Teamsters Have New Rights to Pension Info

January 22, 2008: As of January 1, Teamsters in pension plans have new, expanded rights to obtain information from their pension fund.

The Pension Protection Act requires that participants have the right to obtain any periodic actuary report, any quarterly, semi-annual or annual financial report, and other documents.

Teamsters for a Democratic Union and the Pension Rights Center led the lobbying effort that won members these rights. These rights apply to both active and retired pension fund participants.

Teamsters who want to exercise their rights to get this information can contact TDU to obtain a model letter to send to your fund.

Because the law is new, it may take some time to sort out how these rights are implemented. TDU will work with Teamsters to ensure that they can get the information that they are entitled to.

Click here to send TDU a pension question.

Click here to request a model letter to send to your fund requesting financial information.

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