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Union pension funds face widespread looting and misuses
A national study highlights embezzlement and improper payments in union pension and welfare funds. Trustees resign amid federal action as officials in multiple cities face charges or guilty pleas. Experts warn the losses hit the retirement security of about nine million workers and could raise future contribution costs for employers.
MENTIONED IN THIS ARTICLE
Tanier Tatenees Ee Cores Eek Eelifornia
Richard Blodgett
Central States Teamsters Fund
Saul Durst
New York
Bakery and Confectioner Sales Clerks Union
International Laborers Union, Local 89
San Diego
Loretta Lustig
United Paper Workers Pension Fund
Southern Nevada
Culinary and Bartenders Pension Trust
806
Teamsters Welfare
Brooklyn
N. Y
George Snyder
Dayton
Ohio
Chicago
Queens
New Jersey
Blodgett
Twentieth Century Fund
New York City
John Sikorski
Teamsters Reform Organization
Professional Drivers Council
Karen Ferguson
Pension Rights Center
Washington, D. C
Steve Rothman