Pension and Benefits

Senate Takes Up Crucial Pension Legislation

TDU — Fri, 28 May 2010 15:14:26 -0500

May 28, 2010: On May 27, the US Senate Committee on Health Education, Labor, and Pensions held hearings on a piece of legislation of vital importance to Teamsters and retirees.

Save Our Pensions

TDU — Fri, 26 Feb 2010 17:47:04 -0600

February 26, 2010: Teamsters are worried about our pensions.

New legislation could help save our benefits. But it won’t be won without strong union action.

IBT-UPS Pension Plan Keeps You in the Dark

TDU — Fri, 26 Feb 2010 17:19:40 -0600

March 8, 2010: Have you ever tried to get information from the new “IBT-UPS Pension Plan” that covers all full time UPS Teamsters in the Central and Southern Regions and the Carolinas?

Status Update: Central States Pension Fund

TDU — Fri, 26 Feb 2010 16:41:25 -0600

February 26, 2010: The good news: Central States assets increased $2 billion last year.

The bad news: The fund is still in deep trouble.

Warning: This Could Affect Your Pension

TDU — Mon, 07 Dec 2009 13:20:17 -0600

December 7, 2009: A new pension bill is working its way through Congress which could provide some needed relief to Teamster pension funds, but there are possibilities of changes that could cut some Teamster pensions.

Central States: Ten Years of Decline Under Hoffa

TDU — Fri, 11 Sep 2009 10:49:26 -0500

September 11, 2009: This graph shows the decline in participants in the Central States Pension Fund during the 10-year reign of James Hoffa as Teamster president.

YRC Pension Withdrawal Hurts Funds

TDU — Fri, 11 Sep 2009 10:35:21 -0500

September 11, 2009: YRC is saving $40 million per month by not paying into any Teamster pension fund on its 35,000 Teamster employees. This concession is aimed at keeping YRC afloat, and its hard-working drivers, dockhands, mechanics and office workers on the job.

Central States: Assets at $17.5 Billion; New Reemployment Rule

TDU — Fri, 11 Sep 2009 10:21:44 -0500

September 11, 2009: A review of the second quarter Financial and Analytical Report of the Central States Pension Fund shows that assets are up, but its problems continue.

Pension Crisis Calls for Teamster Action

TDU — Fri, 22 May 2009 14:27:28 -0500

May 22, 2009: Our union needs to mobilize Teamster members and retirees—in the halls of Congress and in the streets—to save our benefits. It’s time for decisive action.

Billions to Bail Out Banks, Time to Protect Our Pensions

TDU — Fri, 10 Apr 2009 18:01:20 -0500

April 10, 2009: Reckless Wall Street schemes have devastated Teamster pension plans. Can our union help lead the fight for retirement security for working families?

Central States Financial Report: Relief Sought; More Members Needed

TDU — Fri, 10 Apr 2009 17:21:24 -0500

April 10, 2009: The 2008 Financial and Analytical Report on the Central States Pension Fund was finally issued in late March, and it’s not pretty.

UPS Won’t Guarantee Benefits After 2013

TDU — Fri, 10 Apr 2009 16:30:14 -0500

April 10, 2009: On January 1, 2008, UPS transferred some 44,000 full-time Teamsters out of the Central States Pension Fund, and into a new UPS-only pension plan.

Questions & Answers on Teamster Pensions

TDU — Mon, 02 Mar 2009 11:02:23 -0600

March 11, 2009: Many Teamster members are worried about their retirement and want to know more about how their pension works and how they are protected.

Baltimore Members End Pension Freeze

TDU — Fri, 27 Feb 2009 16:12:38 -0600

February 27, 2009: The Baltimore Local 355 pension is no longer frozen, thanks to hundreds of working Teamsters who took action and demanded improvement.

Protecting Our Pensions in Hard Times

TDU — Fri, 14 Nov 2008 13:18:27 -0600

November 14, 2008: The crisis on Wall Street has millions of Americans—and many Teamsters—worried about their retirement.

Local 804 Members Still Looking for Straight Talk on Benefits

TDU — Fri, 01 Aug 2008 12:25:11 -0500

August 5, 2008: Months after New York UPSers approved new bylaws for their local, members are still having trouble getting straight information about their benefits.

Massive Losses in Local 804 Health Fund

TDU — Fri, 20 Jun 2008 11:30:43 -0500

June 20, 2008: A report by Local 804 members reveals that the union’s health fund lost nearly $18 million from 2003 to 2007. During that time, the fund lost 55 percent of its assets.

Pension Protection Act: Brought to You by UPS

TDU — Fri, 20 Jun 2008 11:23:08 -0500

June 20, 2008: Right after the Pension Protection Act was passed in 2006, the New York Times warned “the new Pension Protection Act will do little to protect most Americans.”

Central States Fund’s Letters Stir Concerns

TDU — Thu, 01 May 2008 11:09:53 -0500

May 1, 2008: Hundreds of thousands of working Teamsters and retirees received a startling letter from the Central States Pension Fund in early April saying that the fund is in critical status.

New England Pension Fund in the Red Zone

TDU — Thu, 01 May 2008 11:05:42 -0500

May 1, 2008: The New England Teamsters and Trucking Industry Pension Fund has put members on notice that the fund will be in critical status (the “Red Zone”) when its funding classification is

What Does the New Pension Law Mean for Your Benefits?

TDU — Thu, 27 Mar 2008 12:11:43 -0500

March 27, 2008: What’s in store for Teamster pension funds under the Pension Protection Act?

New England Pension Fund Plans More Cuts

TDU — Thu, 27 Mar 2008 12:02:44 -0500

March 27, 2008: The third largest pension fund in the Teamsters Union is reportedly planning new benefit cuts.

New Jersey Local 641: Pension Act Delivers Pension Cuts

TDU — Thu, 27 Mar 2008 11:56:19 -0500

March 27, 2008: Teamsters in New Jersey Local 641 were hit with major pension and health and welfare cuts on March 10—just nine days after the Local 641 pension fund announced it was in critical

The Pension Protection Act: What It Means for You

TDU — Thu, 27 Mar 2008 11:48:30 -0500

March 27, 2008: In April, hundreds of thousands of Teamsters will be getting a report from their pension fund on its funding status.

The Teamster Pension Divide

TDU — Thu, 10 Jan 2008 14:49:44 -0600

January 10, 2008: A study of major Teamster pension plans reveals a growing “Benefit Divide,” with the new UPS Pension Plan paying the worst benefits in the country.

Central States Fund Director Reports Average Retirement Age Goes Up

TDU — Thu, 10 Jan 2008 14:36:07 -0600

January 10, 2008: The Director of the Central States Pension Fund, Thomas Nyhan, told over 100 local union officers in December that he did not want UPS to split off from the Fund, but could not st

Pension Grab Affects All Teamsters

store — Wed, 17 Oct 2007 14:45:25 -0500

October 17, 2007: By late November, we will know if UPS has succeeded in breaking out of the Teamster Central States Pension Plan.

UPS Wants Control to Keep Lid on Our Pensions

store — Thu, 27 Sep 2007 13:46:02 -0500

September 27, 2007: As October 1 approaches, the National Negotiating Committee is preparing to cave in to the company's demand to break out of the Central States Pension Fund.

Letting UPS Withdraw Would Weaken Our Union’s Power

TDU — Thu, 23 Aug 2007 13:49:21 -0500

August 23, 2007: The assets of the Central States Pension Fund are on the rise and our union will lose long-term power in dealing with management if we let UPS split from the fund.

Save Our Pensions

TDU — Thu, 12 Jul 2007 11:41:45 -0500

July 12, 2007: In June ABF CEO Bob Davidson circulated a letter to all Teamster employees saying that members should dump their Teamster pensions for a company 401(k).

UPS Moves To Break Up Central States Fund

TDU — Fri, 08 Jun 2007 14:20:49 -0500

June 8, 2007: UPS management has put a dangerous proposal on the table: to pull UPS Teamsters out of the Central States Pension Fund, the plan that covers 42,000 full-timers in 25 states.

Will Hoffa Let UPS Split Up the Central States Pension Fund?

TDU — Fri, 11 May 2007 15:27:10 -0500

May 9, 2007: Management has put a proposal on the table to pull UPS Teamsters out of the Central States Pension Plan – the plan that covers 42,000 full-timers in 25 states.

