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.”
"TDU unites workers to take on corporate greed. Together, we're taking on corrupting and contract givebacks and fighting for a better future. A strong union involves everyone. That's what TDU is all about."
The International Union has made a tentative agreement for a one-year extension of the National Carhaul Contract. It will now go to the local officers for review, and then to the carhaul membership for a ratification vote.
Every year TDU publishes a nonpartisan report on the salaries of Teamster officials and lets members decide who is working hard to earn it—and who may not be. You can download the list here.
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.
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Recent News
IBT Proposes One Year Extension of Carhaul Contract
April 21, 2021
The International Union has made a tentative agreement for a one-year extension of the National Carhaul Contract. It will now go to the local officers for review, and then to the carhaul membership for a ratification vote.
Teamster Officers Salary Report
April 19, 2021
Every year TDU publishes a nonpartisan report on the salaries of Teamster officials and lets members decide who is working hard to earn it—and who may not be. You can download the list here.