Pensions & Benefits


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Protect Earned Pensions: Act this Week

Now is the time for all Teamsters – active and retired – to contact their Senators to urge that pension protection be included in the new stimulus bill.  Congress will reconvene and negotiate the terms of the new stimulus bill next week. This may be our last, best chance to protect earned pensions for Teamsters and all workers. 

 

Central States Pension Assets Down to $11.75 Billion – Legislation Urgently Needed

The Central States Pension Fund (CSPF) is down to $11.75 billion in assets, a loss of $557 million in the first quarter of 2020, according to the Fund’s Financial and Analytical Report obtained by TDU.

Protect Pensions Now

Our friends at the Pension Rights Center make compelling arguments for why Congress must protect pensions with the next stimulus legislation. 

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.

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