Pensions & Benefits


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Senate Bill Fails to Protect Pensions: Battle Continues Now

The $2 trillion stimulus package which passed the Senate and will likely soon be passed by the House, called the “Phase 3” plan to revive the economy, did not include protection for earned pensions. But that fight is alive right now, because a new “Phase 4” bill will be considered in late April.

Call Congress Now: Don’t Bail Out The Corporations and Leave Working America in Dire Straits  

Both Central States and the National United Committee to Protect Pensions are strongly encouraging active and retired Teamsters to call Congress now and ask them to support the protection of pensions in any legislation that will provide tax dollars to address the pending economic crisis caused by Covid-19.

Central States Fund Falls to $12.3 Billion -- Senate Action Needed

The 2019 Financial Report of the Central States Pension Fund shows that fund assets dropped to $12.3 billion, as retirement payouts far outstrip the income from employers remaining in the fund. The net loss on the year was $857 million, and the Fund continues to predict insolvency in 2025, unless action comes soon.

Pension Fix Needs Congressional Action Now

Continued erosion of the assets of the Central States Pension Fund and the pension back-stop, the Pension Benefit Guaranty Corporation, demand immediate Congressional solutions as reported here.

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.

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Recent News

Call Congress: Demand Protection for Frontline Workers

Unions and public allies are coming together this week to tell Congress to protect frontline workers by requiring employers to provide protections to workers to prevent COVID-19 exposure in the workplace. You can help by making a phone call today.

Kroger Finally Agrees to $2 per Hour Hazard Pay

Kroger finally joined the bulk of the food distribution and retail industry in raising pay by $2 per hour for at least the next three weeks. The move came on March 31, one week after TDU exposed Kroger’s failure to join most similar companies in a $2 raise for front-line essential workers.

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