Time to Defend Our Pensions

January 3, 2014: Major changes to federal pension laws will be considered by Congress in 2014. Teamster members, along with the AARP and the Pension Rights Center, are organizing to defend your right to your pension.

The National Coordinating Committee for Multi-Employer Plans (NCCMP), which includes the Central States Pension Fund along with many Teamster employers and some unions, is lobbying for a law which would allow already-earned pensions to be cut. Thomas Nyhan, the Director of the Central States Fund, was a star witness in Congressional hearings in favor of cutting existing pensions.

The NCCMP is now aiming to get their bill into Congress by summer, after the coalition to save pensions got it stalled last fall. The Pension Protection Act of 2006 has a sunset clause and will likely be renewed or changed in 2014.

The IBT announced in December that it was launching a campaign to defend Teamster pensions and promised retirement benefits, after Hoffa switched over to oppose the NCCMP stand. If Hoffa follows through on this pledge, it will boost our efforts. We need IBT resources to build a national mobilization in every local and in Washington DC to defend pensions.

Take Action to Save Our Pensions

  • Learn about the attack on union pensions and the dangerous new bill to cut our pensions at www.tdu.org/pensions.
  • Organize a pension meeting with retirees and active Teamsters in your area—call TDU for help planning your meeting.
  • Volunteer to participate in a delegation to visit Congress or local lawmakers.

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