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House probe starts after $127M in bailout funds paid to dead Teamsters’ pension plan
NY Post ^ | 01/17/2024 | Josh Christenson

Posted on 01/17/2024 8:27:49 AM PST by ChicagoConservative27

The Biden administration is facing a new congressional probe after an agency that distributed tens of billions of dollars from the American Rescue Plan failed to stop $127 million from going to deceased participants in a Teamsters’ pension fund.

The House Education and Workforce Committee sent a letter on Tuesday to the Pension Benefit Guaranty Corporation (PBGC), demanding records related to the agency’s “mismanagement” and “overpayment” to the union pension plan, according to a copy of the missive exclusively obtained by The Post.

“As part of this investigation, the Committee requests documents and information relating to PBGC’s disbursal of these payments and its plan to recoup these significant taxpayer funds,” Chairwoman Virginia Foxx (R-NC) and Subcommittee on Health, Employment, Labor and Pensions Chairman Bob Good (R-Va.) wrote.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: bailout; fraud; funds; house; teamsters; unions
The mafia is proud.
1 posted on 01/17/2024 8:27:49 AM PST by ChicagoConservative27
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To: ChicagoConservative27

The Democrat Party Organized Crime Syndicate stealing from you.


2 posted on 01/17/2024 8:30:20 AM PST by blueunicorn6 ("A crack shot and a good dancer” )
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To: ChicagoConservative27

BTTT


3 posted on 01/17/2024 8:37:14 AM PST by nopardons
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To: ChicagoConservative27

IS this like the GHOST EMPLOYEES on payrolls of New Orleans???

CAME to light with Katrina.

Earl S. Jones gets a paycheck.

E. SAMUEL JONES also gets a paycheck


4 posted on 01/17/2024 8:38:44 AM PST by ridesthemiles
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To: ChicagoConservative27

None of this could happen by accident or incompetence, it is deliberate and premeditated.


5 posted on 01/17/2024 8:39:47 AM PST by eyeamok
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To: All

The House Education and Workforce Committee contacted the Pension Benefit Guaranty Corporation (PBGC), WRT that agency’s “mismanagement” and “overpayment” to the Teamsters’ union pension plan.

The “tolerant and compassionate” Biden administration distributed tens of billions of tax dollars from Biden’s reckless trillion dollar “American Rescue Plan,” which was so rife w/ Biden’s incompetence, that $127 million tax dollars paid deceased participants in the Teamsters’ pension fund.


6 posted on 01/17/2024 8:47:56 AM PST by Liz
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To: eyeamok

I disagree. As an employer myself, there is zero doubt in my mind that this is, as you say, a criminal act (i.e. deliberate and premeditated). But, it is a criminal act only in part.

The other part is the end result of 50-60 years of affirmative action and DEI hiring plus zero accountability regarding these destructive to society policies. I’ve had people that though adequately educated (i.e. they had a diploma) they could not write two grammatically correct sentences in a row. Meanwhile doors fall off Boeing’s new jets, aircraft carriers burn at the dock, our navy runs warships into merchant ships, planes run into each other on the runway..........and so on and so on.....endlessly!


7 posted on 01/17/2024 8:50:47 AM PST by Cen-Tejas
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To: ChicagoConservative27

Milei in Argentina cracked the ice a little bit, and you’ll start hearing it in the USA soon

We need to eliminate our Central Bank.

Printed, fiat money, and the debt it allows, is the source of nearly all government corruption and leftist social-engineering


8 posted on 01/17/2024 8:51:58 AM PST by PGR88
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To: ChicagoConservative27

Probe , probe, probe, probe.
Will there be accountability and punishment if they find a crime…or just political posturing and more probing and more probing and evil that just says ‘what are you going to do about it?’ and then a whole lotta probing and doing nothing and more probing.
The Mafia became government, people.


9 posted on 01/17/2024 8:57:37 AM PST by right way right (May we remain sober over mere men, for God really is our only true hope. )
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To: right way right

These dead people voted—they deserve to get paid!


10 posted on 01/17/2024 8:59:09 AM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: ChicagoConservative27

Is it just coincidental that most of these big “mistakes” always seem to benefit democrats? Nah, I’m sure it’s just a coincidence, nothing to see here.


11 posted on 01/17/2024 9:20:14 AM PST by Rlsau1
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To: cgbg

They’re more active dead than when they were alive.


12 posted on 01/17/2024 9:42:19 AM PST by bgill
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To: ChicagoConservative27

Which Democrats received Contributions from the union recently?


13 posted on 01/17/2024 9:59:11 AM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting…)
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To: ChicagoConservative27

What? The Teamsters ran or accepted a corrupt taxpayer rip-off?

I worked on an Organized Crime Task Force that included the Teamsters and the NY/Chicago Gambino/Gotti Crime Family.

Corruption and murder across the U.S., a reality and threat to the American taxpayers and economy.

For related information, see Byron York’s masterpiece article in the April 1997 issue of “The American Spectator”, “Let’s Be Friends”.

Lots on Bill and Hillary and organized crime donations, too.


14 posted on 01/17/2024 11:51:18 AM PST by MadMax, the Grinning Reaper (Figures a)
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To: MadMax, the Grinning Reaper

Did you meet Gotti?


15 posted on 01/17/2024 11:54:24 AM PST by ChicagoConservative27
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To: ChicagoConservative27

Indeed

As part of this investigation, the Committee requests documents.


16 posted on 01/17/2024 12:04:26 PM PST by Vaduz
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To: MadMax, the Grinning Reaper

‘A slap in the face’: progressive anger as Teamsters union chief meets Trump

Leftwing members of 1.3m-strong labor union unhappy with Sean O’Brien for private meeting with Republican frontrunner

https://www.theguardian.com/us-news/2024/jan/18/teamsters-union-chief-trump-meeting?fbclid=IwAR2ipj_wA9pOWsjq0RwtX5XfKHAS7BVTecOxVv2Dbx36G9GuSFFsELwsLTo


17 posted on 01/22/2024 10:00:23 AM PST by Deadeye Division
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To: cgbg

Yes, it’s very troublesome and with lots of reimbursable expenses to vote when you’re dead! They deserve the money!


18 posted on 01/22/2024 10:14:15 AM PST by Reily (!!)
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To: ChicagoConservative27

WASHINGTON— On Wednesday, March 20, at 10:15 a.m., the Subcommittee on Health, Employment, Labor, and Pensions, chaired by Rep. Bob Good (R-VA), will hold a hearing titled: “Examining the Policies and Priorities of the Pension Benefit Guaranty Corporation.”

“The Pension Benefit Guaranty Corporation (PBGC) represents some of the worst of the Biden administration’s incompetence and misuse of taxpayer dollars,” said Chairman Good. “Its failure to implement standard controls and verification procedures has resulted in millions of dollars in inaccurate payments—at least $127 million of which was sent to fund pensions for dead participants. This hearing will shine a much-needed light on PBGC’s mismanagement and ineffectiveness.”

What:
Subcommittee hearing titled “Examining the Policies and Priorities of the Pension Benefit Guaranty Corporation”

When:
10:15 a.m. on Wednesday, March 20, 2024

Where:
2175 Rayburn House Office Building

Press:
The hearing is open to the press and will be live-streamed on the Committee’s YouTube page.


19 posted on 03/19/2024 11:25:53 AM PDT by Deadeye Division
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