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.

Contact the TDU Pension Action Network.

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.

Click here to learn more about setting up a pension workshop in your area.

Pension and Benefits Newswire


Teamsters pension plan stuck in crisis

BenefitsPro
07/22/2013

The plight of the Teamsters' Central States, Southeast & Southwest Pension Plan has been in the news lately and its prospects are not good.

Documents filed at the end of 2012 by the Rosemont, Ill.-based fund show that its liabilities are almost double its assets – $34.9 billion vs. $17.8 billion.

Hoffa's Healthcare Promises: Do You Believe Them?

"How can our leaders be selling us one set of promises on the contract for our insurance while they know themselves it's a bum deal? "
Gary Piso, UPS, Local 249, Pittsburgh (Pictured at Hoffa's desk)

Central States Pension Fund: $17.8 Billion

July 9, 2013. The Central States Pension Fund ended 2012 with $17.8 billion in assets, according to the Fund’s financial and analytical report, which we just obtained, per a lawsuit we won to make this information available to Teamsters and retirees.

Opposition Needs to Grow Now

June 7, 2013: A dangerous proposal that would change federal law to allow "deeply troubled" pension plans to slash the benefits of retirees could be introduced into Congress as soon as this summer.

Brown Sees Green on Pensions

May 24, 2013: UPS will save billions in lower pension costs during the life of the new contract as the company reaps the financial rewards of pension deals in the Central and Southern Regions and New England.

Retirees Turn Out in Force

May 24, 2013: On April 14, some 3,000 retirees came to the union hall to hear an update from Al Nelson of the Central States Pension Fund. Many are concerned about the move by Central States and the Hoffa administration to pass a law which would eliminate the "anti-cutback" rule and allow Central States to cut existing pensions.

Union-Employer Proposal Would Hit Some Retirees

The Wall Street Journal
04/15/2013

A coalition of unions and employers is proposing changes to the federal law that governs the pension plans of about 10 million people, including reducing benefits paid to retirees, the first time in four decades that such cuts would be allowed.

Fears on Teamsters Pension

Wall Street Journal
04/05/2013

Some companies are pushing to withdraw their workers from a giant Teamsters pension plan that faces a deep funding shortfall and questions about its long-term viability.

Thousands Rally to Save Pensions

West Virginia Public Broadcasting
04/02/2013

Sixteen people have been arrested during a protest of Patriot Coal Corp.'s bankruptcy reorganization plan in downtown Charleston today.

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