Teamsters Pension Fund in"RED ZONE" - They need your AA AMT Money!

OP
TWU informer

TWU informer

Veteran
Nov 4, 2003
7,550
3,767
Putting all bias aside, AMFA failed at ACA, and big time at NW, they have no strike fund and use to be a money funneling operation for Kevin McCormick.

There track record isnt very good either.

As if you are really capable of "Putting all bias aside"
Do you think we are that stupid?

Given a merger between AA and USAir and a represention election by the NMB that includes TWU, IBT, IAM, AMFA on the ballot which all appears possible expect for the IBT, then AMFA will win hands down.

What good is a "strike fund" when the industrial unions seldom ever use it because they are too busy licking the company boot and giving concessions for jobs? Most are looking for "stronger" union representation, and the industrial union use their weakness as a campaign tool and call it success. Pfftttt.

If the Industrial Union were not busy exacting revenge on AMFA represented AMT's then AMFA would be doing just fine. It is laughable that the Industrial Unions are doing everything in their power to exact revenge on the AMT's that choose to leave the failed industrial union idea and then these same worthless unions use the failures they cause or assist in as campaign material.

I personally would rather be in NO UNION than an Industrial Union. I really cannot stand the liars, manipulators, and those that cherish their Political Institution and dues collection more than the profession by teaming with Airline Management and exacting revenge on those that choose to be represented by the independent....FU.. IAM, TWU, IBT
 

700UW

Corn Field
Nov 11, 2003
37,637
19,488
NC
If there is an election it would be between the IAM and TWU, none of the other unions can be on the ballot unless 50%+1 of the total eligble voters submit cards, that is a well known fact, now isnt it?

A strike fund is very important, strikes under the RLA usually dont last long but its leverage in negotiations, AMFA had no strike fund, no dues coming in from its largest membership base and had to beg for donations from other unions to survive, thats a fact.

Go ask the former non-union agents at US what happened to them in 1992 with no union compared to the unionized workers and you will see the difference, and the funny thing is you promote AMFA and down the non-licensed workers, yet your are not even an A&P.

AMFA is just as bad as the rest of the unions, you had a non-elected person in Kevin McCormack making millions off of AMFA and negotiating your contracts and he was a real estate person. Delle wasnt even an A&P since the 60s hadnt been working in the industry since then and he made millions off of the members and got a nice lump sum retirement while his NWA members lost it all, he was totally outsmarted by NW and profited why thousands lost.

And set unions back with their whooping at NW's hands.

Even lost a major precedent setting case at ACA where a newly organized group, status quo didnt apply anymore, thats something to be proud of, their choice of law firms were also anti-labor and represented airlines against unions.
 

riceweevil

Advanced
Jul 16, 2012
154
26
Survey Reveals Most Teamster Pension Funds in “Red Zone”





January 24, 2011: Wall Street greed and the corporate attack on unions has triggered a crisis in our pensions.

Teamster officials didn’t cause this crisis. But they have a responsibility to put forward a plan to address this problem and defend our pensions.

A survey of 18 Teamster multi-employer pension funds, including all of the largest funds and several smaller funds in the East, reveals that all but one are in either “critical” or “endangered” status.

Most funds are in the so-called “red zone” of critical status, including a number of funds managed by Hoffa’s running mates for the General Executive Board.

Teamster leaders are not responsible for the pension crisis, which was triggered by Wall Street greed, the financial collapse, and the corporate attack on unions.

But they do have a responsibility to put forward a plan to address the problem, defend Teamster pensions, and build Teamster power. Our pension funds are an integral part of our union’s strength and our ability to organize and grow.

On that score, we have seen very little from the Hoffa administration.
Hoffa’s Team in the Red Zone
Some of the pension funds surveyed include the New Jersey Local 469 fund, which is in critical status. The Chicago Local 727 fund is 70 percent funded. The Philadelphia Area Fund is in seriously endangered status, with 64 percent funding. The Cleveland Local 507 fund, and the New York Local 210 fund are in critical status. The New England Teamsters Pension Fund, the union’s third largest, is 59 percent funded and in critical status.

