Ken Hall cashed in on a loophole to take home over $400,000 in Teamster salaries, allowances, and pensions.
The IBT Constitution limits the salary of the General Secretary Treasurer (GST) to $200,000 plus a cost of living adjustment for each year in the position. Ken Hall made $218,461 in 2018 under this rule.
But Hall wasn’t satisfied. So he got his attorneys to say that he could “retire” and collect a $5,000 a month pension from the Local 175 pension plan, while continuing to serve as the local’s principal officer.
Hall used the same dodge to “retire” from the Joint Council 94 severance plan, and take home a lump sum payment of some $140,000.
Pension benefits are not reported on union financial reports, so Hall kept these retirement payments of over $200,000 secret, until a whistleblower revealed what Hall was doing.
Meanwhile, Hall has informed UPS Teamsters in Local 175 that since the pension plan is in the “red zone”, they will not get any pension increase.
Hall also gets a $60,000 housing allowance from the IBT, as does James Hoffa.