Congress has passed legislation that guts pension protections and will pave the way for benefit cuts in Teamster pension plans in “critical or declining status.” Over 400,000 Teamsters face the threat of cuts in the Central States, Local 469, and the New York State Teamsters Pension Plan.
We won a major victory when our grassroots movement convinced the Treasury Department to reject the Central States pension cut plan, but the fund will eventually go broke without action by Congress and 400,000 Teamsters will lose their pensions.
TDU is organizing with the Pension Rights Center, AARP and other allies to defend Teamster pensions.
We will make our voices heard inside our union and on Capitol Hill.
We work our whole lives for our pensions. Now we're working togeteher to save them. Can you help?
Join the Save Our Pensions Campaign
July 13, 2018
Take action to defeat givebacks at UPS with the latest contract bulletins and Vote No tools.
July 13, 2018
The Central States Pension Fund ended the first quarter of 2018 with assets of $14.8 billion, a loss of $172 million for the quarter ending March 31, 2018. However, the loss would have been much worse except for a one-time payment of $467 million by the Kroger Corporation; this was a lump sum payment to pull all Kroger and some Kroger-contractor employees out of the pension fund permanently.