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.

donate-thumb.jpg

get-involved-thumb.jpg


Related Articles

Could Central States Cuts Affect UPS Retirees?

March 15, 2013: Some 50,000 UPS Teamsters stand to draw a pension from the Central States Fund, even though UPS was allowed to pull out of that fund in 2008 and set up their own IBT-UPS Pension Plan, run by the company. The way it works is that UPS pays the pension until the retiree reaches 65. Then Central States pays its share of the pension (which would be most of it), and UPS makes...

A Plan to Protect Pensions

March 15, 2013: Instead of parroting the employers who want to cut our pensions, our Teamsters Union should be proposing positive legislation to protect workers' hard-earned benefits. How about these ideas: Build a coalition of unions, retiree groups, AARP to push for positive legislation to protect and shore up pensions. Propose enhanced protection from the Pension Benefit Guaranty Corporation (PBGC). It is presently funded by tiny contributions from various pension plans: increase them to provide...

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...
Get Advice Join TDU Donate

Recent News

Central States 2020 Financial Report Shows: Pension Protection Comes Just in Time

The 2020 financial report of the Central States Pension Fund shows that the passage of the Butch Lewis pension relief act comes just in time to prevent drastic pension cuts, and to protect all earned pensions for decades to come.

UPS Freight FAQs

The IBT posted a letter from UPS Freight to all locals addressing a range of questions raised by members concerning the recent sale to TFI. The letter confirms that TFI will adhere to contract provisions and pension requirements. Those Teamsters not yet vested in the pension will not lose their accrued time. UPS Freight Teamster members and stewards need to continue to monitor and enforce the contract during the transition. 

View More News Posts