This is all fallout from how terrible Hoffa junior was as union president.

[moniss]

4. The other thing that the courts and legislators

kept allowing was for smaller companies that were Teamster to shift assets around, enter into "service contracts" with non-union subsidiaries etc. and to get away with not making their pension contributions all while planning to go to bankruptcy court and sell off the rotted hulk left behind. They would also allow them to shift all of the assets and shipping customers/contracts to one non-union company and all of the liabilities to another. So the asset holding company would survive/be sold and the liabilities holding company that was supposed to make good on the pension payments filed liquidation bankruptcy. So after years of this going on was it any surprise that the Central States Fund was grossly underfunded? All while running under tight federal supervision/control.