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.
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
February 5, 2015: Teamsters in Southern California held a packed meeting to build a campaign to elect new International Union leaders. Next up: Columbus and Cleveland, Ohio on Feb. 21-22.
February 3, 2015: A review of the 3rd quarter 2014 financial report of the Central States Pension Fund shows that the fund has $18 billion as of September 30, 2014.
Anyone who thinks that congressional votes, federal regulations and the machinations of Wall Street have no bearing on their day-to-day lives should talk to John Raffiani Sr.
January 30, 2015: TDU's Pension Justice Campaign is on the move. Our voices are getting into the media and Teamster members and retirees are organizing to fight cuts and protect our pensions.
"I hauled cars out of Selkirk, New York for 31 years. I worked for a number of different companies – Automobile Transport, Nu-Car Carriers, Anchor Motor Freight, M&G Convoy, Leaseway, Ryder and finally, Allied. I retired in 2002."
January 13, 2015: The Central States Health and Welfare Fund (TeamCare) is flush with money, as Hoffa and Hall make excuses for benefit cuts that UPS Teamsters and retirees have suffered.
January 13, 2015: A review of the 2nd quarter 2014 financial report of the Central States Pension Fund shows that the fund had $18.7 billion as of July 1, 2014.