Save Our Pensions Campaign

TDU is uniting Teamsters and retirees together to save our pensions. We won a major victory when the Treasury Department rejected the Central States pension cut plan. But more than 400,000 Teamsters and retirees still face the threat of cuts. We're fighting back. We worked our whole lives for our pensions—now we are working together to defend them. 

TDU has joined forces with AARP, other unions, the Pension Rights Center and labor allies to support pension reform legislation that will strengthen our pension funds and save our benefits.

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Related Articles

Freight Teamsters and the Pension Divide

July 1, 2010: The biggest factor at the present time in the pension divide is the threat to the pensions earned by Teamsters at YRC—our union’s largest employer of freight Teamsters, and the largest contributor to the Central States Fund. YRC Teamsters have not had pension contributions paid for the past year, due to concessions made in 2009 to help save the company. The wage cut continues until the end of the contract, but the...

Pension Bill Stalled in US Senate

July 1, 2010: A bill that could provide help to troubled pension plans is now stalled in the U.S. Senate, but it could still move forward this year, with a push from below. The Create Jobs & Save Benefits Act (S 3157), sponsored by Senator Robert Casey (D-Pa), would allow multiemployer plans to segregate the benefit liabilities attributable to participants of bankrupt former employers who pull out of the program without funding their withdrawal liability....

Upstate New York Teamsters Face Pension Cuts

July 1, 2010: The New York State Teamsters Pension Plan will end 25-and-out and 30-and-out benefits at the end of the year, due to the fact that the plan is underfunded and in the “red zone.” The fund, which covers Teamsters in most of New York State (but not New York City), has good benefits. For example, UPS workers can retire with 30-and-out at $5,500 per month. This is nearly double the amount paid by...

Upstate New York Teamsters Face Pension Cuts

June 15, 2010: The New York State Teamsters Pension Plan will end 25-and-out and 30-and-out benefits at the end of the year, due to the fact that the plan is underfunded and in the “red zone.” According to the Fund’s Annual Funding Notice, dated April 30, 2010, the fund was 57 percent funded at the beginning of 2009. This puts the fund in Critical Status, called the red zone. With the run-up in the stock...

Millions May Lose Health Coverage Due To No Federal Extension Of Safety Net Benefits

June 8, 2010: Millions of newly laid-off workers and very low-income people may lose health coverage because key federal safety net assistance was not extended in the recent jobs bill, according to a report released today by the consumer health organization Families USA. The report analyzed the impacts of decisions by the House of Representatives when it adopted the new jobs bill. The House jettisoned expected COBRA health coverage subsidies for workers who are laid...
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