Teamsters Rally in Washington to Protect Pensions

Over 2,000 retirees and Teamsters from 20 states rallied on Capitol Hill today to support the Keep Our Pension Promises Act, and to call on the U.S. Treasury Dept to reject the pension cuts proposed by the Central States Fund.

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The grassroots movement that has been building for two years turned out in buses, cars and airplanes, with their signs, banners and energy. We drew support from a number of Senators and Congressional Representatives who spoke at the rally.

The pension movement is growing and building strength. Get involved and add your voice.

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Click here to see more photos of the rally.


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  • followed this page 2016-08-19 16:07:59 -0400
  • commented 2016-04-19 15:21:34 -0400
    Richard Jennings > ‎NBC News

    I challenge the national media to tell the story and ask our government “how did you let this happen ?” “who is going to be criminally charged?” " how are you going to make them whole?". How did the Executive branch, the courts, Congress, and the President fail to protect the interest of retirees and undo ERISA laws that have protected workers for decades ?

    Central States Teamster pension fund, control was taken in 1982 by a court order to remove the Mafia because of real estate improprieties in the investment of the pension funds financing Las Vegas casinos and other issues.
    The court ordered the Government and Trustees to watch over the fund and do what was in the best interest of the individuals who it represented.
    The fund grew large enough it also fell under Taft Hartley guidelines.
    The giant banks deemed to large to fail that were ultimately found responsible for fraud and mispresentation contributing to the global financial crisis of 2007-208 were left in charge of the fund. Disregarding fiduciary responsibilities and guidelines for a pension fund of it’s size. Disregarding guidelines of Taft Hartley act. Yet still while under the “watchful eye” of the court ordered government control of the fund since 1982.
    Goldman Sachs was fined billions of dollars for their part of fraud contributing to the recession. The 2nd primary giant bank also involved in the
    Crisis the same story. These were the giant banks deemed reliable to be in charge of our pension funds and their ways of investment lost more than comparable size funds and charged us more in fees all under the government’s watchfull eye.
    How do we lose more with their help then when the Mafia was involved?
    The Pension Benefit Guarantee Corp created by ERISA laws in 1974 has had no problem charging premiums to insure our fund…. yet the government has underfunded it and informed the Teamsters it cannot insure their fund now because it would bankrupt the PBGC. Teamsters didn’t underfund it you established the premiums. We should be insured at full value.
    ERISA was enacted to protect working peoples pensions from corporate thieves closing companies and emptying the pension funds. Guaranteeing that retiree benefits would never be challenged, reduced, cut once earned. Because the employee had worked all their life to earn that benefit.
    Yet hidden in a must pass finance bill in December 2014 having nothing to do with government budget was a bill now referred to as MPRA. Never brought to the floor for discussion, never talked about how it would affect millions of seniors and retirees pensions reducing incomes by up to 70%. Also hidden in it were the unusual nondemocratic methods of voting. Never discussed how it would undo ERISA.
    So here we are in one of the wealthiest countries of the world, that sends its military to other shores defending human rights and free elections and we are now guilty of our own political leaders taking those cery righrs from those least able to protect themselves our senior citizens on fixed incomes and many in decling health.
    Even more surprising that our media isn’t telling the story that is challenging over 270,000 currently retired members receiving checks facing income cuts up to 70%, many too old or physically unable to return to work to offset those losses of income. 410,000 total members of the fund or how this will affect millions of others who are also in multi employer pension funds. What are you waiting for? When you talk about economic impact many will lose homes, file bankruptcy, have to make choices between food or medicine. When are you going to tell the story?? Are you waiting until we are filling the courts with bankruptcy forms and homelss on the streets?
  • commented 2016-04-15 11:38:53 -0400
    UNITED WE STAND DIVIDED WE FALL. NICE JOB FOLKS MICHAEL .
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