Save Our Pensions Campaign

TDU is uniting Teamsters and retirees together to save our pensions. We won a major victory when the Treasury Department rejected the Central States pension cut plan. But more than 400,000 Teamsters and retirees still face the threat of cuts. We're fighting back. We worked our whole lives for our pensions—now we are working together to defend them. 

TDU has joined forces with AARP, other unions, the Pension Rights Center and labor allies to support pension reform legislation that will strengthen our pension funds and save our benefits.

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    Pension Cuts Campaign

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The pension protection bill is named in honor of Butch Lewis, who died in December 2015, and was an important leader in the pension protection movement. His widow, Rita Lewis, has carried on the fight and was a featured speaker at the Washington DC press conference.

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Ohio Senator Plans to Introduce Butch Lewis Bill to Protect Pensions

Senator Sherrod Brown (D-OH) held a press conference at Local 377 in Youngstown, Ohio to announce he and Congressman Tim Ryan (D-OH) will introduce a bill that would create an office inside the U.S. Treasury called the Pension Rehabilitation Administration. The bill, if passed, would provide loans to pension funds in critical or declining status to guarantee payments of promised pension benefits. Monies would be raised by U.S. Treasury issuing bonds that would be purchased by private investors. 

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This Thanksgiving, we’re thankful for TDU members and supporters. Together, we’re organizing to defeat contract givebacks and pension cuts, clean up corruption, and elect strong Teamster leaders in our local unions and at the IBT. And we’re not done yet!

Central States Pension: $15.3 billion

The latest quarterly financial report of the Central States Pension Fund (CSPF) shows that the fund has treaded water during 2017, due to the continued run-up in the stock market. But the underlying problems have only worsened.

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