UPS Profits Off Pension Cuts
December 15, 2014: The lame duck Congress has attached pension cut legislation to the end-of-year spending bill that will pave the way for the worst pension cuts in Teamster history.
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.
Contact the TDU Pension Action Network.
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.
Click here to learn more about setting up a pension workshop in your area.
Pension and Benefits Newswire
Middle-class retirees deserve better from Congress
St. Louis Post-Dispatch
12/15/2014
The devastating pension reform crammed into the omnibus spending bill that will likely soon become law would allow pension trustees to slash the benefits of retired workers and cut future benefits for a shrinking pool of middle-income employees.
FAQs: What the Pension Bill Means for You
UPDATED December 16, 2014: Get answers on the pension cut deal and what it means for you.
Congress, Hoffa Butcher Teamster Pensions
December 13, 2014: Congress has officially passed the spending bill that includes pension cut legislation that was attached as an amendment to the budget bill.
Will the Central States Big Shots Take a Cut?
December 12, 2014: Thomas Nyhan testified in Congress and lobbied hard – with our pension money and staff – to get the pension-cut bill passed. Now, he got his wish: a 163-page bill sneaked through Congress, tacked onto the budget.
Urgent: Congress to vote today on pension cuts
December 11, 2014: We need your help NOW! The House is poised to vote on the omnibus spending bill, which includes provisions that would allow pension plan trustees to cut the hard-earned pension benefits of current retirees – as a purported solution to shoring up certain financially-troubled multiemployer plans.
Congress' backroom pension-cutting deal is even worse than expected
Los Angeles Times
12/11/2014
At last the actual language has been released of the backroom, last-minute congressional deal allowing benefits of millions of retired workers to be shredded.
It's even worse than its critics anticipated.
Rep. Kline's proposed cuts catch pensioners by surprise
Star Tribune
12/11/2014
Dave Erickson of Isanti, Minn., believed his pension benefits were guaranteed when he contributed a fixed portion of his pay into the Teamsters Central States Pension Fund.
Pension Fund Run By Wall Street Cited In Push To Cut Retiree Benefits
International Business Times
12/11/2014
Six years after the financial crisis, the economic aftershocks are still rattling the halls of Congress -- this time in a debate over an esoteric pension provision tucked into an end-of-year budget bill.
Congressional leaders hammer out deal to allow pension plans to cut retiree benefits
The Washington Post
12/10/2014
A bipartisan group of congressional leaders reached a deal Tuesday evening that would for the first time allow the benefits of current retirees to be severely cut, part of an effort to save some of the nation’s most distressed pension plans.
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