October 12, 2026
The Teamsters joined the United Autoworkers (UAW) and five other international unions representing members at the largest U.S. defense contracts in a letter calling on Congress to ban defense contractors from funneling money to Wall Street investors through stock buybacks and dividends instead of investing in jobs and infrastructure.
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.
Recent News
Teamsters Join Union Effort to Ban Wall Street Payouts in Defense Industry
October 12, 2026
The Teamsters joined the United Autoworkers (UAW) and five other international unions representing members at the largest U.S. defense contracts in a letter calling on Congress to ban defense contractors from funneling money to Wall Street investors through stock buybacks and dividends instead of investing in jobs and infrastructure.
Amazon Drivers Join Teamsters in New York City
October 08, 2026
Amazon drivers at the company’s DBK1 facility in New York City marched on the boss to demand union recognition and better pay, healthcare, and job security.