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: 35 Companies Join "New" Fund

March 15, 2013: The third quarter financial report on the Central States Pension Plan indicates that the fund had $18 billion in assets as of the end of September 2012. This means the fund held its own for the first nine months of 2012, but surely fell behind in the fourth quarter, when the stock market made no gains. The fund has 30 percent of its total assets pegged to the S&P 500 index of...

IBT Backs Plan to Allow Some Pension Cuts

February 26, 2013: The Hoffa administration has signed on to a joint employer-union proposal to allow "deeply troubled" pension funds to slash accrued benefits, even for Teamsters who have already retired. This proposal, which could be aimed squarely at the Teamster Central States Fund, comes from the National Coordinating Committee for Multiemployer Plans, a committee of employers, unions and pension plans. UPS is a prominent member of the group, which also includes several pension funds,...

Central States Fund: 35 Companies Switch to “New” Plan

February 8, 2013: The third quarter financial report on the Central States Pension Plan indicates that the fund had $18.0 billion in assets as of the end of September 2012.   This means the fund held its own for the first nine months of 2012, but surely fell behind in the fourth quarter, when the stock market made no gains. The fund has 30% of its total assets pegged to the S&P 500 index of the...

Major Pension Changes Could Be Coming: New England and Central States Adopt "Hybrid" Plan Model

November 20, 2012: Two of the biggest Teamster Pension Plans have adopted a new pension model. What does it mean for members' pensions? Both the Central States Fund and the New England Pension Plan have a new pension model that may affect tens of thousands of Teamsters. Why are employers pushing for the new "Hybrid Plan" model? What will it mean for Teamsters' pensions? Companies are getting increasingly aggressive about getting out of defined-benefit union...

The "Hybrid" Withdrawal Liability Method

November 20, 2012: Under the "Hybrid" model, the Pension Fund sets up two departments: the traditional pension model and the new one with no employer liability. To switch to the department with no future withdrawal liability, a company has to pay off all its current withdrawal liability, either in a lump sum or on a payment plan. For example, over 10,000 UPS Teamsters in New England were switched into the new plan in September. UPS...
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Recent News

Corruption Allegations Cloud Tentative Rail Labor Agreement

Allegations of insider-dealing and violations of fiduciary duty swirl around the top officers of the Brotherhood of Locomotive Engineers and Trainmen (BLET-IBT), following a tentative labor contract they signed. 

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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