In December 2014, Congress changed pension law by attaching the Pension Reform Act (PRA) to the must-pass 2015 omnibus spending bill as a rider. Doing so allowed the PRA to not be debated on the floor and spared House and Senate members from having to vote on an unpopular measure.
Currently, the U.S. House Committee on Ways and Means is pursuing the reform of Social Security, using much the same rationale that was employed to cut benefits of private pension-plan participants — that if changes are not made, retirees face drastic cuts. The committee states: “Without action to address the fiscal and structural challenges facing Social Security, seniors will see a 23 percent cut to their benefits beginning in 2033. Action must be taken now to preserve the promise of Social Security for today’s beneficiaries and future generations.”
"I attended a UPS contract workshop that TDU held for members of my local. We got critical information about the contract campaign and how we could get involved. I joined TDU because TDU gives rank-and-file Teamsters information and organization to build a stronger union."
Eliminating loopholes in Article 40 is on the table in national contract negotiations and UPS Teamsters who work in UPS’s air operations are ready to close the concessions stand for good.
A Teamster's Pension Commentary
In December 2014, Congress changed pension law by attaching the Pension Reform Act (PRA) to the must-pass 2015 omnibus spending bill as a rider. Doing so allowed the PRA to not be debated on the floor and spared House and Senate members from having to vote on an unpopular measure.
Currently, the U.S. House Committee on Ways and Means is pursuing the reform of Social Security, using much the same rationale that was employed to cut benefits of private pension-plan participants — that if changes are not made, retirees face drastic cuts. The committee states: “Without action to address the fiscal and structural challenges facing Social Security, seniors will see a 23 percent cut to their benefits beginning in 2033. Action must be taken now to preserve the promise of Social Security for today’s beneficiaries and future generations.”
Click here to read more at the Star Tribune.
I am TDU
"I attended a UPS contract workshop that TDU held for members of my local. We got critical information about the contract campaign and how we could get involved. I joined TDU because TDU gives rank-and-file Teamsters information and organization to build a stronger union."
Recent News
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June 05, 2023
UPS Teamsters will begin in-person voting to authorize a strike if UPS refuses to negotiate a fair agreement before the contract expires on July 31.
On the Table in UPS Talks: Ending Article 40 Concessions
May 24, 2023
Eliminating loopholes in Article 40 is on the table in national contract negotiations and UPS Teamsters who work in UPS’s air operations are ready to close the concessions stand for good.