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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The Pension Fight

"Congress needs to be reminded that flawed policies like trucking deregulation led to issues with our pensions. Many of our current representatives may not realize the impact that legislation had on our present circumstances. And they also need to know that our pensions were earned over many hard years where we passed on significant wage increases in order to see the companies make contributions towards the promise of our secure retirement. Now that’s being threatened....

Central States Pension Financial Update

December 2, 2013: The Central States Pension Fund had $17.8 billion in assets as of June 30, 2013, which is the same amount it had at the start of the year. The pension fund made $1.1 billion on its investments, a 6.5% rate of return in the six-month period. The high rate was due to the run-up of the stock market during the first quarter. The fund took in $332 million in employer contributions, and...

Time for Action to Save our Pensions

November 21, 2013: Growing opposition to a proposal to allow multi-employer pension plans to slash already-earned benefits has forced a delay in its introduction into Congress. That opposition needs to grow stronger, into a grassroots movement to save our pensions and develop a positive alternative plan to the cuts. A bill was scheduled to be introduced in the US House of Representatives over a month ago to allow "deeply troubled" pension funds—such as the Central...

Opposition Grows to Bill to Allow Pension Cuts

UPDATED October 29, 2013: Opposition to the proposal to amend pension law to allow retirees' pensions to be cut is growing and gaining force to slow down this train wreck and allow consideration of other options. As reported in Pension and Investments, the growing opposition was in evidence at a Congressional hearing held on the proposal today. Click here to watch a video of the testimonies. Click here to tell your Senators and Congressional Representatives to...

The War on Pensions Goes Federal

October 16, 2013: Former Teamster Alex Adams is one of the hundreds of thousands of retirees whose benefits could be slashed if Congress passes legislation to restructure the laws governing multi-employer pension plans. Alex Adams, 71, worked in the trucking industry for 36 years before retiring in 2003. Five years later, Adams was diagnosed with cancer in his larynx and tonsils. As a result, he now takes food through a feeding tube and has to...
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Recent News

Celebrating Our Victory, Looking Ahead

[Reprinted from Teamsters United] Our movement made history yesterday when six Teamsters United leaders were inaugurated as International Union Vice Presidents at the Teamsters Unity Conference.

Teamsters Rally, Build Support for Pension Protection

Major political and labor leaders vowed to back pension protection for retirees at a rally of 400 people in the Minnesota State Capitol rotunda in St. Paul on Tuesday.

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