Will We Make UPS Deliver Pension Improvements?

TDU — Thu, 10 May 2007 13:21:51 -0500

May 9, 2007: Ken Hall has promised that the UPS contract will improve pensions and send a message to all employers that our union won’t stand for pension and benefit cuts.

Western Conference: Will Record Contributions Win Back Our Pensions?

TDU — Thu, 10 May 2007 13:17:23 -0500

May 9, 2007: Hundreds of thousands of Teamsters covered by the Western Plan are still facing a nearly 40 percent pension cut even though the fund is 100 percent funded.

The Time Is Right to Win Pension Improvements

TDU — Wed, 04 Apr 2007 19:00:00 -0500

April 2, 2007: Since 2003, our Teamster benefits have been under attack. But the coming year gives our union the opportunity to take the offensive.

Central States Fund Expands to $21 Billion

TDU — Tue, 03 Apr 2007 18:41:58 -0500

April 2, 2007: The Central States Pension Fund ended 2006 with a $1.4 billion gain in assets, reaching $20.7 billion—up from just $15 billion a few years ago.

Local 814 Movers Smacked with Healthcare Cuts

TDU — Tue, 03 Apr 2007 18:36:00 -0500

April 2, 2007: Commercial movers from Teamster Local 814 in New York City have been hit with healthcare cuts—following a concessionary contract that diverted millions of dollars in contributions

Pension Cuts Hit Flagship UPS Local

TDU — Wed, 06 Dec 2006 13:34:30 -0600

December 5, 2006: Just two months into early negotiations with UPS to protect Teamster benefits, the company has cut the pensions of thousands of UPS Teamsters in New York City.

New approach to Teamsters trucking companies’ pension withdrawal liability

TDU — Wed, 14 Dec 2011 13:42:27 -0600

December 14, 2011: After decades of uncertainty over millions of dollars of potential pension withdrawal liability, Teamsters union-covered trucking companies in multi-employer pension plans finally have some tangible financial rays of hope.

Central States Fund: $19.8 Billion

TDU — Mon, 07 Nov 2011 16:39:48 -0600

November 7, 2011: The mid-2011 financial report on the Central States Pension Fund is now available from Teamsters for a Democratic Union. The report, prepared by the Fund’s Independent Special Counsel, shows that Central States has to make 11 percent return on investments to keep from going backward.

Who Killed Private Pensions?

TDU — Tue, 20 Sep 2011 13:55:11 -0500

September 20, 2011: Gary Skarka had a rewarding middle-management career at AT&T, along with some of the best retirement benefits in the country.

YRC Worldwide resumes Teamsters plan contributions

TDU — Thu, 02 Jun 2011 12:08:53 -0500

June 2, 2011: YRC Worldwide Inc., Overland Park, Kan., on Wednesday resumed making contributions to its union pension plans after a 23-month hiatus, but the contributions are 75% less than they had been.

Q&A on YRC Pension Cuts

TDU — Fri, 20 May 2011 13:38:29 -0500

May 20, 2011: Thousands of YRC Teamsters have questions about the future of their benefits.

UPS Full-Time Pension Plan only 60% Funded

TDU — Thu, 05 May 2011 15:45:33 -0500

May 5, 2011: The new UPS-IBT Pension Plan, which covers UPS full-timers in 25 states, was only 60.7% funded as of 2010, according to its Annual Funding Notice and its Annual Report.

Central States Slashes Pensions for YRCW Teamsters

TDU — Fri, 25 Mar 2011 14:15:27 -0500

March 25, 2011: Central States is totally eliminating early retirement for YRC Teamsters and dropping them into the rock bottom plan.

Central States Ends 2010 with $19.9 Billion

TDU — Fri, 11 Mar 2011 14:45:16 -0600

March 11, 2011: The Central States Pension Fund’s Financial and Analytical Report for 2010 reveals that the fund is in just about the same shape as a year ago, with assets of $19.9 billion.

Survey Reveals Most Teamster Pension Funds in “Red Zone”

TDU — Mon, 24 Jan 2011 15:57:37 -0600

January 24, 2011: Wall Street greed and the corporate attack on unions has triggered a crisis in our pensions.

Central States: No Retirement till Age 57

TDU — Mon, 24 Jan 2011 15:20:35 -0600

January 24, 2011: The Central States Pension Fund will totally eliminate retirement before age 57, effective July 1.

New England Pension Fund Launches a New Plan

TDU — Mon, 24 Jan 2011 15:13:13 -0600

February 1, 2011: Can a new plan with a blank slate help organize new members into our pensions?

Central States: No Retirement till Age 57

TDU — Thu, 20 Jan 2011 14:38:36 -0600

January 20, 2011: The Central States Pension Fund will totally eliminate retirement before age 57, effective July 1.

Christian Science Monitor: Cutting Social Security will not fix the national debt

TDU — Tue, 28 Dec 2010 16:51:21 -0600

December 28, 2010: Washington is panicking over the national debt.

Corporate Attack on Pensions Hits Public Workers

TDU — Mon, 20 Dec 2010 16:28:59 -0600

January 3, 2011: In early December, a bill was introduced in Congress that will escalate the attack on public employee pensions.

Western Freight Retiree Health Care Clobbered

TDU — Mon, 20 Dec 2010 16:21:52 -0600

December 20, 2010: Freight Teamsters have gotten little but bad news from their employers and from the Hoffa administration.

YRC Teamsters Still in the Dark about Pension Credits

TDU — Mon, 20 Dec 2010 15:24:35 -0600

December 20, 2010: YRC Teamsters were asked to vote for massive concessions for nearly five years, and were offered one benefit: resumption of pension credits, at a smaller contribution rate.

Sell Out Teamster Pensions to Get UPS Freight Dues?

TDU — Mon, 20 Dec 2010 15:22:29 -0600

January 18, 2011: We Would Never Do That, Swore Hoffa and Hall.

BNA Daily Labor Report: Pension Reform Hill Watchers Say Election Results May Delay Policies to Expand Retirement Plan Coverage

TDU — Wed, 10 Nov 2010 11:30:55 -0600

November 10, 2010: Expanding retirement plan coverage most likely will take a back seat to reducing budget deficits when control of the House shifts to the Republican Party in January 2011, Hill watchers told BNA in interviews leading up to and after the election.

Teamster Funds Shifts Billions to Mellon, Northern Trust

TDU — Thu, 07 Oct 2010 13:27:28 -0500

October 7, 2010: Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., hired Mellon Capital Management to run $926 million in an MSCI EAFE index find, according to a filing in U.S. District Court in Chicago.

Central States Pension Fund Update

TDU — Tue, 28 Sep 2010 10:48:59 -0500

September 28, 2010: The Central States Pension Fund had $18 billion in assets as of June 30, 2010, according to their quarterly Financial and Analytical Report, which Teamsters for a Democratic Union obtained in late August.

Will Hoffa Fight for His Job Harder than He Fought for Your Pension?

TDU — Tue, 28 Sep 2010 10:33:44 -0500

October 15, 2010: Hoffa is up for re-election next year. And he’s got to know he’s got a tough battle ahead.

Central States Pension Fund: Update

TDU — Fri, 17 Sep 2010 11:07:42 -0500

September 17, 2010: The Central States Pension Fund had $18 billion in assets as of June 30, 2010, according to their quarterly Financial and Analytical Report.

Pension Rights Center: Pension Action

TDU — Tue, 14 Sep 2010 15:04:30 -0500

We need your help! As part of Retirement USA’s “Wake Up, Washington!" Month, the Pension Rights Center is looking for stories from individuals who have concerns about their retirement security. Tell us your story!

Sandy Pope on GritTV

TDU — Fri, 03 Sep 2010 10:29:10 -0500

September 3, 2010: Teamster leader Sandy Pope talks about the challenges facing working Teamsters and the labor movement in GritTV’s Labor Day feature.

New England Pension Fund

TDU — Wed, 11 Aug 2010 12:30:13 -0500

August 20, 2010: The New England is our union’s third largest fund.

Where it stands and what it will take to protect our pensions and rebuild union power.

Questions and Answers about Your Pension

TDU — Wed, 11 Aug 2010 11:41:09 -0500

August 13, 2010: Are you worried about the future of your pension, and want answers? You’re not alone.

