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

Union Membership Steady for 2019 at 16.4 million

That represents a slight decline in percentage of unionization, according the comprehensive annual report. The union advantage remains strong: "Union members had median usual weekly earnings of $1,095 in 2019, while those who were not union members had median weekly earnings of $892" That's $10,556 per year. Read the report.

'How this African American UPS worker challenged powerful union leaders in Philly, and won.'

by Juliana Feliciano Reyes, January 22, The Philadelphia Inquirer

"Around the country, rank and file union activists — from teachers to journalists to warehouse workers — have challenged the establishment, who they say is too complacent, too cozy with management, to fight for workers and keep corporations in check."

View More News Posts