Richard Lanigan was elected president of the Office and Professional Employees International Union (OPEIU) at its convention in Orlando. OPEIU represents about 103,000 workers in health care, credit unions, transportation, and administrative offices.
In its annual projections report, the Pension Benefit Guaranty Corporation (PBGC) stated that its multiemployer insurance program will likely become insolvent by 2025 unless premiums are increased by over four times their current levels.
The PBGC rejected the Road Carriers’ Local 707’s rescue plan petition to eliminate participant benefits in order to avoid insolvency under the Multiemployer Pension Reform Act, also known as the Kline-Miller Act. Dismissing Local 707’s application, the PBGC stated that Local 707 did not show that it “would remain solvent following a partition.” The PBGC previously rejected a similar request from the Central States, Southeast and Southwest Areas Pension Fund.
At its convention, Teamsters delegates approved a resolution to ramp up several organizing campaigns, including its “Drive Up Standards” campaign to organize school bus drivers, with particular focus on organizing drivers at Durham School Services, efforts at FedEx and XPO Logistics Inc. The resolution also calls for continued emphasis on organizing among port truck drivers and the warehousing industry. The Teamsters also approved a resolution denouncing the Multiemployer Pension Reform Act, which allows pension funds to request changes to pension payments.