A Plan to Protect Pensions

March 15, 2013: Instead of parroting the employers who want to cut our pensions, our Teamsters Union should be proposing positive legislation to protect workers' hard-earned benefits. How about these ideas:

  • Build a coalition of unions, retiree groups, AARP to push for positive legislation to protect and shore up pensions.
  • Propose enhanced protection from the Pension Benefit Guaranty Corporation (PBGC). It is presently funded by tiny contributions from various pension plans: increase them to provide real insurance for benefits.
  • End the discrimination in benefit protection against multiemployer (union) plans by the PBGC: raise the covered benefit level, which is now only about $1,100 per month for a 30-year Teamster.
  • Put forward a version of the bill proposed by Senator Bob Casey (D-Pa.) in 2010, to protect the pensions of workers whose companies have gone bankrupt or moved production offshore. This protection would be a godsend to our Teamster pension funds and retirees.

Teamster members, retirees and local officers (who are covered by the same pension plans) can and will join in such an effort. Give Teamster political money only to politicians who support our right to our earned pensions. It's up to the International union to take the lead.

Get Advice Join TDU Donate

Recent News

Teamsters Back Bill Requiring Employers to Bargain With Newly Organized Workers

The Teamsters are backing the Faster Labor Contracts Act (FLCA), a new bill introduced by Sens. Josh Hawley (R-MO) and Cory Booker (D-NJ) that would require employers to start contract negotiations with newly organized workers within 10 days of voting to form their union.

NLRB Board Member Gwynne Wilcox Is Reinstated

NLRB Board member Gwynne Wilcox has been reinstated, restoring the Board's quorum and enabling it to resume issuing decisions about violations of workers' rights to organize.

View More News Posts