Saving Teamster Pensions

TDU — Thu, 01 Jul 2010 17:14:54 -0500

July 1, 2010: Teamster members are paying a high price for the pension concessions negotiated by the Hoffa administration.

The Teamster Benefit Divide

TDU — Thu, 01 Jul 2010 15:43:57 -0500

July 1, 2010: Hoffa let UPS pull out of the Central States and gave UPS Freight a free pass on paying Teamster benefits.

Now Teamster members are paying the price.

Comparison of Pension Benefits for UPS Teamsters

TDU — Thu, 01 Jul 2010 15:35:13 -0500

UPDATED July 1, 2010

The New UPS Pension Plan
$2,500 25-at-57
$3,000 30-and-out

The accrual rises to just $158.50 by the end of the contract.

Freight Teamsters and the Pension Divide

TDU — Thu, 01 Jul 2010 15:22:39 -0500

July 1, 2010: The biggest factor at the present time in the pension divide is the threat to the pensions earned by Teamsters at YRC—our union’s largest employer of freight Teamsters, and the la

Pension Bill Stalled in US Senate

TDU — Thu, 01 Jul 2010 13:39:23 -0500

July 1, 2010: A bill that could provide help to troubled pension plans is now stalled in the U.S. Senate, but it could still move forward this year, with a push from below.

Upstate New York Teamsters Face Pension Cuts

TDU — Thu, 01 Jul 2010 13:33:38 -0500

July 1, 2010: The New York State Teamsters Pension Plan will end 25-and-out and 30-and-out benefits at the end of the year, due to the fact that the plan is underfunded and in the “red zone.”

Upstate New York Teamsters Face Pension Cuts

TDU — Tue, 15 Jun 2010 16:39:04 -0500

June 15, 2010: The New York State Teamsters Pension Plan will end 25-and-out and 30-and-out benefits at the end of the year, due to the fact that the plan is underfunded and in the “red zone.”

Millions May Lose Health Coverage Due To No Federal Extension Of Safety Net Benefits

TDU — Tue, 08 Jun 2010 12:07:57 -0500

June 8, 2010: Millions of newly laid-off workers and very low-income people may lose health coverage because key federal safety net assistance was not extended in the recent jobs bill, according to a report released today by the consumer health organization Families USA.

Central States Pension Financial Update

TDU — Wed, 02 Jun 2010 16:18:26 -0500

June 2, 2010: Goldman Sachs has resigned from its fiduciary position of managing several billion dollars of investments for the Central States Pension Fund.

Central States Pension Fund Warns of Insolvency

TDU — Tue, 01 Jun 2010 09:47:50 -0500

June 1, 2010: The Teamsters union’s Central States pension fund faces insolvency within 10 to 15 years unless Congress acts to stabilize the fund, its executive director said this week.

Advocate Urges Congress to Protect Pension Benefits

TDU — Tue, 01 Jun 2010 09:42:22 -0500

June 1, 2010: Retirees in multiemployer pension plans whose former companies failed shouldn't be penalized by pension reform, a pension expert said at a Senate hearing yesterday.

Will YRC Teamsters Re-Enter Pension Plans?

TDU — Sat, 29 May 2010 10:44:43 -0500

June 1, 2010: The union and YRC are in talks to let the company re-enter Teamster pension funds at greatly reduced rates.

Central States Notice and the Future of YRC Pensions

TDU — Wed, 05 May 2010 16:52:23 -0500

May 5, 2010: As required under the Pension Protection Act (PPA), Central States has mailed an Annual Notice regarding the plan’s funding status.

Baltimore Local 355 Members Organize for Pension Rights

TDU — Fri, 02 Apr 2010 15:29:56 -0500

April 9, 2010: Baltimore Teamsters have suffered some of the worst pension cuts in the country.

Pension Bills on Congress' Agenda

TDU — Fri, 02 Apr 2010 13:35:36 -0500

April 2, 2010: Pension legislation that could help Teamsters, or hurt us, has been proposed in both the House and Senate.

Take Action Today to Protect Teamster Pensions

TDU — Fri, 02 Apr 2010 13:29:26 -0500

April 2, 2010: Pension legislation that could help Teamsters, or hurt us, has been proposed in both the House and Senate.

How Will Health Care Law Impact Teamsters?

TDU — Fri, 02 Apr 2010 11:50:39 -0500

April 2, 2010: Amid all the debate on health care, many Teamsters are asking a nitty-gritty question—how will this affect my Teamster health coverage?

Sign the Teamster Pension Petition

TDU — Mon, 08 Mar 2010 12:52:08 -0600

March 8, 2010: Teamsters can take a small step to protect our pensions.

The International Union has started an online petition to build up support for legislation to strengthen multi-employer pension plans.

Will YRC Pension Contributions Resume in 2011?

TDU — Fri, 26 Feb 2010 16:35:15 -0600

February 26, 2010: YRC Teamsters—except in Chicago Local 710—have approved concessions that terminate participation in our pension plans until the end of this year, but resume on January 1.

Teamsters, YRC Team Up On Pension Legislation

TDU — Fri, 26 Feb 2010 16:20:49 -0600

February 26, 2010: The Teamsters and YRCW are working together to support proposed pension legislation that would help both the company and union pension plans.

YRC, Teamsters lobbying for pension rule changes

TDU — Wed, 17 Feb 2010 10:10:58 -0600

February 17, 2010: As part of its drastic cost cuts in 2009, YRC Worldwide reached an agreement that allowed it to suspend monthly payments into its union pension plans.

BNA Daily Labor Report: Court Says UPS Violated Plan by Cutting Retiree Benefits

TDU — Mon, 15 Feb 2010 13:03:12 -0600

February 15, 2010: United Parcel Service of America Inc.

Don't Let Congress Make Cuts to Social Security

TDU — Tue, 19 Jan 2010 16:53:13 -0600

January 19, 2010: A proposal in Congress would allow the creation of a commission that could sidestep the legislative process and make cuts to Social Security, Medicare, Medicaid, and other programs.

Confusion Under the IBT-UPS Pension Plan

TDU — Tue, 22 Dec 2009 12:21:29 -0600

December 22, 2009: UPS Teamsters in the former Central States have more questions than answers about the new UPS pension plan.

Pensions: The Next Casualty of Wall Street

TDU — Wed, 21 Oct 2009 08:17:45 -0500

October 21, 2009: Nobody wants to admit it, but the next casualty of the Wall Street meltdown will probably be your golden years.

Central Pennsylvania Fund Cuts YRCW H&W Benefits

TDU — Fri, 18 Sep 2009 13:27:53 -0500

September 18, 2009. The Central Pennsylvania Teamster Health and Welfare Fund just announced benefit cuts that apply to YRC, Holland and New Penn Teamsters, due to the lower employer payments in the YRCW concession agreement.

BNA Daily News Report: Teamster Trustees File Suit Against Investment Managers in Upstate New York Fund

TDU — Tue, 15 Sep 2009 10:14:32 -0500

September 15, 2009: The trustees of the New York State Teamsters Conference Pension and Retirement Fund filed a lawsuit Sept. 10 against Ivy Asset Management Corp.

Baltimore Fund Cuts Early Retirement

TDU — Fri, 11 Sep 2009 10:13:49 -0500

September 11, 2009: Baltimore pension trustees have made drastic cuts to early retirement benefits for freight and carhaul Teamsters.

Central States Fund Assets at $17.5 Billion

TDU — Fri, 21 Aug 2009 12:59:28 -0500

August 24, 2009: A review of the second quarter Financial and Analytical Report of the Central States Pension Fund shows that its assets are up, but that the Fund has lost 105,000 participants since Hoffa took office.

Hoffa-Keegel Threaten Pay Cuts, Layoffs

TDU — Mon, 03 Aug 2009 13:00:28 -0500

August 3, 2009: Employer demands for pay cuts and for employees to pay part of health premiums are pretty common these days, but we don’t expect them from the top officers of our union.

Hoffa-Keegel Threaten H&W, Pay Cuts

TDU — Thu, 30 Jul 2009 14:48:32 -0500

July 30, 2009: Employer demands for pay cuts and for employees to pay part of health premiums are pretty common these days, but we don’t expect them from the top officers of our union.

