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Today in Labor History

September 20, 1887
According to folklorist John Garst, steel-drivin’ man John Henry, born a slave, outperformed a steam hammer on this date at the Coosa Mountain Tunnel or the Oak Mountain Tunnel of the Columbus and Western Railway (now part of the Norfolk Southern) near Leeds, Ala. Other researchers place the contest near Talcott, W.Va Union Communication Services

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Teamsters Launch Effort to Push Pension Relief
Posted On: Apr 11, 2018
April 11, 2018 | RETIREMENT | On Tuesday, the union urged supporters to contact representatives and senators to boost the Butch Lewis Act, which would allow the Treasury Department to issue loans to struggling pension funds and establish an emergency fund within the Pension Benefit Guaranty Corporation, an independent agency that handles bankrupt retirement plans. The Teamsters face some of the largest liabilities in the country within its retirement plans, and its Central States fund has enough debt to completely wipe out the PBGC if it fails. At the local level it has witnessed several funds drain over the past several years, leaving members with steep cuts to their benefits. "There is a pension crisis in this country and Congress must resolve it as soon as possible to protect workers and our economy," the union said in an email… freebeacon.com

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