Save Our Pensions

February 26, 2010: Teamsters are worried about our pensions.

New legislation could help save our benefits. But it won’t be won without strong union action.

Special Pension Coverage

• Teamsters, YRC Team Up on Pension Legislation

• Central States Status Update

• IBT-UPS Plan Keeps You in the Dark

Wall Street banks got their bailout and are back to making record profits. But Teamster pensions are still reeling from the hurt these banks put on the stock market, the economy, and on our benefit funds.

Our union has a chance to strengthen our benefits now and for the future. It’s time to act.

Legislation has been introduced in Congress that would strengthen union benefits. Under House Bill 3936, the Pension Benefit Guarantee Corporation (PBGC) would help finance the pensions of retirees whose companies have gone out of business.

The International Union supports this legislation and is saying the right things on the Teamster website. But it’s time to move from talk to action.

Pension security legislation won’t be free. Politicians will only pass it if they are pressured to do so. And, there is the possibility that other legislation will be put forward, which would cut the pensions of so-called “orphan” retirees whose former employers are out of business. We need to be prepared to fight.

More than ten million Americans are covered by multi-employer pension plans.

The base of support is there to build a coalition for workers’ retirement security. But that base needs to be mobilized.

Teamsters Can Take the Lead

Our union can take the lead in this fight and join forces with other unions, pension funds, AARP, and other allies.

If necessary, we need to be ready to march on Washington.

The Hoffa administration has delivered the worst pension cuts in Teamster history. Teamster members and retirees have paid the price.

It’s time for the International Union to take action to fight for the future of our pensions. Working Teamsters need to be ready to do our part.

Retirement security is a fight that can be won. But not if we sit on the sidelines.


What do you think? Click here to contact TDU's rank-and-file pension network.

Get Advice Join TDU Donate

Recent News

Team Canada IBT Slate is Accredited

The two IBT vice presidents from Canada and the president of Teamsters Canada have petitioned among Canadian Teamsters to accredit the Team Canada Slate in the IBT Election.  Yesterday the Election Supervisor reported that they submitted 8,156 petition signatures, far more than the needed number of 2,807 in Canada.

Fighting for Our Future at the TDU Convention

Hundreds of Teamsters made organizing plans, set our movement’s direction, and elected our TDU leadership for the coming year at the first (and hopefully last!) online TDU Convention.

View More News Posts