YRC Withdrawal Could Hurt Early Retirement

TDU — Wed, 29 Jul 2009 13:46:01 -0500

July 29, 2009: The proposed temporary withdrawal by YRC from all Teamster pension funds could have a serious impact on some Teamsters in the West.

BNA Daily Labor Report: Keegel Says Government Must Help Pensions

TDU — Fri, 24 Jul 2009 12:11:00 -0500

July 24, 2009: ANAHEIM, Calif.—Most employers' defined benefit pension plans are in trouble and need government help, C. Thomas Keegel, general secretary-treasurer of the International Brotherhood of Teamsters said July 22.

Pension Q & A Lay-offs, YRC, and Pensions

TDU — Tue, 21 Jul 2009 14:44:07 -0500

July 21, 2009: Thousands of Teamsters are laid off or working less than full time. Now some 50,000 working and laid-off Teamsters at YRC are voting on an economic relief deal that would take them out of the Teamster pension plans for the next 18 months.

KC Business Journal: YRC Talks Will Resume Wednesday

TDU — Mon, 06 Jul 2009 14:00:43 -0500

July 6, 2009: YRC Worldwide Inc. is set to resume face-to-face negotiations with its union on Wednesday as the two seek a way to help YRC maintain sufficient cash to continue operating.

BNA Daily Labor Report: Most Funds Keep 2008 Funding Status

TDU — Mon, 06 Jul 2009 11:05:01 -0500

July 6, 2009: More than two-thirds (68 percent) of calendar year multiemployer plans with funding problems severe enough to warrant their being in critical status—

YRC Bargaining to Resume Wednesday

TDU — Thu, 02 Jul 2009 17:17:49 -0500

July 6, 2009: The IBT and YRC will continue talks on Wednesday, July 8, when they consider a proposal to temporarily terminate YRC participation in Teamster pension plans for about 14 months.

YRC: Bargain to Protect Jobs

TDU — Mon, 22 Jun 2009 15:15:58 -0500

June 22, 2009: The International Union is in talks with YRC with a proposal to defer employer pension contributions for 14 months. The aim is to help restore the company’s profitability.

Teamsters proposal would give YRC more operating cash

TDU — Mon, 22 Jun 2009 14:33:29 -0500

June 22, 2009: YRC Worldwide Inc. may get more leeway from its major union, which would provide more operating cash.

Can Freight Teamsters Be a Force for Change?

TDU — Fri, 19 Jun 2009 15:16:56 -0500

June 19, 2009: Hundreds of freight Teamsters have contacted TDU during the YRC concession crisis.

IBT Proposes 14-month Pension Deal for YRC

TDU — Thu, 18 Jun 2009 13:02:13 -0500

June 18, 2009. The International Union is proposing that the national contract with YRC be amended to defer pension contributions for some 14 months, which would allow nearly $500 million in savings to the carrier.

YRC has pension fund deal, new credit amendment

TDU — Thu, 18 Jun 2009 09:47:36 -0500

June 18, 2009: CEO Zollars said of the U.S. economy that "it looks like things have stabilized," but added that a return to growth was not likely this year.

Hoffa Calls National Meetings on YRC Concessions

TDU — Fri, 12 Jun 2009 13:43:02 -0500

June 12, 2009: The International Union has called national meetings for June 17-18 to discuss further concessions to YRC.

Hoffa Talks More Concessions

TDU — Fri, 05 Jun 2009 17:06:22 -0500

June 8, 2009: YRC has been terminated from participation in the Teamster pension fund in the West, effective June 10. At the same time, the Hoffa administration is planning to re-open the national contract.

YRCW Pension Deal Still in the Wind

TDU — Fri, 22 May 2009 15:59:40 -0500

May 22, 2009: YRCW plans to put up real estate instead of pension contributions.

There’s no deal yet.

Temporary Help for Pension Funds

TDU — Fri, 22 May 2009 15:57:19 -0500

May 22, 2009: Most members covered by Teamster pension plans recently received an Annual Funding Notice in the mail, and some of those letters have been pretty scary.

YRCW Pensions Frozen in Central Pennsylvania

TDU — Fri, 22 May 2009 15:49:29 -0500

May 22, 2009: “This [real estate in lieu of pension payments] approach would have no effect on pension benefits for employees.”
— Bill Zollars, April 14, 2009

Harrisburg Local 776: Enforce YRC Contract and Protect Pensions

TDU — Fri, 22 May 2009 10:28:10 -0500

May 22, 2009: Harrisburg Local 776 has called for the International Union to enforce the national freight contract regarding pensions for YRC Teamsters.

Central Pennsylvania Freezes YRC Teamsters’ Pensions

TDU — Mon, 18 May 2009 11:46:13 -0500

May 18, 2009: The Central Pennsylvania Teamsters Pension Fund has frozen new pension accruals for YRCW participants from June 1 until the end of 2009.

YRC to Apply for Federal Bailout

TDU — Fri, 15 May 2009 10:15:09 -0500

May 15, 2009: YRC announced they will apply for federal bailout money, possibly as soon as today, citing their pension costs as a factor.

Baltimore Fund Drops $100 Million

TDU — Wed, 06 May 2009 16:14:53 -0500

May 6, 2009: In 2008, the Baltimore Local 355 Pension Fund dropped over $100 million—but a new law will let the fund stay in the Green Zone for one more year.

Central States Fund Sets Up YRC Review Committee

TDU — Thu, 30 Apr 2009 18:06:53 -0500

April 30, 2009: The Central States Pension Fund has convened a “Pension Fund Review Committee” to analyze information and to advise funds regarding YRC’s proposal to put up real estate as collateral while deferring payment of pension moneys to the funds until 2010.

YRC’s Pension Deal Moves Along

TDU — Wed, 22 Apr 2009 18:20:46 -0500

April 22, 2009: YRC’s plan to defer making contractually-required payments on behalf of their employees to Teamster pension funds is moving forward.

YRC: Banks Agree to Pension Deferral

TDU — Mon, 20 Apr 2009 14:55:56 -0500

April 20, 2009. YRC today announced that its major banks, including J. P. Morgan, agreed to allow the company to use real estate as collateral and defer making payments to Teamster pension funds.

Update: YRCW Backs Off Pension Claim

TDU — Mon, 13 Apr 2009 12:15:44 -0500

April 15, 2009: YRCW has issued a corrected memo backing off their claim that our union has agreed to a plan that would use real estate as collateral to Teamster pension funds to defer making pension contributions.

Teamsters at UPS Freight Don’t Get Credit

TDU — Fri, 10 Apr 2009 17:17:06 -0500

April 10, 2009: As the one Teamster carrier that has done some hiring, UPS Freight has attracted some experienced Teamster drivers.

YRC Wants to Defer Pension Payments

TDU — Fri, 10 Apr 2009 17:15:54 -0500

April 10, 2009: YRCW has contacted some Teamster pension funds asking to defer for several months the company’s payment of pension contributions for Teamsters.

Why All UPS Teamsters Should Care About The Central States Pension Fund

TDU — Fri, 10 Apr 2009 16:19:12 -0500

May 1, 2009: If you are a UPS Teamster in the West or the East, then the problems in the Central States Pension Fund won’t affect you, right? Wrong.

Local 804 Health Fund Losses Hit $20 Million

TDU — Fri, 10 Apr 2009 15:11:25 -0500

April 10, 2009: The Local 804 Health Fund has lost another $1.9 million in assets, according to documents obtained by 804 Members United.

Victory: Chicago UPSers Stop Retiree Healthcare Hike

TDU — Fri, 10 Apr 2009 12:15:13 -0500

April 10, 2009: On April 9, a federal judge ordered UPS to reverse increases in retirees' healthcare payments in Chicago.

Central States Financial Report: Relief Sought, More Members Needed

TDU — Tue, 31 Mar 2009 09:31:39 -0500

March 31, 2009: The 2008 Financial and Analytical Report on the Central States Pension Fund is finally out, and it’s not pretty.

Central States H&W Changes Retiree Contribution Rates

TDU — Mon, 02 Mar 2009 10:31:33 -0600

The Central States Health and Welfare Fund has increased the cost for Teamsters who retire under age 60, and decreased it for those who retire after age 60.

