Hoffa-Hall slate members are tied to at least nine other pension funds that are in Critical Status, Endangered or are considered by the IRS to be failed funds headed for insolvency.
When Hoffa ran for office, he promised a 25 & Out pension for every Teamster. Instead, he has delivered the worst pension crisis in Teamster history. More than 400,000 Teamsters in the Central States alone are threatened with losing their pensions. Central States is projected to go broke in a decade.
But Hoffa is not alone in whistling while Teamster pensions burn.
A review of Teamster pension plans reveals nine other funds that are in jeopardy—each one tied to a Hoffa-Hall slate member. These plans have more than 125,000 participants.
List of Endangered, Critical and Critical-Declining Pension Funds Led by Hoffa-Hall Running Mates
|
Ken Hall, General ST |
Employer-Teamsters Local Nos 175 & 505 Pension Trust Fund |
In Critical Status (Red Zone) |
President of Local 175 |
|
George Miranda, At Large VP |
Local 210's Pension Plan And Local 210 Affiliated Pension Trust |
Both in Critical Status (Red Zone) |
Fund Trustee and Union Pres |
|
George Tedeschi, At Large VP |
Graphic Communications Conference of IBT National Pension Fund |
Critical and Declining (A failed fund) |
Projected Insolvency by April 30, 2022; Tedeschi is Fund Co-Chair and Conference Head |
|
Fred Potter, At Large VP |
Teamsters Local 469 Pension Plan |
Critical and Declining (A failed fund) |
Fund Administrator and Union Pres |
|
Bill Hamilton, Eastern Reg. VP |
Teamsters Pension Plan of Philadelphia & Vicinity |
Endangered (Yellow Zone) |
Fund Co-Chairman |
|
Sean O'Brien, Eastern Reg. VP |
New England Teamsters & Trucking Industry Pension Fund |
Critical Status (Red Zone) |
Fund Trustee, Joint Council Pres |
|
Denis Taylor, Trustee |
Truck Drivers Local Union No. 355 Retirement Plan |
Endangered |
Fund Trustee |
|
Denis Taylor – 2nd fund |
Freight Drivers and Helpers Local 557 Pension Trust |
Critical and Declining (A failed fund) |
Local President |
Hoffa-Hall have launched political attacks against good local officers over issues in their benefit funds—but they never own up to their own record.
Hoffa-Hall have given up on Teamster pensions—and left the battle for retirement security to Teamster retirees to fight on their own.
Fred Zuckerman and Teamsters United will put the power of our International Union to work fighting to defend Teamster pensions.
