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

Senate Bill Fails to Protect Pensions: Battle Continues Now

The $2 trillion stimulus package which passed the Senate and will likely soon be passed by the House, called the “Phase 3” plan to revive the economy, did not include protection for earned pensions. But that fight is alive right now, because a new “Phase 4” bill will be considered in late April.

Call Congress Now: Don’t Bail Out The Corporations and Leave Working America in Dire Straits  

Both Central States and the National United Committee to Protect Pensions are strongly encouraging active and retired Teamsters to call Congress now and ask them to support the protection of pensions in any legislation that will provide tax dollars to address the pending economic crisis caused by Covid-19.

Central States Fund Falls to $12.3 Billion -- Senate Action Needed

The 2019 Financial Report of the Central States Pension Fund shows that fund assets dropped to $12.3 billion, as retirement payouts far outstrip the income from employers remaining in the fund. The net loss on the year was $857 million, and the Fund continues to predict insolvency in 2025, unless action comes soon.

Pension Fix Needs Congressional Action Now

Continued erosion of the assets of the Central States Pension Fund and the pension back-stop, the Pension Benefit Guaranty Corporation, demand immediate Congressional solutions as reported here.

Central States Pension Fund: $12.7 Billion in Asset

The third quarter financial and analytical report shows that the Central States Pension Fund is down to $12.7 billion in assets, a drop of $460 million since the beginning of 2019.

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Recent News

Reports from the Independent anti-corruption Officers

The Teamster anti-corruption officers --  the Independent Investigations Officer (IIO) and Independent Review Officer (IRO) – issue regular reports to members. You can see their most recent reports, dated March 17, 2022, and July 25, 2022, on the IBT website.

Video: Fighting Back from UPS to Amazon

We’ve got a lot to celebrate this Labor Day. Rank-and-file organizing is on the rise, and workers are fighting back from UPS to Amazon. Check out the new video from TDU.

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