Judge Orders Hearing for Local 705 Retirees

TDU — Fri, 13 Feb 2009 14:01:36 -0600

February 13, 2009: Last month UPS dramatically raised the cost of retiree healthcare. Now UPS will have to explain their actions before a judge.

Chicago Teamsters Fight for Retirees

TDU — Fri, 30 Jan 2009 17:06:01 -0600

January 30, 2009: Chicago Local 705 UPS retirees are mad as hell, and they’re doing something about it.

Questions and Answers about the New Pension Relief Law

TDU — Tue, 06 Jan 2009 14:50:32 -0600

January 6, 2009: In December, Congress passed a new law to help multi-employer pension plans ride out the financial crisis.

Central States Fund Down $9.8 Billion

TDU — Thu, 11 Dec 2008 17:04:50 -0600

December 11, 2008: The Central States Pension Fund has lost $9.8 billion in assets during 2008, according to a report from CSPF Director Thomas Nyhan.

Memorandum from Thomas Nyhan on the Status of Central States

TDU — Thu, 11 Dec 2008 16:39:26 -0600

TDU has obtained the text of a memo from Thomas Nyhan about the effects of the fall in the financial markets and the status of the Central States pension fund.

The Hidden Pension Threat

TDU — Thu, 04 Dec 2008 17:36:03 -0600

December 4, 2008: John Moore is fighting to keep his company afloat.

Central States Fund Takes $2.6 Billion Loss

TDU — Wed, 19 Nov 2008 12:52:45 -0600

November 19, 2008: The Central States Pension Fund suffered a loss of $2.6 billion in assets during the third quarter of 2008, according to fund documents obtained by TDU.

Western Conference: The Return of Pension Cuts

TDU — Fri, 14 Nov 2008 13:21:01 -0600

November 14, 2008: The Western Conference of Teamsters Pension Fund has cut the pension accrual rate, effective Jan. 1, 2009, to 1.2 percent of employer contributions.

Wall Street Journal: Financial Crisis Highlights Shortcomings of 401(k) Plans

TDU — Mon, 03 Nov 2008 15:10:43 -0600

November 3, 2008: The market turmoil of recent weeks has been brutal to 401(k)s.

The Pension Threat

TDU — Fri, 03 Oct 2008 16:13:39 -0500

October 3, 2008: Fred Zuckerman and the Carhaul Division are up to their tricks again, as they try to threaten Teamster members to vote Yes on the second offer.

BNA Daily Labor Report: Local 200 Teamsters Approve Agreement

TDU — Wed, 01 Oct 2008 09:27:30 -0500

October 1, 2008: Ending a strike that began Aug. 26, members of International Brotherhood of Teamsters Local 200 at Waste Management Inc. in the Milwaukee area Sept.

Milwaukee Journal Sentinel: Waste Management Leaves Central States

TDU — Mon, 29 Sep 2008 09:13:17 -0500

September 29, 2008: Striking Teamsters voted Sunday to accept a new labor agreement and return to work as soon as Wednesday.

Unions Seek Pension Protections in Bailout

TDU — Fri, 26 Sep 2008 14:12:13 -0500

September 26, 2008: As Congress makes plans to bail out the financial crisis on Wall Street, our union is asking for help for our pension funds.

Milwaukee Journal Sentinel: Waste Management Brings in Permanent Replacements

TDU — Mon, 22 Sep 2008 09:45:50 -0500

September 22, 2008: For the second time in three days, members of striking Teamsters Local 200 rejected a contract offer from Waste Management.

Milwaukee Teamsters Vote Down Pension Grab

TDU — Fri, 19 Sep 2008 15:39:02 -0500

September 19, 2008: Striking Milwaukee Teamsters today unanimously rejected Waste Management’s proposal to replace their pension plan with a 401(k).

Waste Management Tries to Bust Union Pension Fund

TDU — Fri, 19 Sep 2008 10:06:05 -0500

September 19, 2008: As we go to press in mid-September, over 200 Teamsters in Milwaukee are in their fourth week of a strike at Waste Management.

Conway Won’t Pay $319 Million Pension Liability

TDU — Fri, 19 Sep 2008 10:04:36 -0500

September 19, 2008: When Consolidated Freightways closed its doors in 2002, the company owed over $400 million in withdrawal liability to Teamster pension funds.

No Reciprocity With New UPS Pension Fund

TDU — Fri, 19 Sep 2008 10:03:06 -0500

September 19, 2008: The new UPS Pension Fund covering 44,000 Teamsters in the Central States not only offers the lowest benefits; it also has no reciprocal agreements with Teamster pension plans ar

Central States Pension Fund Loses $3 Billion

TDU — Fri, 19 Sep 2008 10:01:43 -0500

September 19, 2008: The Central States Pension Fund lost $3.1 billion during the first six months of this year, which is half as much as the $6.1 billion that the fund received in December from UPS

Milwaukee Journal Sentinel: Teamsters Chilly Toward 401(k) Plan

TDU — Fri, 12 Sep 2008 09:41:49 -0500

September 12, 2008: The leaders of Teamsters Local 200 said Thursday that they have made no decision yet on whether to take Waste Management Inc.’s “last, best and final offer” to union membe

The Future of Teamster Pensions

TDU — Fri, 05 Sep 2008 15:50:46 -0500

September 5, 2008: Teamster pensions are under attack. But members are coming together to protect their retirement.

Milwaukee Waste Strikers Solid on Picket Line

TDU — Tue, 02 Sep 2008 16:26:28 -0500

September 2, 2008: Over 200 Teamster strikers in Milwaukee are solid in their commitment to protect their pensions and standard of living, as Waste Management tries to attack both.

Who Can Baltimore Teamsters Trust?

TDU — Fri, 29 Aug 2008 14:57:08 -0500

August 29, 2008: Last October, Local 355 President Denis Taylor told Baltimore UPSers he was “taking care” of their pension problems.

Milwaukee Teamsters Strike Waste Management

TDU — Fri, 29 Aug 2008 12:15:00 -0500

August 29, 2008: Some 240 Teamsters went on strike on August 26 against Waste Management in the Milwaukee area.

Executives Reap the Benefits of Pension Scam

TDU — Tue, 26 Aug 2008 15:26:58 -0500

August 26, 2008: Some corporate executives are paying for their lavish benefits with money from their employees' pension funds.

Central States Pension Fund Loses $3 Billion

TDU — Thu, 21 Aug 2008 16:22:11 -0500

August 21, 2008: The Central States Pension Fund lost $3.1 billion in assets during the first six months of this year—half the $6.1 billion UPS paid to leave the fund in December.

No Reciprocity With New UPS Pension Fund

TDU — Tue, 19 Aug 2008 16:12:39 -0500

August 19, 2008: The new UPS Pension Fund covering 44,000 Teamsters in the Central States not only offers the lowest benefits.

Is Baltimore Pension Fund Driving Blind?

TDU — Fri, 01 Aug 2008 12:19:10 -0500

August 6, 2008: Ever since the Baltimore Local 355 fund cut the pension accrual rate to zero, members have been asking why the cuts happened, and what the local is doing to restore the cuts.

A Strong Network: How We Won Good Pensions

TDU — Fri, 01 Aug 2008 11:13:40 -0500

August 11, 2008: In the ‘90s, TDU built a nationwide movement to get pension improvements.

Local 355 Fund Refuses to Answer Questions

TDU — Wed, 16 Jul 2008 17:05:45 -0500

July 16, 2008: Ever since the Baltimore Local 355 fund cut the pension accrual rate was cut to zero, members have been asking for answers.

Local 804 Members Threaten Lawsuit: Pension Fund Refuses to Turn Over Info

TDU — Fri, 20 Jun 2008 11:27:29 -0500

June 20, 2008: A pension attorney representing Local 804 members has warned trustees at the Local 804 Pension Fund that they are in violation of federal law for refusing to comply with members’ r

Baltimore Members Meet to Get Pension Facts

TDU — Sat, 14 Jun 2008 09:06:35 -0500

June 14, 2008: Local 355 Teamsters came from UPS, U.S. Foods, Sysco, Giant, and DHL on Sunday, June 8 to discuss the pension freeze in the Local 355 fund.

Central States Cuts in Place Until 2028?

