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Central States Pension Fund: $12.7 Billion in Asset

The third quarter financial and analytical report shows that the Central States Pension Fund is down to $12.7 billion in assets, a drop of $460 million since the beginning of 2019.

Pension Protection Committee Responds to Grassley Bill

The National United Committee to Protect Pensions (NUCPP) has issued a statement in response to the Multiemployer Pension Recapitalization and Reform bill introduced by Senator Chuck Grassley (R-IA) and Lamar Alexander (R-TN)

Republican Senators Introduce New Pension Bill

Senators Chuck Grassley (R-Iowa) and Lamar Alexander (R-Tenn) have introduced a pension bill, the “Multi-employer Pension Recapitalization and Reform Plan,” to deal with the crisis affecting millions of retirees, surviving spouse, and active workers in some 125 pension plans.

Central States Pension Fund: $12.9 Billion

The second quarter financial report of the Central States Pension Fund shows $12.9 billion in assets, compared to $13.2 billion at the end of 2018. The funds assets have declined $289 million in six months.

U.S. House Passes Pension Protection Bill – Moves on to Senate

Yesterday, the U.S. House of Representatives passed HR 397 – the Butch Lewis Pension Act. The vote comes following five years of intensive organizing by hundreds of retired and active Teamsters who worked to protect the pensions they earned. This grassroots effort was spearheaded by the National United Committee to Protect Pensions. The committee eventually garnered the support of the IBT, Central States, and a range of elected representatives. TDU helped initiate this effort in 2014.

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Recent News

Union Membership Steady for 2019 at 16.4 million

That represents a slight decline in percentage of unionization, according the comprehensive annual report. The union advantage remains strong: "Union members had median usual weekly earnings of $1,095 in 2019, while those who were not union members had median weekly earnings of $892" That's $10,556 per year. Read the report.

'How this African American UPS worker challenged powerful union leaders in Philly, and won.'

by Juliana Feliciano Reyes, January 22, The Philadelphia Inquirer

"Around the country, rank and file union activists — from teachers to journalists to warehouse workers — have challenged the establishment, who they say is too complacent, too cozy with management, to fight for workers and keep corporations in check."

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