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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Related Articles

Central States Pension Annual Financial: $15.3 billion

The Central States Pension Fund Financial Report (4th Quarter 2016) shows that the fund ended 2016 with $15.3 billion in assets, down from $16.1 billion a year earlier. Due to healthy returns on bonds and in the stock market, this was not as bad as 2015 but still shows the fund headed steadily downward.

New York State Teamsters Pension Fund Withdraws Application

The New York State Teamsters Conference Pension and Retirement Fund has withdrawn the MPRA application for benefit cuts as a result of concerns raised by U.S. Treasury. 

A Winning Strategy to Save Pensions

Over the past three years, the Teamster pension protection movement has done a tremendous job: this grassroots movement stopped the Central States from slashing pensions, caused an investigation of the fund, and built political support far and wide. But can we win real pension protection? We think we can.

Pension Rights Center Calls for Action on Proposed Senate Resolutions

The Pension Rights Center has issued a letter opposing proposed Senate resolutions that will halt millions of private sector workers from saving for retirement. Many states have passed legislation that allows for low-cost savings plans for employees who do not have access to a pension or a 401(k). The Senate resolutions would overturn a Department of Labor rule that allows cities and states to enable employers to offer low-cost savings plans. 

New England Pension Fund: Critical Status

The notice of critical status addressed to 72,000 participants in the New England Teamsters Pension Fund dropped a potential bombshell: the Fund’s Actuary certified to the Department of Labor that the plan is “critical and declining” and thus could possibly be subject to cuts for retirees and active Teamsters.

 

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Recent News

Teamster Financial Reports Now Available

The 2018 financial reports on Teamster locals, joint councils, and the International Union are now available, or will become available by March 31. Here is the International union LM-2 financial report.

Central States Pension Fund: $13.2 billion

The Central States Pension Fund ended 2018 with assets of $13.2 billion, a loss of $1.8 billion for the year, according to the fourth-quarter Financial and Analytical Report.

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