TDU — Fri, 16 May 2008 16:50:56 -0500

May 16, 2008: The Central States Pension Fund plans to extend the 2002 pension cuts until approximately 2028, according to plan documents obtained by Teamsters for a Democratic Union (TDU).

Petition Drive, Pension Movement Grow in Baltimore

TDU — Thu, 01 May 2008 11:16:08 -0500

May 1, 2008: Two months after their fund froze working members’ pension accrual, the movement to protect Teamster pensions is growing in Baltimore Local 355.

Uniting Teamsters to Strengthen Our Pensions

TDU — Thu, 17 Apr 2008 15:43:21 -0500

April 17, 2008: Teamsters for a Democratic Union is a movement of Teamsters who want to make our union stronger and more accountable to working and retired Teamsters.

Local 355 Members Get Answers on Pension Questions

TDU — Wed, 09 Apr 2008 15:42:00 -0500

April 9, 2008: After two months of demanding more information about the pension cuts in Local 355, members are finally getting some answers.

Hoffa Lies Again About ‘No Pension Cuts’

TDU — Thu, 27 Mar 2008 11:59:24 -0500

March 27, 2008: How many times have officials in the Hoffa administration sold a contract by promising—in writing—that Teamster pensions will be “maintained and possibly improved,” only to

Central States Fund in the Red Zone

TDU — Thu, 27 Mar 2008 11:50:30 -0500

April 18, 2008: “‘Red Zone’—Why it is better than the ‘Yellow Zone’”: That’s the surprising headline that appeared in a newsletter issued by the Central States Fund in March.

Local 804 Teamsters Prepare for Bylaws Vote on Contracts and Pensions

TDU — Thu, 27 Mar 2008 11:36:43 -0500

March 27, 2008: Teamsters in New York Local 804 will vote this month on bylaws changes that will put more pension and contract information in the hands of the membership.

Local 355 Pension Cuts Accrual to Zero

TDU — Fri, 14 Mar 2008 16:22:44 -0500

March 14, 2008: Trustees in the Maryland Local 355 Pension Fund have cut the fund’s annual accrual rate down to zero.

UPS Posts Quarterly Loss—But Don’t Cry for the Company Just Yet

TDU — Wed, 30 Jan 2008 16:19:43 -0600

January 30, 2008: UPS reported a quarterly loss on Wednesday due to its $6.1 billion one-time payment to the Central States Pension fund.

Teamsters Have New Rights to Pension Info

TDU — Tue, 22 Jan 2008 09:09:56 -0600

January 22, 2008: As of January 1, Teamsters in pension plans have new, expanded rights to obtain information from their pension fund.

Pensions: Why Is Your Accrual Rate Important?

TDU — Thu, 10 Jan 2008 14:33:37 -0600

January 10, 2008: Many Teamster pension funds have shifted their benefit structure to one based on an annual accrual, or multiplier.

YRC Gains Labor Flexibility as ABF Threatens Pension Pullout

TDU — Wed, 26 Dec 2007 15:28:48 -0600

December 26, 2007: The trucking industry association is bragging about new concessions in the tentative deal at Yellow/Roadway.

Potential Pension Threat in the Future

TDU — Wed, 05 Dec 2007 12:25:07 -0600

December 5, 2007: The removal of 44,000 UPS full-time Teamsters from Central States opens the door to lower pensions for all Teamsters down the road—not just in the Central States.

Q&A: Pension Protection Act Takes Effect

TDU — Wed, 05 Dec 2007 12:21:17 -0600

December 5, 2007: This is the second part of our series on the impact of the Pension Protection Act (PPA), which takes effect on January 1, 2008.

Western Conference Pensions Rise

TDU — Wed, 05 Dec 2007 11:34:58 -0600

December 5, 2007: The Western Conference of Teamsters Pension Fund, which covers most Teamsters in the Western Region, is ending cuts in pension accruals that were imposed in July 2003.

Pension Rights Center Honors TDU Activist

store — Thu, 25 Oct 2007 14:19:47 -0500

October 25, 2007: The Pension Rights Center is honoring Frank Bryant for his efforts to fight anti-worker pension legislation and stop UPS's Central States pension grab.

Freight Division: Different Strategy from UPS Talks

store — Wed, 17 Oct 2007 15:23:01 -0500

October 17, 2007: The Freight Division is taking two very different strategies from others in the Hoffa administration.

Central States Pull-Out: The Proposed New UPS Pension Plan

store — Wed, 17 Oct 2007 14:55:59 -0500

October 17, 2007: The proposed tentative agreement would pull 44,000 full-timers out of the Central States Pension Plan and put them into a new UPS Plan.

The Future Under a UPS Plan: A Smaller Pension

store — Wed, 17 Oct 2007 14:52:36 -0500

October 17, 2007: Management and some union officials are selling the UPS Pension Plan in the Central States areas on the basis that it offers unreduced 25- and 30-and-out benefits of $2,000 and $3

The Facts About the Pension Protection Act

store — Wed, 17 Oct 2007 14:38:14 -0500

October 17, 2007: Rumors are flying about the Pension Protection Act, the pension legislation that starts to take effect on Jan. 1.

Download the Bulletin: UPS Pension Rumors, Pension Threats

TDU — Tue, 09 Oct 2007 17:25:07 -0500

UPS and some Teamster officials are spreading rumors about new pension legislation and our contract. Get the bulletin at MakeUPSDeliver.org.

BNA Daily Labor Report: UPS Tries to Shortchange New Jersey Health and Welfare Fund

TDU — Fri, 05 Oct 2007 11:13:44 -0500

October 5, 2007: From the BNA Daily Labor Report: Officers and members of a local Teamsters union must arbitrate with United Parcel Service of America Inc.

Bloomberg: Teamsters Ink Deal with UPS

TDU — Mon, 01 Oct 2007 09:27:11 -0500

October 1, 2007: United Parcel Service Inc.'s five-year tentative contract agreement with the Teamsters will allow it to pay $6.1 billion to gain greater control of some pensions and will provi

Wall Street Journal: UPS, Teamsters Near Pension Deal

TDU — Sat, 29 Sep 2007 16:22:42 -0500

September 29, 2007: United Parcel Service Inc. and the Teamsters union are closing in on a labor agreement that would restructure and possibly lower the company's pension obligations.

Hoffa Announces Central States Deal

TDU — Fri, 31 Aug 2007 15:38:08 -0500

August 31, 2007: Chief negotiators James Hoffa and Ken Hall announced today they will let UPS break out of the Central States Pension Fund in an early deal to be inked by October.

Hoffa Announces He Will Cut Central States Deal

TDU — Fri, 31 Aug 2007 15:05:19 -0500

Hoffa Announces He Will Cut Central States Deal

Will the Real Teamster Leaders Please Stand Up?

TDU — Thu, 23 Aug 2007 12:27:28 -0500

August 23, 2007: “It is the Teamsters’ pension—and particularly the multi-employer plan—that gives the union much of its draw and power, industry observers say.” —Traffic World Magaz

Rising Employer Contributions Mean Higher Pension

TDU — Thu, 23 Aug 2007 12:20:32 -0500

August 23, 2007: If UPS or ABF or any other corporation says they will do better than a $3,000 pension at 30 years, keep in mind that with the increased funding, that’s not hard to do.

On Pension Fund Split: Your Voice is Your Vote

store — Thu, 23 Aug 2007 11:38:24 -0500

August 23, 2007: Sometimes, your vote is your voice. But on the issue of splitting UPS from the Central States Pension Fund, you won’t get a vote, unless you work at UPS.

UPS Split From Central States Would Weaken Union, Experts Say

TDU — Mon, 20 Aug 2007 17:27:47 -0500

August 20, 2007: Industry experts say that pension assets are up, but our union’s power will be down if UPS is allowed to break out of Central States.

Central States Pension Assets Up $700 Million

TDU — Mon, 13 Aug 2007 11:18:39 -0500

August 13, 2007: The assets of the Central States Pension Fund have jumped $700 million in the first six months of this year, reaching $21.4 billion, and could reach $22 billion by the end of 2007.

Traffic World: UPS, Pension Fund Set Withdrawal Terms

TDU — Fri, 03 Aug 2007 11:42:24 -0500

August 3, 2007: by Thomas L.

Would $4 Billion from UPS Fix Central States?

