January 8, 2015: The lame duck Congress attached pension cut legislation to the end-of-year spending bill that will pave the way for the worst pension cuts in Teamster history.
Some troubled pension plans now have the authority to drastically reduce the benefits of current and future retirees — something that hasn’t happened since Congress passed legislation protecting retirement benefits 40 years ago.
The power was included in the last-minute, $1.1 trillion budget compromise signed by President Barack Obama on Dec. 16.
Click here to read more at the Pittsburgh Post Gazette.
For some retirees, Congress has played the Grinch this holiday season.
Tucked into the federal spending bill were provisions that will allow certain struggling multi-employer pension plans to reduce benefits already being received by retirees.
Click here to read more at The Washington Post.
America "survived" the government shutdown, sacrificing the benefits and pensions for millions of retirees. Ed Schultz gives an impassioned response to the new budget. Sen. Bernie Sanders and Rep. Tony Cardenas join the conversation.
Click here to see the video.
December 15, 2014: Congress has passed pension cut legislation. Our Campaign for Pension Justice will make our voices heard from Capitol Hill to the Central States Pension Fund.
We’re not going to stand by and let this happen without a fight.
Yesterday, TDU held a conference call with over 400 Teamsters and retirees—and we are just getting started.
Our Campaign for Pension Justice will make our voices heard from Capitol Hill to the Central States Pension Fund.
We will continue to partner with allies like the Pension Rights Center, the AARP, and unions to challenge the new law and fight for new pension protections.
We’re also organizing Teamsters and retirees to take on the Central States Pension Fund directly.
We are prepared to hold pension organizing meetings around the country to inform and mobilize Teamsters and retirees.
Our pension funds have been run down by Wall Street and the Hoffa administration. Retirees shouldn’t pay the price for their failures.