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Teamster-Pension Fund #246676

CBS Evening News for Tuesday, Jun 29, 1976
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(Studio) Govt. sources say IRS (Internal Revenue Service) has revoked, back to 1965, tax exempt status of Teamsters Union's largest pension fund. Effects detailed. Background report follows.
REPORTER: Walter Cronkite

(Chicago, Illinois) Central States Pension Plan long controversial. Fund described. Imprudent investments, such as Las Vegas, NV, casinos, charged. Las Vegas scene of recent Teamster convention Frank Fitzsimmons defends pension plan. June 13, 1976, film shown. [FITZSIMMONS - speaks of fund.] September 1974 film shown. Murder of man slated to testify against fund in investigation recalled. April, 1975 film shown. Trial for murder resulted in no convictions. Allen Dorfman recalled. "Overdrive" magazine ed. has been critical of pension fund. [Edward "Overdrive" Mike PARKHURST - criticizes pension fund.] Element of organized crime noted. Program and outcome of trial considered.
REPORTER: Don Webster (WBBM-TV film shown)

Reporter(s):
Cronkite, Walter;
Webster, Don
Duration:
00:03:00

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