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."
Most of Yellow’s terminal properties closed at auction on December 4, with XPO the biggest buyer, paying $870 million or nearly half of the $1.9 billion that the 128 properties yielded. XPO bought 28 properties and Estes bought 24.
Hundreds of UPS Teamsters joined us to hear about moving from contract campaign to contract enforcement this Sunday. See a recording of our UPS Teamsters United webinar with guest speaker General President Sean O'Brien below.
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
Yellow Terminals Sold for $1.9 Billion – XPO and Estes are Big Buyers
December 05, 2023
Most of Yellow’s terminal properties closed at auction on December 4, with XPO the biggest buyer, paying $870 million or nearly half of the $1.9 billion that the 128 properties yielded. XPO bought 28 properties and Estes bought 24.
Online Workshop: From Contract Campaign to Contract Enforcement
December 02, 2023
Hundreds of UPS Teamsters joined us to hear about moving from contract campaign to contract enforcement this Sunday. See a recording of our UPS Teamsters United webinar with guest speaker General President Sean O'Brien below.