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

Baltimore Members End Pension Freeze

February 27, 2009: The Baltimore Local 355 pension is no longer frozen, thanks to hundreds of working Teamsters who took action and demanded improvement. But Local 355 officials have raised benefits only a fraction of the former amount—and added a penalty for Teamsters who retire early. On Feb. 18, the Local 355 pension fund trustees announced they are re-instating a modest pension accrual, effective March 1, 2009 through the end of the year. Last year,...

Judge Orders Hearing for Local 705 Retirees

February 13, 2009: Last month UPS dramatically raised the cost of retiree healthcare. Now UPS will have to explain their actions before a judge. Yesterday, a judge in the U.S. District Court for Northern Illinois set a hearing for March 9. UPS will have to explain to a judge how their midcontract hike in retiree healthcare contributions didn't violate the contract or the law. In January, UPS management suddenly raised the monthly health and welfare...

Chicago Teamsters Fight for Retirees

January 30, 2009: Chicago Local 705 UPS retirees are mad as hell, and they’re doing something about it. They’re mad because UPS management suddenly raised their monthly health and welfare contribution from $50 to $157.58 for a single retiree and $315.17 for a retiree and spouse. Today Local 705 and two retirees filed a class action suit in federal court against UPS, and reportedly they are considering other actions as well. (A copy of the...

Questions and Answers about the New Pension Relief Law

January 6, 2009: In December, Congress passed a new law to help multi-employer pension plans ride out the financial crisis. Most Teamster pension plans were hit hard by the meltdown on Wall Street. Teamster leaders and members demanded relief. The Worker, Retiree, and Employer Recovery Act of 2008 loosens some of the strictest requirements of the Pension Protection Act and may prevent new cuts. But it gives no relief for Teamster members who are already...

Central States Fund Down $9.8 Billion

December 11, 2008: The Central States Pension Fund has lost $9.8 billion in assets during 2008, according to a report from CSPF Director Thomas Nyhan. As of Nov. 30, 2008, the fund’s assets were $17 billion. That is $4 billion down from the Sept. 30, 2008 figure, which we published in November. Nyhan notes that the fund has lost 32 percent on its investment portfolio during 2008. Most pension funds, along with 401(k)s and other...
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Recent News

Herman Benson: A One-Man Army Working to Revitalize the Labor Movement

My friend Herman Benson died yesterday, just shy of his 105th birthday. He was an inspiration, a leader, and sometimes a critic for so many of us working to put the membership front-and-center in the Teamsters and in the whole labor movement.

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