A Teamster's Pension Commentary

Harold and Donna Carlson
Star Tribune
April 08, 2015

In December 2014, Congress changed pension law by attaching the Pension Reform Act (PRA) to the must-pass 2015 omnibus spending bill as a rider. Doing so allowed the PRA to not be debated on the floor and spared House and Senate members from having to vote on an unpopular measure.

Currently, the U.S. House Committee on Ways and Means is pursuing the reform of Social Security, using much the same rationale that was employed to cut benefits of private pension-plan participants — that if changes are not made, retirees face drastic cuts. The committee states: “Without action to address the fiscal and structural challenges facing Social Security, seniors will see a 23 percent cut to their benefits beginning in 2033. Action must be taken now to preserve the promise of Social Security for today’s beneficiaries and future generations.”

Click here to read more at the Star Tribune.

Get Advice Join TDU Donate

Recent News

The TDU ISC—Frequently Asked Questions

What is the TDU International Steering Committee and how does it work? Who can be elected to the ISC? Get your answers here.

Nominations are Open for TDU Steering Committee

Nominations for the TDU Steering Committee for the coming year are open now through October 20. Here's everything you need to know about the Steering Committee election process which will be online this year.

View More News Posts