It's not NYMAN - it's NYHAN and i say the IBT, Hall, and Hoffa are very closely intertwined with Thomas Nyhan and the CSPF money. Here's why....The Local all answer to the IBT where Hoffa is the supreme ruler. Local officials are removed if they do not do as told.
Before Hoffa was first elected he came out in support of a UPS pullout of the CSPF in 1997 which led to a short strike by UPS Teamsters. UPS did not succeed until 10 years later.
Hoffa was first elected ( through a crooked scheme) in 1998. Thomas Nyhan was first appointed shortly after.
Nyhan promptly lost over $2 billion in CSPF bad investments. Hoffa said nothing. Nyhan kept his job. Members not informed since it was prior to the PPA of 2006 law requiring CSPF to inform all CSPF members of Fund's gains and losses.
In 2007 Hall and Hoffa gave in to UPS officials and let UPS exit the Fund for $6.2 billion in CASH.
That exit immediately cost the Fund over $900 million in lost contributions each and every year thereafter (probably more now)
Hoffa handed over that $6.2 billion cash to Nyhan which he also lost (plus a few billion more) due to bad investments on Wall St. while the Western Conference stayed healthy due to smart investing of THEIR pension funds. Hoffa again said nothing negative about Nyhan. Nyhan kept his $694,000 annual paycheck.
In 2010 Nyhan made only one feeble attempt to get a gov't bailout from a totally Democrat controlled Congress and Obama. No attempts to "sound the alarm" before or since.
When he appeared before Congress, they ignored him. He left with his tail between his legs. So much for the "We've got your back" said by so many Democrats that were elected with Teamster money.
Shortly before and during 2014, Hoffa, Hall and Nyhan were all together on the Board at NCCMP planning the pension cuts they were going to impose on 400,000 Teamsters in CSPF
The problem with that is that ERISA was still protecting already retired Teamsters from any cuts, so Hoffa called on his buddy,
Bill Lichtenwald (Local 20 President, Ohio Conference President and CSPF trustee). Lichtenwald then took $6.2 million in member funds to Washington to bribe members of Congress to vote in favor of an upcoming bill. That bill was HR 83 containing MPRA of 2014 that abolished the ERISA law that stood since 1972. By abolishing ERISA Nyhan and Hoffa have no more obstacles to prevent any cuts they want. Question: How did they know in advance that ERISA would be removed? They were planning the cuts at NCCMP when there was still a law on the books preventing it. Answer; They knew their "bagman" Lichtenwald would be successful in bribing enough members of Congress to pass MPRA in Dec 2014.
In 2015, just a few months later, the planned cuts were announced, with Lichtenwald on the CSPF Board of Trustees.
The only "fly in the ointment" was that Lichtenwald got caught and the retirees did not just lay down and take it like Hoffa, Hall and Nyhan thought they would. They just figured that 80% would be no-shows just like in every past election. They figured they could sneak it through before anybody noticed, then it would be too late. The retirees would be cut, but the giant CSPF "piggy bank" would still be there for them to use and none of their salaries or percs would be touched.The scam has been exposed, but they still get the last laugh. Nyhan still has his $694,000 job. The total paid to all CSPF execs each year exceeds $8 million. Hoffa was re-elected. And the $200,000 Club list of "overpaid and out-of-touch" Teamster officials speaks for itself.
Are YOU on that list ROAD BOSS?
