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Teamsters voice anger with pension trustee
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<blockquote data-quote="cheryl" data-source="post: 1967412" data-attributes="member: 1"><p>A member asked me to post a link to the following articles.</p><p></p><p><a href="http://www.cincinnati.com/story/news/2015/12/05/teamsters-voice-anger-pension-trustee/76787920/" target="_blank"><strong>Teamsters voice anger with pension trustee - Cincinnati.com</strong></a></p><p></p><p>Emotions ran high Saturday morning as current and retired Teamsters learned the gory details of why their pensions were being cut.</p><p></p><p>Many could not contain themselves when they found that $6.1 million in union funds are being used to pay lobbyists to persuade lawmakers to vote for pension cuts.</p><p></p><p><a href="http://www.cincinnati.com/story/news/2015/11/06/report-cincinnati-based-teamsters-misused-funds/75212322/" target="_blank"><strong>Report: Cincinnati-based Teamsters misused funds - Cincinnati.com</strong></a></p><p><em></em></p><p><em>Report released as union's $18 billion pension reduces payouts to retired union members</em></p><p></p><p>Inflated salaries, questionable spending and a lack of basic financial controls at the Ohio Conference of Teamsters are detailed in a recent report from an all-star federal investigative panel, which included a former FBI and CIA director as well as a former U.S. attorney general. And Cincinnati was the backdrop for the union's problems.</p><p></p><p>The most startling conclusion: The conference spent 70 percent of the money it took from members on things that investigators said didn't benefit members.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1967412, member: 1"] A member asked me to post a link to the following articles. [URL='http://www.cincinnati.com/story/news/2015/12/05/teamsters-voice-anger-pension-trustee/76787920/'][B]Teamsters voice anger with pension trustee - Cincinnati.com[/B][/URL] Emotions ran high Saturday morning as current and retired Teamsters learned the gory details of why their pensions were being cut. Many could not contain themselves when they found that $6.1 million in union funds are being used to pay lobbyists to persuade lawmakers to vote for pension cuts. [URL='http://www.cincinnati.com/story/news/2015/11/06/report-cincinnati-based-teamsters-misused-funds/75212322/'][B]Report: Cincinnati-based Teamsters misused funds - Cincinnati.com[/B][/URL] [I] Report released as union's $18 billion pension reduces payouts to retired union members[/I] Inflated salaries, questionable spending and a lack of basic financial controls at the Ohio Conference of Teamsters are detailed in a recent report from an all-star federal investigative panel, which included a former FBI and CIA director as well as a former U.S. attorney general. And Cincinnati was the backdrop for the union's problems. The most startling conclusion: The conference spent 70 percent of the money it took from members on things that investigators said didn't benefit members. [/QUOTE]
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