Senate Considering Bill With a Dangerous Provision

Teamster members are taking action now to protect our pensions from dangerous proposed legislation that makes it easier for multi-employer plans to cut retirement benefits.

Your urgent action is needed to contact the leaders of the Senate’s Health Education Labor and Pensions (HELP) Committee — and your Congressional Reps and Senators — to ask them to stand up for our retirement security.

he Red Zone Amendment to the Pension Protection Act would allow troubled pension plans to cut benefits that members have already accrued—and even cut the benefits of Teamsters who have already retired for less than one year.

The Pension Protection Act contains many positive provisions. It is supported by the IBT leadership, as well as UPS. But the dangerous Red Zone Amendment was added at the last minute to the House version of the bill (HR2830). This bill will now be considered by the U.S. Senate. The Act should be passed, but without this amendment.

TDU urges you to contact the Chairman and Ranking Democrat of the Senate HELP Committee to urge them to pass the bill without the Red Zone Amendment.

You can also contact your Senators by email or phone. All the information you need is just a click away.

The Red Zone Amendment threatens guarantees that have protected millions of workers from pension cuts. The anti-cutback provisions of ERISA make it illegal to cut benefits that employees have already accrued. Only future pension accruals can be cut.

We know that once a past gain is given away, it is hard to restore it. Help keep the anti-cutback provisions in ERISA. Tell Congress to pass the pension act without the Red Zone Amendment.

Click Here: to take action to protect your pension by emailing the leaders of the Senate HELP Committee.

Click Here: to download a sample fax to Senator Enzi

Click Here: to download a sample fax to Senator Kennedy

After you contact the leaders of the Senate’s HELP Committee, click below to find out how to contact the senators from your home state.

Click Here: to find out how to contact the senators from your state

Get Advice Join TDU Donate

Recent News

Yellow Trims Losses: Best Quarter in Six Years

Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.

 

Sysco Profits Up

Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year.  Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.

View More News Posts