1. will the US SEC fine violations of the laws and regulations under its jurisdiction?
2 will the US Attorney for the Eadtern Didtrict of NY find indictable offenses?
3 will Jason Zweig, volumnist for the Wall Street Journal, find the trustees, advisors, and expenses of The Teamsters Local 707 pension fund worthy of commendation or condemnation?
The members of Teamsters Local 707 snd voters in the Second Congressional District want to see more than the usual the money is coming and no one has breached their fiduciary futy as pension plan trustees. Many people find it odd that a union president both "negotiates" contracts eith YRC and serves with YRC's trustee on the union pension fund. Let's make a deal/wheel of fortune is not as good a tb dhoe as the real eorlf?
https://www.govtrack.us/congress/members/NY/2
YRCW GETS A DELAY FOR H&W AND PENSION PAYMENTS
In a report to all locals representing YRCW members, IBT Freight Director Ernie Soehl told officers that YRC, Holland, New Penn and Reddaway have sought a “grace period” to delay making health and welfare payments to various funds Teamster members are covered under.
YRCW has asked for the delay on payments due in April, and perhaps in future months.
Soehl explained that the IBT is not objecting to the delay because YRCW has experienced a sharp decline in volume as a result of the COVID-19 crisis. He says that the April 1, 2020 raise will be included in paychecks.
Schumer, King, Teamsters push for bill to cover pensions
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