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The current Butch Lewis Act provides a bailout to fund multi-employer pension plans for 30 years. [4] The bill restores pensions to their full amount and increases the national pension insurance cap. [4] Finally, it requires regular reports to Congress on the status of these pension plans as a preventative measure against future collapse. [4]
The 30-second spot, set to air statewide, features Teamsters truck drivers and their families touting Baldwin's work on the Butch Lewis Emergency Pension Plan Relief Act.
The Warehousemen and Department Store Worker merged into United Retail, Wholesale and Department Store Employees of America, and that local union merged into Teamsters Local 688 in St. Louis. The International Brotherhood of Teamsters was the third of three international trade union vice presidencies he held. He was also a vice president of the ...
The report roundly condemned Jimmy Hoffa (by now president of the Teamsters) and accused the Teamsters of gathering enough power to destroy the national economy. [25] Refocusing its attention back on the Teamsters, the Select Committee held a short set of hearings in August 1958 intended to expose corruption by the Hoffa regime.
The way in which the union was structured meant that all Teamsters would receive synonymous benefits, regardless of what company they actually worked for. These benefits were controlled by the Teamsters multi-employer pension fund. UPS wanted to back out of the plan, and offer their workers a new pension plan that UPS would control. [6]
The International Brotherhood of Teamsters (IBT) is a labor union in the United States and Canada. Formed in 1903 by the merger of the Team Drivers International Union and the Teamsters National Union, [2] the union now represents a diverse membership of blue- and white-collar workers in both the public and private sectors, totalling about 1.3 million members in 2015. [1]
As a result of Hoffa's previous resignation, he was awarded a $1.75 million lump sum termination benefit by the Teamsters Retirement and Family Protection Plan. [38] That type of pension settlement had never occurred with the Teamsters. [42] The IBT then endorsed Nixon, a Republican, in his presidential re-election bid in 1972.
He later was elected president of Joint Council 56 and president of Teamsters Local 41 in Kansas City, Missouri. He married and had two daughters. He married and had two daughters. In 1955, Williams was elected a trustee of the Central States, Southeast and Southwest Areas Pension Fund, one of the union's largest and most important pension funds.