Senator Sherrod Brown (D-OH) held a press conference at Local 377 in Youngstown, Ohio to announce he and Congressman Tim Ryan (D-OH) will introduce a bill that would create an office inside the U.S. Treasury called the Pension Rehabilitation Administration. The bill, if passed, would provide loans to pension funds in critical or declining status to guarantee payments of promised pension benefits. Monies would be raised by U.S. Treasury issuing bonds that would be purchased by private investors. 

The Election Appeals Master issued a ruling today denying members a rerun of the International Union election. Judge Kathleen Roberts declined to overrule the Election Supervisor, saying he could only be overturned for “abuse of discretion” and that the appeal did not meet this high standard. (Reprinted from Teamsters United)