March 3, 2015: The Central States Pension Fund and several smaller funds in the months to come may seek to cut the earned benefits of retirees and active Teamsters.
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
Whit Wyatt of Washington Court House worked as a teamster truck driver for 33 years. Now Whit and his wife Barb have a comfortable retirement living on Whit's teamster pension and social security.
But Wyatt is one of hundreds of thousands of union retirees who may soon see severe cuts to their monthly pension checks. “I've planned my life around my guaranteed pension and it just looks like that's going to be taken away," Wyatt said.
Bill Hendershot and his wife live on his union pension and Social Security. Hendershot, a retired Consolidated Freightways long-distance truck driver, gets around now in a 12-year-old Toyota Corolla. The couple still pay a mortgage on their home in Canal Fulton.
Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees. Others are hoping for further reforms to allow for alternative plan designs.
February 5, 2015: Teamsters in Southern California held a packed meeting to build a campaign to elect new International Union leaders. Next up: Columbus and Cleveland, Ohio on Feb. 21-22.
February 3, 2015: A review of the 3rd quarter 2014 financial report of the Central States Pension Fund shows that the fund has $18 billion as of September 30, 2014.
Anyone who thinks that congressional votes, federal regulations and the machinations of Wall Street have no bearing on their day-to-day lives should talk to John Raffiani Sr.
January 30, 2015: TDU's Pension Justice Campaign is on the move. Our voices are getting into the media and Teamster members and retirees are organizing to fight cuts and protect our pensions.