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What Pension Funds May Face Cuts Under New Law?

February 4, 2015: Could your benefits be cut under the new Pension Cut legislation? Find out here. The Center for Retirement Research at Boston College has compiled a list of 100 plans that may be permitted to cut benefits as a result of the new pension law enacted in December 2014. The Central States Pension Fund is not the only Teamster pension plan where retirees may be threatened with benefit cuts because of the new pension...

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Speaking Out Against Pension Cuts

February 4, 2015: Teamster members are making their voices heard about the threats to our pensions.  John Raffiani is sick about what may happen to his Central States Pension but that’s not holding him back from doing something about it. He contacted a reporter at the Albany Times Union and made sure the pension cuts story made headlines in his city. Check out the coverage in the Albany Times Union. The pension cuts story needs...

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Central States Pension Financial Update

February 3, 2015: A review of the 3rd quarter 2014 financial report of the Central States Pension Fund shows that the fund has $18 billion as of September 30, 2014. The information is detailed in the quarterly Financial and Analytical Report and the Independent Special Counsel Report.  Compared to the previous year, the fund saw a net investment income decline of $1.2 billion but it was offset slightly by a $94 million net increase in operating...

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Pension Justice Campaign Is on the Move

January 30, 2015: TDU's Pension Justice Campaign is on the move. Our voices are getting into the media and Teamster members and retirees are organizing to fight cuts and protect our pensions. The Atlanta Journal Constitution featured leaders of the Local 728 Retirees Club who are fighting the pension cuts.  “We worked all our lives to earn a decent pension,” said Waymon Stroud, 61, who retired four years ago from Yellow Freight and is now president...

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Help Rhode Island Teamsters Stand Up Against Corporate Greed

January 30, 2015: With TDU’s support, the 5,500 members of Teamsters Local 251 took back their union and elected reform leaders. Now, Local 251 members at Rhode Island Hospital are standing up against corporate greed by building labor-community solidarity. Will you stand with them? Click here to sign a petition supporting the Campaign for a Fair Contract, Good Jobs & Quality Care at Rhode Island Hospital. Yesterday, they held a massive informational picket line in front...

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So Cal Teamsters Pack the House to Elect New IBT Leaders

January 29, 2015: Southern California Teamsters packed the house last Sunday to back a campaign for new leadership in the Teamsters Union. California Teamsters are getting into the campaign to replace the Hoffa-Hall bunch with leaders committed to building rank and file Teamster power and they are not waiting until the ballots go out in 2016. On January 25, 125 Teamsters came together near Los Angeles to hear Tim Sylvester of New York Local 804...

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"Right-to-Work" provides no 'rights' and no 'work'

January 22, 2015: Since last year’s Congressional elections, lawmakers in at least nine states have signaled that they intend to introduce “right-to-work” legislation.   Wisconsin, New Mexico, New Hampshire, Ohio and Missouri will be battlegrounds over the misnamed legislation, with bills being introduced in early 2015. Efforts to pass RTW laws are also expected in Colorado, Kentucky, Montana and Pennsylvania.  “Right to Work” laws mandate unions to represent workers who don’t pay any dues or fees...

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It’s time to fight back

"I hauled cars out of Selkirk, New York for 31 years. I worked for a number of different companies – Automobile Transport, Nu-Car Carriers, Anchor Motor Freight, M&G Convoy, Leaseway, Ryder and finally, Allied. I retired in 2002. I worked extremely hard in 35 below zero weather and 110 degrees in the shade. I went through lay offs, mergers, loss of seniority, company closings and now they want to cut my pension. That just isn’t...

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What Hoffa Tried to Do to Your Right to Vote – and the Results

Hoffa went to court to try to destroy our Right to Vote. Teamsters fought back. Get the detailed run-down on the rights that Hoffa tried to gut -- and the outcome.

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Teamsters Save Their Right to Vote

January 14, 2015: Teamster members’ Right to Vote will be protected under fair rules and independent supervision under a motion filed in court today on the future of government supervision in the Teamsters Union.

 

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