Teamster Ranks Force Hoffa Flip-Flop on Pensions

Hoffa joined Teamster pension activists at a press conference today to oppose the same pension cuts he helped push through Congress.

Rank-and-file pressure has forced Hoffa to say the right things about pension reform on Capitol Hill. Now it’s time for him to DO the right thing and stop the rush to pension cuts in the Teamsters own Central States Fund.

 

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Today’s press conference came on the same day that pension activists packed a Treasury Department hearing on the rules Pension Funds must follow to implement pension cut plans under a new law approved by Congress last year.

Congress passed the Multiemployer Pension Reform Act last December with the full backing of the Central States Pension Fund. TDU later obtained a leaked email from the Central States Pension Fund blasting Hoffa for pretending to oppose the pension cut deal in a PR stunt.

Now Hoffa is up to his old tricks. Today, he appeared at a press conference with Senator Bernie Sanders and and others political leaders to support the Keep Our Pension Promises Act to stop the benefit cuts allowed by the new law. 

It’s good that Hoffa is taking the right position on this important pension legislation. But the hundreds and thousands of members and retirees facing the worst pension cuts in Teamster history need more than photo ops from Hoffa.

It’s time for Hoffa to take action to stop the rush to pension cuts in the Teamsters own Central States Pension Fund.

Teamster members and retirees are calling for an independent audit of the Central States Pension Fund so that alternatives to the Fund’s drastic cuts can be considered by pension experts.

It’s a more than reasonable demand by members and retirees who deferred wage increases so they could have pension benefits they could survive on in retirement.

Not a single Hoffa administration official has spoken out against the Central States pension cut plan. 

Grassroots pressure has finally forced Hoffa to say the right things about pension reform in Congress. It’s time for him to DO the right thing and take action to stop the rush to pension cuts in our own union. 

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