Of the 18 funds surveyed, most are in the red zone, including statewide plans in the East such as the Virginia and Upstate New York plans. Four are in endangered status (yellow zone), including the Chicago Local 705 Fund, the Chicago Local 710 Fund and the Central Pennsylvania Fund.

The problem is widespread. No one should blame the individual Teamster officers and International vice presidents associated with those funds for the funds being in trouble: the goal should be a Teamster plan to deal with the overall problem.

The most troubled fund of all is the big Central States, Southeast and Southwest Areas Fund, covering 25 states. It is 58 percent funded, in critical status, and its director, Thomas Nyhan, told a Congressional hearing last year that it will be insolvent in 10-15 years without help. That situation cries out for a plan from the International leaders, who are busy dodging the issue.

The Failure to Protect Teamster Power
Our flagship fund in serious danger? Pension cuts spreading? How did that happen?
First off, James Hoffa and Ken Hall cut a deal with UPS in 2007 to give away the Central States Fund, to give UPS control of the pensions. We struck in 1997 to stop UPS’s pension grab, which killed it for a decade. Then Hoffa and Hall gave it away without so much as a skirmish, let alone a fight.
Second, the failure to organize and protect Teamster power in trucking led to the decline of major contributors to Central States and many other pension funds. Today YRCW, which has been the largest contributor to many plans, contributes zero. In June it is supposed to resume contributions, but at a mini-level of $1.75 per hour. And UPS Freight contributes zero, because a deal was cut to let them off the hook altogether.
This is the fruit of a failure to protect Teamster power in trucking and in other Teamster core industries. Hoffa’s freight division leaders’ only plan is to dodge the issues, sell concessions, and blame someone else.

If YRC doesn’t recover, we could see major pension fund failures, especially in plans such as New York Local 707, New Jersey Local 641, the Baltimore fund, and others which are already in the red zone.
The Exception:
One fund is not endangered. The Western Conference of Teamsters Pension Fund is in the green zone, with 89 percent funding. Why is that?

First off, this fund has maintained a broad funding base of employers. Instead of letting too many employers off the hook, the fund includes the majority of Teamsters in the Western states.

Second, unlike Central States, UPS remains a participant. And UPS part-timers are also participants in the fund as well, an ideal demographic group for a pension fund. Only the Upstate New York and New England funds include UPS part-timers outside the west.
The Western Conference plan has, however, imposed steep cuts in benefits which hurt those retiring in the short run. Like too many of our funds, the employers have 50 percent of the votes on the board but seem to have majority control.

Needed: A Plan of Action

The pension crisis is real. It is the job of the International Union leadership to put forward a plan of action to defend pensions. It starts with rebuilding Teamster power, strategic organizing, and helping locals bargain to protect pensions.

No more corporations should be allowed to exit a Teamster plan without a fight backed by the power of the Teamsters Union. The days of slipping out the back door must end.
The International Union needs to draw Teamster members, retirees and community allies into this fight. Spreading a little Teamster money around Washington has yielded no results. It’s time to turn up the heat and tap real Teamster power to protect our members and retirees.

It is illegal to use monthly union dues for pension funds so this is another lie being spread by amfa!!!!!!!!!!!!!!!!!!!!!!!!
 

700UW

Corn Field
Nov 11, 2003
37,637
19,488
NC
Seriously people you dont have to quote paragraphs and leave a one sentence reply.
 

riceweevil

Advanced
Jul 16, 2012
154
26
Seriously people you dont have to quote paragraphs and leave a one sentence reply.


Can't please everbody all the time. I had some one on another thread complain about using partial quotes in my replies.

One factual statement is all that is needed to reply to the above nonsense.
 

700UW

Corn Field
Nov 11, 2003
37,637
19,488
NC
The mods dont want posters quoting volumes if you are replying directly underneath the post or just quote a little and reply, I know I dont want to read volumes for a one line reply.
 

Glenn Quagmire

Veteran
Apr 30, 2012
4,841
4,429
And set unions back with their whooping at NW's hands.
And the IAMAW under Buffy, Roach, and DePace set back labor 40 years by performing struck work, and cheering on a company who was intent on union busting.

