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

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.

 

What is a “Hybrid” Pension Plan?

Under the "Hybrid" model, the Pension Fund sets up two departments: the traditional pension model and the new one with no employer liability.

Minnesota House Rep Stands By Teamster Pension Activists

Congressman Rick Nolan (D-MN) has invited Sherman Liimatainen, the Vice President and Treasurer of the National United Committee to Protect Pensions (NUCPP), to sit beside him when President Trump addresses Congress for the first time this evening. Nolan stated, “Make no mistake, there are powerful forces trying to do away with people’s pensions, and we will continue to fight them on every front…” 

Central States Third Quarter Report: $15.7 Billion Assets

The 3rd quarter 2016 Independent Special Counsel Report shows that the Central States Pension Fund had $15.7 billion in assets of as September 30, 2016. This is down $400 million since the start of 2016, but up $100 million in the third quarter, due to a good run (5.3% gain for the quarter) in stock holdings and also in bond holdings (2.3%). 

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Recent News

UPSers Take Action After the Vote No Telephone Town Hall

More than 5,000 UPS Teamsters participated in a Vote No Telephone Town Hall to discuss the proposed deal, make plans to defeat givebacks and win a better contract.  

UPSers to Vote on Proposed Deal

Officers from every UPS local met today in Chicago and approved sending the national contract out for a membership vote. A national Vote No Telephone Town Hall of UPSers and Teamster officers who oppose the contract will be held on Saturday. Registration closes at 3 pm on Friday.

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