TDU — Wed, 18 Jul 2007 17:41:09 -0500

July 18, 2007: Some defenders of management’s pension proposal claim that a $4 billion withdrawal liability payment from UPS would fix Central States and safeguard members’ benefits.

Pension Rights Center: Pension Bill Introduced in Senate

TDU — Fri, 29 Jun 2007 16:57:07 -0500

June 28, 2007: At a press conference today, Senator Tom Harkin (D-Iowa) introduced the Restoring Pension Promises to Workers Act of 2007, which contains a number of provisions “to help ensure Ame

Pensions Dominate Teamsters’ Talks with UPS, Freight Carriers

TDU — Mon, 25 Jun 2007 09:51:13 -0500

June 26, 2007: Logistics Management says there is good news for shippers in our union's current round of bargaining with UPS, and in the upcoming NMFA negotiations.

Traffic World: Playing the Freight Card

TDU — Mon, 18 Jun 2007 17:24:23 -0500

June 18, 2007: By John Gallagher, for Traffic World - Pension benefits are in play as never before in the current round of negotiations between UPS and the International Brotherhood of Teamsters,

On Pension, UPS’s Actions Speak Louder Than Words

TDU — Fri, 08 Jun 2007 13:54:55 -0500

June 8, 2007: UPS management has been trying to win control over our pensions for years.

Pension Hike or Pension Freeze in NY and NJ?

TDU — Fri, 08 Jun 2007 13:46:29 -0500

June 8, 2007: As negotiators for UPS and our union square off over the pension issue, members in the Eastern Region’s two largest UPS locals want to know whether early bargaining will deliver a r

Western Fund: Restore the Cuts

TDU — Fri, 08 Jun 2007 13:42:15 -0500

“That fund is not 100 percent funded. When that fund gets to 100 percent based on their rules, they’ll do the right thing.”

Freight Bulletin: Say NO to Pension Grabs by UPS, ABF

TDU — Fri, 25 May 2007 17:26:16 -0500

UPS has put an offer on the bargaining table to take 42,000 UPS Teamsters out of the Central States Fund. The CEO of ABF just announced he wants to pull out of all Teamster benefit plans.

Ken Hall Video: Don’t Mess With Our Members’ Pensions

TDU — Wed, 16 May 2007 11:55:12 -0500

May 16, 2007: Jim Hoffa and Ken Hall promised that early negotiations would send a message to every Teamster employer not to mess with our pension funds.

ABF CEO Calls for Quitting Teamster Pension Plans

TDU — Mon, 14 May 2007 12:36:18 -0500

May 11, 2007: “We believe there is an opportunity in this negotiating cycle to withdraw from some or all of these [Teamster pension plans] and provide benefits directly

Traffic World: ABF Wants Out of Pension Funds

TDU — Fri, 11 May 2007 16:12:31 -0500

May 11, 2007: by John Gallagher in Traffic World Online --Arkansas Best Corp.

Central States: Restoring Early Retirement

TDU — Thu, 10 May 2007 13:20:21 -0500

May 9, 2007: Teamsters in the Central States were told that the 2002 “Best Contract Ever” would protect our benefits for the life of the contract.

Three Demands That Can Help Defeat the Cuts

TDU — Tue, 03 Apr 2007 18:42:15 -0500

April 2, 2007: UPS’s $4 billion profits and new pension fund rules mean the company will pay record contributions toward our benefits in the 2008 contract.

Money There to Restore Our Pensions in the West

TDU — Tue, 03 Apr 2007 18:38:30 -0500

April 2, 2007: Assets at the Western Conference of Teamsters (WCT) Pension Trust now top $29 billion and the trust is 100 percent fully funded.

Connecticut Teamsters Organize for Healthcare Reform

TDU — Tue, 03 Apr 2007 15:00:50 -0500

April 2, 2007: Healthcare costs are skyrocketing, putting union members on the defensive at the bargaining table.

Arming Teamsters with Information to Fight for Our Pensions

TDU — Tue, 03 Apr 2007 14:48:42 -0500

April 2, 2007: The 2008 UPS and Freight contracts are our chance to win the contributions we need to protect and increase our benefits.

Funds Have Told Hoffa What We Need to Win in Bargaining to Increase Benefits

TDU — Tue, 03 Apr 2007 11:34:23 -0500

April 2, 2007: President James Hoffa has been briefed by the different Teamster benefit funds on what we need to win in the UPS and freight contracts to increase our benefits.

Re-employment Rules Still Unfair

TDU — Tue, 27 Feb 2007 09:47:13 -0600

February 27, 2007: While most Teamster pension plans have some type of “re-employment rule” that prohibits retirees from drawing a pension while performing certain work, the biggest problems wi

Central States Puts Stock in Wal-Mart

TDU — Sun, 25 Feb 2007 15:53:48 -0600

February 27, 2007: The Central States Pension Fund has invested $54 million in Wal-Mart, a notorious union-buster.

Bargaining Stronger Benefits

TDU — Mon, 29 Jan 2007 14:15:05 -0600

January 26, 2007: These contract improvements would restore and strengthen our pensions:

UPS Plan Would Weaken Our Pensions

TDU — Sun, 28 Jan 2007 14:22:36 -0600

January 26, 2007: First UPS demanded benefit cuts in out major Teamster pension plans.Now, management is trying to convince us that they have the solution to our pension problems.With our pension a

In West Pension Multiplier Goes Up, But 38% Pension Cut Remains

TDU — Sat, 30 Dec 2006 13:29:13 -0600

December 5, 2006: When is an increase actually a cut? Teamsters in the Western Conference Fund are finding out the hard way.

TDU Will Continue to Oppose Benefit Cuts and Fight to Strengthen Teamster Benefits

TDU — Wed, 06 Dec 2006 13:14:55 -0600

December 5, 2006: While Hoffa can boast of a 65 percent winning margin overall in the IBT election, he would be well advised to look at the big groups of Teamsters who voted for a change of directi

Member Action Wins Greater Accountability From Central PA Fund

jen — Wed, 18 Oct 2006 16:55:43 -0500

October 18, 2006: For years the Central Pennsylvania Teamsters Fund was plagued with questionable administration and benefits inferior to many other Teamster Funds.

The Pension Protection Act: The Good, the Bad and the Ugly

admin — Wed, 18 Oct 2006 13:40:13 -0500

October 18, 2006: The misnamed “Pension Protection Act” of 2006 will go into effect in 2008. Here we provide a summary of some of its impact on Teamsters.

Road Ahead for Pension Justice

jen — Wed, 18 Oct 2006 13:09:58 -0500

October 18, 2006: It’s up to Teamster members to lead the fight for pension justice.

UPS Management Wins On Pension Bill

admin — Fri, 18 Aug 2006 15:00:26 -0500

UPS won critical new leverage in their campaign to take over our pension funds when the House and Senate passed the misnamed Pension Protection Act.

Coming Soon: After Election Central States Cuts to H & W

jen — Mon, 17 Jul 2006 17:11:18 -0500

July 17, 2006: The big health care cuts that the Hoffa administration just slapped on Michigan freight Teamsters will spread to freight, UPS and carhaul Teamsters throughout the Central and Souther

Red Zone Delegation Report Back

jen — Mon, 17 Jul 2006 17:09:35 -0500

July 17, 2006: In May, a delegation of Teamster local officers and members, some of them pictured above, converged on Washington to meet with Congressional reps about dangers for Teamsters in pendi

Michigan Freight Teamsters’ Health Benefits Slashed

jen — Mon, 17 Jul 2006 17:08:24 -0500

July 17, 2006: Effective August 1, all Michigan cartage Teamsters covered by the NMFA will have major cuts in medical coverage, as a result of moneys diverted from their fund to the Central S

Teamsters in West Measure Pension Cuts

admin — Tue, 06 Jun 2006 11:05:54 -0500

June 6, 2005: Teamsters covered under the Western Conference of Teamsters Pension Trust received a statement in May detailing how much benefit they earned in 2004.

Contact Senators Kennedy and Enzi Today!

admin — Sun, 16 Apr 2006 13:29:50 -0500

March 16, 2006: The key senators to contact about the dangerous Red Zone Amendment are the ranking members of the Senate Health Education Labor and Pensions Committee, Edward Kennedy (D-MA) and Mike E

Senate Considering Bill With a Dangerous Provision

admin — Mon, 10 Apr 2006 13:27:44 -0500

Teamster members are taking action now to protect our pensions from dangerous proposed legislation that makes it easier for multi-employer plans to cut retirement benefits.

