June 1, 2010: The Teamsters union’s Central States pension fund faces insolvency within 10 to 15 years unless Congress acts to stabilize the fund, its executive director said this week.
Responsibility for benefits paid to employees of failed companies should be transferred to the federal Pension Benefit Guaranty Corp., Thomas C. Nyhan told a Senate committee.
Click here to read more at The Journal of Commerce.
Hundreds of Teamster members joined our webinar on The Legal Rights of Union Stewards with labor attorney Dave Suetholz. Check out a recording of the workshop below, plus workshop slides and resources for grievance investigation.
As Yellow Corporation moves to liquidate its assets, the IBT is fighting for former Yellow Teamsters in court to recover vacation pay, grievance settlements, and other monetary claims. Teamster benefit funds are also demanding full payment.
