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Teamsters Sacrifices 30,000 Workers: 3 Ways Union Contributed to Yellow Trucking s Demise

Teamsters Sacrifices 30,000 Workers: 3 Ways Union Contributed to Yellow Trucking s Demise
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United statesSean obrienYellow corpTeamsters president seano brienHome depotCentral state teamster

Teamsters Kills 30,000 Jobs: How Union Contributed to Trucker s Demise

“Sometimes a bad job isn’t worth it anymore.” That's easy for the Teamsters boss to say, but 30,000 Yellow trucking employees surely disagree.

United statesSean obrienYellow corpTeamsters president seano brienHome depotCentral state teamsterYellow trucking

Protecting Private Union Pensions with Bottomless Bailouts Is a Recipe for Disaster

A new bill in Congress, the Butch Lewis Act, would require taxpayers to stand behind private union pension plans’ broken promises. The proposal would apply to troubled union, or multiemployer, pension plans which have collectively promised about $600 billion more in benefits than they can afford to pay.

United statesPat quinnTreasury departmentPension bailout guaranty corporationPension rehabilitation administrationPercent of private union pensionPension benefit guaranty corporationButch lewis actPensions are partWorker compensationNot governmentMulti layer pension bailoutNew government entityMake taxpayer backedUnited mine workersCentral state teamsters

Why Government Loans to Private Union Pensions Would Be Bailouts—and Could Cost Taxpayers More than Cash Bailouts

Across the U.S., more than 1,300 multi-employer plans representing 10 million workers have promised $500 billion more in pension benefits than they have set aside to pay.

United statesNational coordinating committee for multiemployer pensionsCongressional budget officePension benefit guaranty corporationInsolvent pensions areLoan scoring hides true costCentral state teamsterButch lewis actFederal credit reform actPension plan loans would be riskyNational coordinating committeeMultiemployer pensionsUnited mine workersCould potentially increase unfunded liabilitiesReceive new taxpayerLewis act would strip taxpayers