Not if We Stop It!
UPDATED October 23, 2013: A Congressional hearing will be held to address pension issues Tuesday, October 29.
We expect a bill to hit Congress very soon which would allow "deeply troubled" pension funds—such as the Central States Fund—to slash the pension benefits of retirees and those soon to retire.
We're out to stop this train wreck for Teamsters and other workers who worked long and hard to earn their pensions. If they revoke the ERISA anti-cutback rule and could then cut some pensions, the door will be open to slash more pensions.
This nasty bill has the support of employers and the Central States Pension Fund. We expect CS Director Thomas Nyhan to testify for it at upcoming hearings in the House of Representatives. The hearings were postponed due to the government shutdown.
Opposed are some unions and workers' organizations, the Pension Rights Center, the AARP and TDU.
Read what Teamsters have to say in "We Earned Our Pensions."
Join retirees and active Teamsters who are working with the TDU Pension Action Network to protect our pensions.