June 4, 2015: The movement to stop the pension cuts in the Central States Plan – and for positive alternatives – is growing and spreading out.
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
May 27, 2015: What do you do when you give a corporation the deal they want, but the pension fund vetoes it as illegal? That’s the IBT’s question regarding their deal with Kroger Co.
May 20, 2015: Hoffa’s newest International Trustee hires a boss to help run the Teamsters’ biggest local.
May 20, 2015: Under the new law, we have the right to vote on any proposed cuts. Our job is to organize for a solid NO vote to deliver to the Secretary of Treasury. He has the final say and he needs to see our strong opposition.
May 20, 2015: Nearly 400,000 Teamsters and retirees are threatened with pension cuts. How Hoffa helped put the hit on their retirement.
May 20, 2015: Sometime this summer nearly 400,000 Teamsters and retirees will be mailed a ballot, asking them to approve cutting their own pension.
Democratic members of the Senate Finance Committee asked Treasury Department officials to tread carefully as they develop the process for implementing multiemployer pension reforms enabling some plans to cut benefits.
May 15, 2015: Seven Senators have written to Secretary of the Treasury Jacob Lew calling on him to vigorously enforce retiree and worker rights before any pensions are cut under the Multiemployer Pension Reform Act passed last December.
May 15, 2015: The 2014 financial report on the Central States Pension Fund shows that the fund’s money manager – Northern Trust -- performed rather poorly last year, causing the fund to get a sub-par return of 6.86% on investments. The fund’s assets declined to $17.9 billion.