Teamsters pension fund returns $127M to Treasury after overpaying almost 3,500 dead participants
The Teamsters pension fund returned $127 million in overpayments to the US Treasury this week — months after an internal ...
Biden's $36 billion to save Teamsters fund is largest-ever private pension bailout
Statement: Joe Biden’s $36 billion for a union pension fund is “the largest private pension bailout in American history.” ...
Pensions&Investments8d
PBGC awards $245 million in special financial assistance to 3 multiemployer plans
The Pension Benefit Guaranty Corp. has awarded three more struggling multiemployer plans special financial assistance ...
Courthouse News Service1y
Chicago federal judge ends 40 years of oversight for union pension funds
As of 2021 the pension fund had a net asset worth of over $8.7 billion, with the funds together benefitting workers for over 1,400 employers in 169 unions - most of them Teamsters locals. In November ...
Wall Street Journal5mon
Democrats Swap Teamsters Boss for Retirees in Convention Address
In O’Brien’s place: More than three dozen retired Teamsters whose pensions were saved by a provision in President Biden’s first big spending package, passed in 2021.