September 11, 2009: A review of the second quarter Financial and Analytical Report of the Central States Pension Fund shows that assets are up, but its problems continue. Central States has also slightly amended its ‘reemployment’ rule which will help some over-65 retirees. As of June 30, CSPF assets stood at $17.5 billion, almost exactly the same as the $17.4 billion in assets at the start of 2009. The fund made 15.0 percent on its...

August 24, 2009: A review of the second quarter Financial and Analytical Report of the Central States Pension Fund shows that its assets are up, but that the Fund has lost 105,000 participants since Hoffa took office. Central States has also slightly amended its ‘reemployment’ rule which will help some over-65 retirees. Financial Report As of June 30, CSPF assets stood at $17.5 billion, almost exactly the same as the $17.4 billion in assets at...

July 30, 2009: Employer demands for pay cuts and for employees to pay part of health premiums are pretty common these days, but we don’t expect them from the top officers of our union. But James Hoffa and IBT secretary treasurer Tom Keegel are demanding such concessions—and more—from the employees of the International Union. They are also threatening that if the employees strike against concessions, they will cross the lines and defeat the strike. Click...