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Davey Grubbs Named to PBGC Advisory Committee

Davey Grubbs, a retired Teamster and long-time advocate to protect union pensions, has been appointed to the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC).

Consent Decree Over Central States Pension Fund Ended

A federal judge has ended the 40-year-old consent decree over the Central States Pension Fund. The decision follows the recommendation of the court-appointed Independent Special Counsel. No changes are expected in the operation of the pension fund.

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.

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Recent News

New York City Mayor, Teamsters Demand Vote on Delivery Protection Act

General President Sean O’Brien and Mayor Zohran Mamdani rallied with Amazon workers, Teamsters, and community supporters on the steps of New York City Hall to demand a vote on the Delivery Protection Act.

Teamsters Join Union Effort to Ban Wall Street Payouts in Defense Industry

The Teamsters joined the United Autoworkers (UAW) and five other international unions representing members at the largest U.S. defense contracts in a letter calling on Congress to ban defense contractors from funneling money to Wall Street investors through stock buybacks and dividends instead of investing in jobs and infrastructure.

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