January 8, 2015: Congress approved pension cut legislation in a sneak attack amendment to the budget bill.
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
January 8, 2015: The lame duck Congress attached pension cut legislation to the end-of-year spending bill that will pave the way for the worst pension cuts in Teamster history.
January 8, 2015: The budget bill passed in December includes changes to pension law that will allow the Central States to make cuts to so called “orphans” like me. And there are many thousands of freight, carhaul, construction, warehouse, and other Teamsters just like me.
Some troubled pension plans now have the authority to drastically reduce the benefits of current and future retirees — something that hasn’t happened since Congress passed legislation protecting retirement benefits 40 years ago.
For some retirees, Congress has played the Grinch this holiday season.
America "survived" the government shutdown, sacrificing the benefits and pensions for millions of retirees. Ed Schultz gives an impassioned response to the new budget. Sen. Bernie Sanders and Rep. Tony Cardenas join the conversation.
Click here to see the video.
Click here to read a brief summary of the Multiemployer Pension Reform passed by Congress expected to become law.