The Teamsters Fund refused the transfer of pension funds, Bus Cos. Say

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By Emily Brill (April 29, 2022, 7:25 p.m. EDT) – New York City school bus operators are seeking federal court assistance to withdraw money from a Teamsters pension fund after that their employees changed unions, saying the fund refused to adjust to the move to a new pension fund.

In lawsuits filed Thursday and Friday, Jofaz Transportation Inc., Y&M Transport Corp., Consolidated Bus Transit Inc., JSJ Service Inc. and CBT Para Transit Inc. accused the Teamsters-affiliated Local 854 pension fund of violating the Employee Retirement Income Security Act by not working with the companies after their workers changed unions.

The fund refused to transfer contributions from bus operators to…

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