You should hang your head in shame defending those rats.
 
  • Like
Reactions: 1 person
OP
TWU informer

TWU informer

Veteran
Nov 4, 2003
7,550
3,767
If there is an election it would be between the IAM and TWU, none of the other unions can be on the ballot unless 50%+1 of the total eligble voters submit cards, that is a well known fact, now isnt it?


You might want to check your "WELL KNOWN" facts.
You are stilling living in the past.
This from the current representation manual dated

Revised Text Effective ---- March 21, 2011




19.601 Showing of Interest on the Single Transportation System

19.602 If the organization or individual filing the application does not represent any of the employees covered by the application, the organization or individual must submit authorization cards from at least thirty-five (35) percent of the employees in the craft or class. If a single organization or individual represents all of the employees in a craft or class on the newly created single transportation system, an application filed by an intervening organization or individual must be supported by authorization cards from a majority (more than fifty (50) percent) of the employees in the craft or class. (See Section 3.601).

19.603 If not already filed with the initial application, organizations (Incumbents and Intervenors) have fourteen (14) calendar days from the date of the NMB’s single transportation system determination to submit evidence of a showing of interest or to supplement the showing of interest on the single transportation system.
Applications that do not meet the showing of interest requirements will be dismissed.

_______________________________________________________

the 50% rule only applies if a single organization represents all of the employees in the craft or class.

Since the IAM and the TWU represent the employess at usAIR and AA then the way I read this is that only 35% showing would be required to intervene into the dispute.


We would have a 4 Union Ballot Party and AMFA will win. The only reason I signed a Teamster Card is to get them in a 4 Union Ballot and watch their asses get wiped.
 

Anomaly

Veteran
Jun 2, 2012
1,220
218
Survey Reveals Most Teamster Pension Funds in “Red Zone”





January 24, 2011: Wall Street greed and the corporate attack on unions has triggered a crisis in our pensions.

Teamster officials didn’t cause this crisis. But they have a responsibility to put forward a plan to address this problem and defend our pensions.

A survey of 18 Teamster multi-employer pension funds, including all of the largest funds and several smaller funds in the East, reveals that all but one are in either “critical” or “endangered” status.

Most funds are in the so-called “red zone” of critical status, including a number of funds managed by Hoffa’s running mates for the General Executive Board.

Teamster leaders are not responsible for the pension crisis, which was triggered by Wall Street greed, the financial collapse, and the corporate attack on unions.

But they do have a responsibility to put forward a plan to address the problem, defend Teamster pensions, and build Teamster power. Our pension funds are an integral part of our union’s strength and our ability to organize and grow.

On that score, we have seen very little from the Hoffa administration.
Hoffa’s Team in the Red Zone
Some of the pension funds surveyed include the New Jersey Local 469 fund, which is in critical status. The Chicago Local 727 fund is 70 percent funded. The Philadelphia Area Fund is in seriously endangered status, with 64 percent funding. The Cleveland Local 507 fund, and the New York Local 210 fund are in critical status. The New England Teamsters Pension Fund, the union’s third largest, is 59 percent funded and in critical status.

Of the 18 funds surveyed, most are in the red zone, including statewide plans in the East such as the Virginia and Upstate New York plans. Four are in endangered status (yellow zone), including the Chicago Local 705 Fund, the Chicago Local 710 Fund and the Central Pennsylvania Fund.

The problem is widespread. No one should blame the individual Teamster officers and International vice presidents associated with those funds for the funds being in trouble: the goal should be a Teamster plan to deal with the overall problem.

The most troubled fund of all is the big Central States, Southeast and Southwest Areas Fund, covering 25 states. It is 58 percent funded, in critical status, and its director, Thomas Nyhan, told a Congressional hearing last year that it will be insolvent in 10-15 years without help. That situation cries out for a plan from the International leaders, who are busy dodging the issue.

