April 15, 2015: The Central States Pension Fund has launched a PR offensive to sell their fast-track pension cut plan as the only way to “rescue” members’ retirement.
Pension and Benefits
TDU in Action—Pension and Benefits
“TDU will support any fight launched by the International Union to defend our benefits. And we will continue to inform members so we can put pressure on the employers and on Hoffa, when necessary, to save and strengthen our benefits.”
K.W. Phillips, Roadway
Local 667, Memphis, Tenn.
Pension Workshops: Our Rights, the Benefit Cuts and How We Can Beat Them
TDU brings together concerned Teamsters and pension experts to share information and build a movement to restore our benefits and strengthen them for the future.
Pension and Benefits Newswire
April 15, 2015: Central States Pension Fund Director is giving the hard sell on his fast-track pension cuts, but withholding all the information members need to formulate alternatives.
He states the plan will go broke in exactly 11 years, and says we cannot question his facts. Where does he get this figure? And why hasn’t it changed as the fund’s assets have gone up?
April 14, 2015: Under the banner of “Save Our Pensions”, 175 Minnesota Teamsters and retirees met on April 11 in St. Paul to get the facts and build the movement to save pensions.
April 9, 2015: Yesterday Teamster leaders and Central States Pension Fund director Thomas Nyhan laid out in vague terms their plan to cut the pensions of retirees and active Teamsters. A preliminary letter to all participants will be mailed out today.
Sue Mauren was a Teamster employed at the University of Minnesota. She participated in a pension plan run by the university, and was not a participant in the Central States Fund (CSPF) She became a Teamster around 1980 and continued till the early 1990s, when she was hired as a business agent.
April 8, 2015: Over 100 Teamsters from across the Midwest and South converged on the Rosemont Convention Center today to voice their objections to possible pension cuts by the Teamster Central States Pension Fund.
In December 2014, Congress changed pension law by attaching the Pension Reform Act (PRA) to the must-pass 2015 omnibus spending bill as a rider. Doing so allowed the PRA to not be debated on the floor and spared House and Senate members from having to vote on an unpopular measure.
A new website reveals that Enron-billionaire John Arnold has spent up to $50 million of his own fortune to dismantle retirement plans for firefighters, nurses, teachers and other public employees.
March 31, 2015: Stop the rush to pension cuts will be the rallying cry when retirees and active Teamsters converge on Rosemont, to ask their local officers to Say No to Pension Cuts.