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Milwaukee Teamster Retiree Speaks Out on Pension Cuts

March 13, 2015: Bob Amsden, a retired Local 200 Teamster, isn’t sitting by while Central States ponders pension cuts. He got involved in forming the Wisconsin Committee to Protect Pensions and helped to organize a recent Milwaukee meeting that attracted over 60 retirees, spouses, and active Teamsters. Amsden recently spoke with a reporter from the Milwaukee Journal Sentinel. The story ended up being a front page article.  Many active and retired Teamsters don’t know of...

How Certain Teamster Pensions Funds May Try to Cut Pensions

March 3, 2015: The Central States Pension Fund and several smaller funds in the months to come may seek to cut the earned benefits of retirees and active Teamsters. Teamster members have a right to know what the procedures would be, so that we can be better armed to fight back. A detailed outline of the procedure and timeline is available here for review by concerned members and retirees. This outline explains that the process...

Retirees Facing Severe Pension Cuts

Ted Hart NBC February 24, 2015 View the original piece Whit Wyatt of Washington Court House worked as a teamster truck driver for 33 years. Now Whit and his wife Barb have a comfortable retirement living on Whit's teamster pension and social security. But Wyatt is one of hundreds of thousands of union retirees who may soon see severe cuts to their monthly pension checks. “I've planned my life around my guaranteed pension and it...

Union retirees fear dramatic pension cuts under new federal law

Jim Mackinnon Ohio.com February 16, 2015 View the original piece Bill Hendershot and his wife live on his union pension and Social Security. Hendershot, a retired Consolidated Freightways long-distance truck driver, gets around now in a 12-year-old Toyota Corolla. The couple still pay a mortgage on their home in Canal Fulton. And he’s among a huge group of union retirees nationwide who could see their monthly private pension payments cut as much as 60 percent...

Multiemployer plans untangle reforms

Hazel Bradford Pensions & Investments February 10, 2015 View the original piece Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees. Others are hoping for further reforms to allow for alternative plan designs. The Multiemployer Pension Reform Act of 2014 — passed swiftly in December — allows deeply underfunded plans to take unprecedented steps to...
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Costco Teamsters: Vote No!

Costco Teamsters were mailed ballots on May 20th to vote on a substandard contract offer. Teamster members and the National Negotiating Committee agree: members need to get informed, talk with other Teamsters, and Vote No on this slap in the face. 

Yellow Trims Losses: Best Quarter in Six Years

Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.

 

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