The Failure to Protect Teamster Power
Our flagship fund in serious danger? Pension cuts spreading? How did that happen?
First off, James Hoffa and Ken Hall cut a deal with UPS in 2007 to give away the Central States Fund, to give UPS control of the pensions. We struck in 1997 to stop UPS’s pension grab, which killed it for a decade. Then Hoffa and Hall gave it away without so much as a skirmish, let alone a fight.
Second, the failure to organize and protect Teamster power in trucking led to the decline of major contributors to Central States and many other pension funds. Today YRCW, which has been the largest contributor to many plans, contributes zero. In June it is supposed to resume contributions, but at a mini-level of $1.75 per hour. And UPS Freight contributes zero, because a deal was cut to let them off the hook altogether.
This is the fruit of a failure to protect Teamster power in trucking and in other Teamster core industries. Hoffa’s freight division leaders’ only plan is to dodge the issues, sell concessions, and blame someone else.

If YRC doesn’t recover, we could see major pension fund failures, especially in plans such as New York Local 707, New Jersey Local 641, the Baltimore fund, and others which are already in the red zone.
The Exception:
One fund is not endangered. The Western Conference of Teamsters Pension Fund is in the green zone, with 89 percent funding. Why is that?

First off, this fund has maintained a broad funding base of employers. Instead of letting too many employers off the hook, the fund includes the majority of Teamsters in the Western states.

Second, unlike Central States, UPS remains a participant. And UPS part-timers are also participants in the fund as well, an ideal demographic group for a pension fund. Only the Upstate New York and New England funds include UPS part-timers outside the west.
The Western Conference plan has, however, imposed steep cuts in benefits which hurt those retiring in the short run. Like too many of our funds, the employers have 50 percent of the votes on the board but seem to have majority control.

Needed: A Plan of Action

The pension crisis is real. It is the job of the International Union leadership to put forward a plan of action to defend pensions. It starts with rebuilding Teamster power, strategic organizing, and helping locals bargain to protect pensions.

No more corporations should be allowed to exit a Teamster plan without a fight backed by the power of the Teamsters Union. The days of slipping out the back door must end.
The International Union needs to draw Teamster members, retirees and community allies into this fight. Spreading a little Teamster money around Washington has yielded no results. It’s time to turn up the heat and tap real Teamster power to protect our members and retirees.

You could really find work in politics.

I'll help you out by illustrating some of the highlights of this article. You present it as a negative, but the forum through which you stole it is still very much PRO Teamster.

Are YOU mr twu informer, suggesting that we allow companies to manage and control our retirement funds? HAVE YOU LEARNED NOTHING?????

You should really learn to read your posts
 
OP
TWU informer

TWU informer

Veteran
Nov 4, 2003
7,550
3,767
You could really find work in politics.

I'll help you out by illustrating some of the highlights of this article. You present it as a negative, but the forum through which you stole it is still very much PRO Teamster.

Are YOU mr twu informer, suggesting that we allow companies to manage and control our retirement funds? HAVE YOU LEARNED NOTHING?????

You should really learn to read your posts



You have to twist and manipulate pieces of everything to combat the truth.


No difference between corrupt management and corrupt Teamsters.

Corruption is Corruption

IBT can kiss my ass, that would be the last Union I would choose.

How about you, can you explain away majority rule?

ibt_mechanic_minority.jpg
 

riceweevil

Advanced
Jul 16, 2012
154
26
"IBT can kiss my ass, that would be the last Union I would choose" - TWU Informer

I guess you'll be stuck with the TWU, Brother!
 

ThirdSeatHero

Veteran
Dec 8, 2004
1,923
1,409
Left Coast
You could really find work in politics.

I'll help you out by illustrating some of the highlights of this article. You present it as a negative, but the forum through which you stole it is still very much PRO Teamster.

Are YOU mr twu informer, suggesting that we allow companies to manage and control our retirement funds? HAVE YOU LEARNED NOTHING?????

You should really learn to read your posts

While ibt officials may not have been responsible for the Wall Street crisis that damaged pensions, they were responsible for decisions that damaged the Central States Plan, and while the Western Conference Plan may still be in the green, there is NO guarantee that the same decisions that crippled the Central States Plan wouldn't be repeated with the Western Conference Plan.

NO THANK YOU!
 
  • Like
Reactions: 1 person