Teamsters Pension Crisis Sapping Hoffa’s Support, Power

International Brotherhood of Teamsters general president Jimmy Hoffa Jr.’s response to his union’s pension crisis is sapping Hoffa’s support among Teamsters members, according to insiders.

The International Brotherhood of Teamsters is one of the forces lobbying Congress for legislation based on the National Coordinating Committee for Multiemployer Plans’ report “Solutions, Not Bailouts.” The report urges new congressional legislation to allow “deeply troubled” funds to cut employees’ pensions.

The Central States Pension Fund, which serves Teamsters members across the country and which also happens to be “deeply troubled,” has joined the Teamsters in lobbying for the new legislation. Insiders believe that the Fund plans to make across-the-board pension cuts.

The Teamsters’ unwillingness to allow companies to move Teamsters members out of the fund and into more secure retirement plans has enraged Teamsters members and sparked backlash against Hoffa.

“In that they’re calling for pension cuts, they’re on the wrong track,” Ken Paff, national organizer of the reform group Teamsters for a Democratic Union, told The Daily Caller. Approximately 3,000 active and retired Teamsters converged on their Kansas City union hall Tuesday to voice their displeasure with Hoffa and the Central States Pension Fund.

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