April 29, 2015: Teamsters and retirees have launched a petition campaign calling on the Central States Trustees and IBT President James Hoffa to support an independent actuarial audit of the Central States Pension Fund to determine the extent and necessity of pending benefit 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
April 24, 2015: The Hoffa administration is making a deal to let Kroger pull 7,000 Teamsters out of the Central States Pension Plan, and move them into a Kroger pension plan. Is Hoffa out to destroy the pension fund his father set-up, or does he just sign any deal the employer wants?
April 21, 2015: Central States retirees in the growing pension movement are calling on the appointed “Retiree Representative” to be a genuine independent voice.
Teamsters are up in arms over looming pension cuts that could slash the incomes of both current and future retirees—anyone under 80.
April 15, 2015: The Central States Pension Fund has launched a PR offensive to sell their fast-track pension cut plan as the only way to “rescue” members’ retirement.
April 15, 2015: Central States Pension Fund Director is giving the hard sell on his fast-track pension cuts, but withholding all the information members need to formulate alternatives.
He states the plan will go broke in exactly 11 years, and says we cannot question his facts. Where does he get this figure? And why hasn’t it changed as the fund’s assets have gone up?
April 14, 2015: Under the banner of “Save Our Pensions”, 175 Minnesota Teamsters and retirees met on April 11 in St. Paul to get the facts and build the movement to save pensions.
April 9, 2015: Yesterday Teamster leaders and Central States Pension Fund director Thomas Nyhan laid out in vague terms their plan to cut the pensions of retirees and active Teamsters. A preliminary letter to all participants will be mailed out today.
Sue Mauren was a Teamster employed at the University of Minnesota. She participated in a pension plan run by the university, and was not a participant in the Central States Fund (CSPF) She became a Teamster around 1980 and continued till the early 1990s, when she was hired as a business agent.