Is ‘Full Funding’ the Answer?

admin — Fri, 07 Apr 2006 16:54:11 -0500

The Western Conference Pension Fund has announced a big cut in pension accruals, effective July 1.

Pension Movement Wins on UPS Reciprocity

admin — Fri, 07 Apr 2006 16:14:41 -0500

The pension justice movement has won an important victory for UPS Teamsters in the Central States Pension Fund.

Court Rules Against Retiree Rights

admin — Fri, 07 Apr 2006 15:26:40 -0500

September 15, 2005: The federal Court of Appeals in Chicago ruled on Sept. 8 against Teamster retirees who were fighting to broaden their right to work to supplement their Central States pension.

Pension Cuts Take A Human Toll

admin — Wed, 15 Mar 2006 15:32:33 -0600

March 16, 2006: When the Central States Pension Fund trustees, led by chairman Fred Gegare, made drastic cuts two years ago, Teamsters knew their futures were not as secure as they once assumed.

Central States Funds Change Benefits

admin — Tue, 06 Dec 2005 14:15:38 -0600

December 6, 2005: Teamster and employer trustees of the Central States Funds agreed to changes in benefits to keep the overburdened multi-employer pension fund from collapsing, a Teamsters faction rep

Hoffa Adopts TDU Position on Pension Law

admin — Mon, 05 Dec 2005 12:18:22 -0600

December 5, 2005: For nearly a year, the Hoffa administration has been lobbying for legislation that would allow Teamster benefit plans to cut members’ previously guaranteed pension benef

IBT Needs Plan for Countering Employer Attacks on Benefits

admin — Mon, 05 Dec 2005 12:05:00 -0600

December 5, 2005: Employers across North America are attacking the pension and medical benefits of working Americans.

Central States Fund Trustees Keep Pension and Health Care Cuts In Place

admin — Mon, 05 Dec 2005 10:07:33 -0600

December 5, 2005: Hoffa’s PR Man dismisses the impact of the trustees’ actions: “Leebove said the changes at Central States and other pension funds should not be looked at as benefit cuts, since

Battle Against Cut-Back Provision Will Move Into 2006

admin — Mon, 05 Dec 2005 09:54:45 -0600

December 5, 2005: In November, the Senate passed a version of pension reform that did not include provisions for cutting accrued benefits.

Central States Cuts Locked in Place for Year

admin — Thu, 01 Dec 2005 14:12:42 -0600

December 1, 2005: The Union Trustees of the Central States Pension Fund have announced an agreement with employers and the IRS that will lock the 2003 pension cuts in place for years to come.

Teamster Leader Beats Employer Move to Slash Pensions

admin — Tue, 01 Nov 2005 11:54:31 -0600

November 1, 2005:When employer and union trustees colluded to cut their pensions, Teamster members in New York Local 805 fought back.

Pension Legislation on Senate Rollercoaster

admin — Tue, 18 Oct 2005 15:17:24 -0500

October 18, 2005: Pension reform legislation was approved by the Senate Health, Education, Labor and Pensions (HELP) Committee in early September and appeared to be on a fast track.

Member Action on Pension Pays Off

admin — Thu, 15 Sep 2005 15:23:53 -0500

September 15, 2005: Fighting pension cuts can make a difference.

Pension Movement Fights on New Fronts

admin — Thu, 15 Sep 2005 15:20:00 -0500

September 15, 2005: The fight for pension justice has focused on the U.S.

Pension Reform Debate Leaves Out Families, Future of Pension System

admin — Sun, 28 Aug 2005 13:25:37 -0500

August 28, 2005: The current debate in Congress over pension “reform” tends to leave out the most important issues: protection of pension benefits for families, and protection of our pension syste

Uproar Wins Changes to Pension Cuts in New England

admin — Thu, 25 Aug 2005 15:30:21 -0500

August 28, 2005: The recently announced pension cuts in New England went over like a Yankees victory in Fenway Park.

CSPIC Members Lobby Congress About Pension Bill

admin — Thu, 25 Aug 2005 15:28:16 -0500

August 28, 2005: TDU member Frank Bryant wrote to tell us, “As you advised in your article ‘Taking Action to Protect Your Pension’ in the July/August issue of Convoy Dispatch, a group of my Rank

Pension Cuts Hit New England

admin — Wed, 27 Jul 2005 13:21:58 -0500

July 27, 2005: The Union Trustees on the New England Teamsters Pension Fund have agreed to new pension restrictions—including eliminating 25-and-out and 30-and-out pensions before age 57.

New England Teamsters Hit with Pension Cuts

admin — Wed, 27 Jul 2005 13:06:41 -0500

July 27, 2005: Teamsters in New England reacted angrily when the New England Pension Fund announced new benefit restrictions—including eliminating 25-and-out and 30-and-out pensions before age 57.

Hoffa Pushes Pension Bill That Could Cut Your Benefits

admin — Wed, 27 Jul 2005 12:57:34 -0500

July 27, 2005: On June 29, a congressional committee passed a pension bill that would endanger Teamster pensions by making it easier for multi-employer plans to cut retirement benefits.

Teamster Pension Funds Could Be Strengthened

admin — Sun, 05 Jun 2005 11:23:03 -0500

June 6, 2005:It's no secret that United Parcel Service wants to pull all their employees out of Teamster pension funds.

Central States Spin

admin — Wed, 04 May 2005 16:08:51 -0500

May 4, 2005: Members of Local 407 received the letter below from their local. It’s a short summary of information provided to the local by the Central States Pension Fund.

New England Fund Reverses Some Cuts

admin — Fri, 29 Apr 2005 13:23:25 -0500

April 29, 2005: The recently announced pension cuts in New England went over like a Yankees victory in Fenway Park.

Official Testifies that IBT Approved Mid-Contract Concession in New England

admin — Thu, 17 Feb 2005 15:05:34 -0600

February 17, 2005: Boston Local 25 President Ritchie Reardon told Joint Council 10 that the IBT Parcel Division approved a mid-contract giveback to UPS that violates language in the New England sup

Federal Judge to Central States Trustees: Open More Info to Members!

admin — Fri, 28 Jan 2005 15:18:22 -0600

January 28, 2005: On December 9 Judge James B Moran directed the trustees of the Teamster Central States Pension Fund to turn more documents over to participants in th

Teamsters Find Pensions at Risk

admin — Mon, 15 Nov 2004 15:27:33 -0600

November 15, 2004: In the 1960's and 1970's, the Teamsters' huge Central States pension fund was a wellspring of union corruption.

Teamster Trustees Avert Pension Cuts...For Officers!

TDU — Sat, 06 Nov 2004 18:00:00 -0600

November 4, 2004: Teamster members have been pushing for trustees to protect pension benefits, and to win higher employer contributions to make up for the stock market downfall following September

Teamster Pension Benefits Cut in West

admin — Fri, 28 Feb 2003 15:56:37 -0600

February 28, 2003: “I’m planning to retire in three years.

How to Calculate Your Pension

admin — Thu, 27 Feb 2003 15:58:12 -0600

February 27,2003: In the Western Conference Pension Plan, each year you work, and your employer makes contributions to the plan, your pension benefit grows.

Shake-Up at Central States: Executive Director Replaced, What's Next?

admin — Tue, 05 Nov 2002 15:52:29 -0600

November 5, 2002: The Central States Pension Fund, in a bulletin to all local unions dated November 2002, has finally made a comment on the sudden remo

Central PA Pension Reformers Continue Struggle

admin — Mon, 15 Jul 2002 17:00:18 -0500

July 15, 2002: The pressure is on!

Teamster Pensions: What You Need To Know

admin — Mon, 15 Jul 2002 11:25:52 -0500

July 15, 2002: Many Teamsters rely on their pension benefits to provide for a secure retire

Central PA Pension Fight Continues

admin — Tue, 30 Apr 2002 16:59:12 -0500

April 30, 2002: The latest wrinkle in the fight to salvage decent pensions from the troubled Central Pennsylvania Pension Fund is a proposed merger with t