2014: YRC Freight has submitted a proposed change of operations to the IBT which would re-open distribution centers in Memphis and Houston, and reclassify Seattle as a distribution center.

Give Veterans the Health Care They Deserve, Staff the VA

AFL-CIO
06/25/2014

The recent revelations of long waiting lists for military veterans seeking treatment at Veterans Affairs (VA) health care facilities and of management cover-ups has prompted AFGE to again call on Congress to fully staff the VA in order to provide the health care veterans deserve.

Central States Fund: $18.7 Billion

June 20, 2014: The overdue year-end 2013 report on the Central States Pension Fund shows that it grew by $1 billion to $18.7 billion on the rising stock market.

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