December 2, 2013: The Central States Pension Fund had $17.8 billion in assets as of June 30, 2013, which is the same amount it had at the start of the year.
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
November 21, 2013: Growing opposition to a proposal to allow multi-employer pension plans to slash already-earned benefits has forced a delay in its introduction into Congress. That opposition needs to grow stronger, into a grassroots movement to save our pensions and develop a positive alternative plan to the cuts.
Hundreds of thousands of reitred union workers are facing pension cuts that could slash their monthly payments in half or even more.
UPDATED October 29, 2013: Opposition to the proposal to amend pension law to allow retirees' pensions to be cut is growing and gaining force to slow down this train wreck and allow consideration of other options.
October 17, 2013: Hoffa and Hall have lied to members about our contracts and healthcare. But in the fight to protect our benefits, we shouldn't turn against union health plans.
October 17, 2013: Hoffa drew headlines when he declared that Obamacare would make union plans "unsustainable." It's another way that bungling by the Hoffa-Hall administration has hurt Teamster healthcare.
October 16, 2013: Former Teamster Alex Adams is one of the hundreds of thousands of retirees whose benefits could be slashed if Congress passes legislation to restructure the laws governing multi-employer pension plans.
UPDATED October 23, 2013: A Congressional hearing will be held to address pension issues Tuesday, October 29.
Alex Adams, 71, worked in the trucking industry for 36 years before retiring in 2003. Five years later, Adams was diagnosed with cancer in his larynx and tonsils. As a result, he now takes food through a feeding tube and has to deal with a number of ongoing medical costs.