March 31, 2015: Stop the rush to pension cuts will be the rallying cry when retirees and active Teamsters converge on Rosemont, to ask their local officers to Say No to Pension Cuts.
Pension and Benefits
TDU in Action—Pension and Benefits
“TDU will support any fight launched by the International Union to defend our benefits. And we will continue to inform members so we can put pressure on the employers and on Hoffa, when necessary, to save and strengthen our benefits.”
K.W. Phillips, Roadway
Local 667, Memphis, Tenn.
Pension Workshops: Our Rights, the Benefit Cuts and How We Can Beat Them
TDU brings together concerned Teamsters and pension experts to share information and build a movement to restore our benefits and strengthen them for the future.
Pension and Benefits Newswire
March 24, 2015: Over 200 active and retired Teamsters packed the Cincinnati Local 100 hall for the monthly Retirees Club meeting to hear speakers address the pending cuts to Central States pensions.
March 24, 2015: The Central States Pension Fund trustees have set up a briefing for local union officers on April 8. Will this be the big announcement regarding their proposed pension cuts – or a background briefing?
Since Whitley Wyatt retired in 2000 after 33 years as a trucker, he’s collected a pension of $3,300 a month.
March 13, 2015: Bob Amsden, a retired Local 200 Teamster, isn’t sitting by while Central States ponders cuts. He helped form the Wisconsin Committee to Protect Pensions and organized a meeting that attracted over 60 retirees, spouses, and active Teamsters.
March 3, 2015: The Central States Pension Fund and several smaller funds in the months to come may seek to cut the earned benefits of retirees and active Teamsters.
Whit Wyatt of Washington Court House worked as a teamster truck driver for 33 years. Now Whit and his wife Barb have a comfortable retirement living on Whit's teamster pension and social security.
But Wyatt is one of hundreds of thousands of union retirees who may soon see severe cuts to their monthly pension checks. “I've planned my life around my guaranteed pension and it just looks like that's going to be taken away," Wyatt said.
Bill Hendershot and his wife live on his union pension and Social Security. Hendershot, a retired Consolidated Freightways long-distance truck driver, gets around now in a 12-year-old Toyota Corolla. The couple still pay a mortgage on their home in Canal Fulton.
Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees. Others are hoping for further reforms to allow for alternative plan designs.