Portside

The movement won a first-step victory on May 6, when Special Master Kenneth Feinberg recommended that the Treasury Department deny the Central States Pension Fund’s bid to slash 207,000 Teamsters' benefits by up to 70 percent.“I must congratulate the retirees for reaching out to us and making sure that their voices were heard,” Feinberg told reporters. “I can tell you that listening to the retirees and what they had to say, of course that influenced.”

“Teamster pensions are in trouble because of greed, incompetence and corruption,” Rita Lewis told In These Times. Excessive pay to plan administrators and outlandish fees to financial advisors have drained the fund, she says, echoing Warren’s emphasis on Wall Street malfeasance, and a first step should be to clean house at the offices of Central States Pension Fund, the organization that collects and distributes pension monies for some 400,000 union members and retirees.

On April 16 members of Local 89 in Louisville voted no on their supplement for the second time, this time by 94 percent. Members were angry that they spend up to an hour a day—unpaid—on a shuttle that takes them to and from the parking lot to their work stations; the site is that big. They were also demanding that more part-time jobs be converted to full-time ones. Now the five-year contract is ratified—by fiat of the Teamsters international.

"When workers stand together in solidarity they can still win against one of the biggest corporations in America."