Save Our Pensions Campaign

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Central States Pension Fund 2022 Financial Report… and a Motion to End the Consent Decree

The 2022 year-end report of the Independent Special Counsel of the Central States Pension Fund reflects the huge change in the Fund’s standing. It ended the year with net assets of $41.5 billion dollars and nearly full-funding.

Central States Pension Fund is now 97.5% funded

It’s a rags-to-riches story: the Central States Pension Fund went from 14.5% funded and in critical and declining status to 97.5% funded and in healthy condition.

Winning UPS Pension Improvements

About 65,000 UPSers in the 22 states covered by the IBT-UPS Pension Plan get substandard pensions. Upcoming contract negotiations are a chance to do something about it.

New York Locals 707 and 138 Teamsters To Get Full Pensions Restored

Grassroots organizing to save workers’ pensions is literally paying off. The Road Carriers Local 707 Pension Plan received $725.6 million from the Pension Benefit Guaranty Corporation (PBGC) on February 17, and will start repaying retirees right away to restore their cut pensions.

Central States Pension Plan to Apply for Relief Funds in April

The Central States Pension Plan’s assets fell to $8.8 billion by the end of the third quarter of 2021, according to the fund’s Financial and Analytical Report. As of April 1, the Fund will be able to apply to receive billions of dollars from the Pension Benefit Guaranty Corporation (PBGC) which should protect full benefits for retirees and working Teamsters at least through 2051.

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Recent News

On the Table in UPS Talks: Ending Article 40 Concessions

Eliminating loopholes in Article 40 is on the table in national contract negotiations and UPS Teamsters who work in UPS’s air operations are ready to close the concessions stand for good.

ABF Teamsters Authorize a Strike

ABF Teamsters have voted by 97.73% to authorize a strike. The contract covering 8,000 Teamsters at ABF expires on June 30.

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