May 24, 2013: A dangerous proposal that would change federal law to allow "deeply troubled" pension plans to slash the benefits of retirees could be introduced into Congress as soon as this summer.
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
May 24, 2013: UPS will save billions in lower pension costs during the life of the new contract as the company reaps the financial rewards of pension deals in the Central and Southern Regions and New England.
May 24, 2013: On April 14, some 3,000 retirees came to the union hall to hear an update from Al Nelson of the Central States Pension Fund. Many are concerned about the move by Central States and the Hoffa administration to pass a law which would eliminate the "anti-cutback" rule and allow Central States to cut existing pensions.
April 16, 2013: Three thousand Teamsters, active and retired, headed to the union hall in Kansas City. What sparked the monster turnout and what does it say about Teamsters and our pensions?
A coalition of unions and employers is proposing changes to the federal law that governs the pension plans of about 10 million people, including reducing benefits paid to retirees, the first time in four decades that such cuts would be allowed.
Some companies are pushing to withdraw their workers from a giant Teamsters pension plan that faces a deep funding shortfall and questions about its long-term viability.
Sixteen people have been arrested during a protest of Patriot Coal Corp.'s bankruptcy reorganization plan in downtown Charleston today.
March 15, 2013: Does a ten-year freeze in pension benefits sound too long to you? That is what half of all UPS full-time Teamsters could face, unless there are improvements put in Article 34 of the UPS National Contract.
March 15, 2013: Some 50,000 UPS Teamsters stand to draw a pension from the Central States Fund, even though UPS was allowed to pull out of that fund in 2008 and set up their own IBT-UPS Pension Plan, run by the company.
March 15, 2013: Instead of parroting the employers who want to cut our pensions, our Teamsters Union should be proposing positive legislation to protect workers' hard-earned benefits.