April 2, 2010: Pension legislation that could help Teamsters, or hurt us, has been proposed in both the House and Senate.
Our job is to get a pension bill that not only helps our pension funds, but protects 100 percent of the pension credits earned by Teamsters and other workers.
All the bills are complicated and likely to be amended in the House and Senate.
Teamsters should contact their Representatives and Senators with two very important messages:
- We support legislation that will protect and preserve workers’ pensions and multi-employer plans.
- We oppose any provision which would diminish pensions based on which company an individual earned credits from. We want full protection put in any pension legislation, including full protection for “orphans” and full protection of early retirement benefits.