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Retirees, Watch Out: Detroit May Become Blueprint for Other Cities

Curt Guyette Labor Notes December 02, 2014 View the original piece Here’s what’s really being missed in most snapshot explanations of Detroit’s bankruptcy: the unprecedented hit being taken by retirees who believed that, after working throughout their lives, they would be secure in their old age. And Detroit sets a dangerous precedent. Your city’s retirees may be next in the crosshairs. Click here to read more at Labor Notes.

Wall Street is Taking Over America's Pension Plans

Murtaza Hussain The Intercept November 25, 2014 View the original piece Coverage of the midterm elections has, understandably, focused on the shift in political power from Democrats toward Republicans. But behind the scenes, another major story has been playing out. Wall Street spent upwards of $300M to influence the election results. And a key part of its agenda has been a plan to move more and more of the $3 trillion dollars in unguarded government pension funds into privately managed, high-fee investments...

The truth about multiemployer plans

Nick Thornton Benefits Pro November 20, 2014 View the original piece Could it be that the vast majority of the country’s multiemployer pension plans are in fine shape?  The headlines around multiemployer plans this year have not been pretty, so it’s easy to assume they’re all in trouble. Click here to read more at Benefits Pro.

Stop Congress from Cutting Retirees' Hard Earned Pensions

November 18, 2014: Unless we act now, Congress may end up cutting a legislative deal by year’s-end to allow pension plan trustees to slash the already-earned benefits of retirees as a purported way of saving deeply-troubled multiemployer plans. This would be a radical departure from the federal pension law and it would wipe out the anti-cutback rule which states unequivocally that once a retiree starts receiving a pension – it cannot be taken away unless...

TeamCare Sticks with Healthcare Cuts

October 24, 2014: The new Health Plan covering UPS Teamsters in the Southwest and New Jersey Local 177 is improving health benefits. Why won’t TeamCare? Over the past two weeks, UPS Teamsters in most of the West and in New Jersey Local 177 got some good news in the mail: their health and welfare fund is improving benefits.  The modifications to the plan reduce emergency room co-pays, improve dental and optical coverage, and make other...
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Teamsters Say It's Time to Deliver on the Dream

TDU members are commemorating Martin Luther King Day with a national day of action to demand that UPS respect the day as a paid holiday and by telling employers it's time to deliver on the dream.

Lame-Duck IBT Leadership Appoints Tony Andrews to Replace Aloise

The IBT General Executive Board (GEB) has approved the recommendation by James Hoffa to appoint Tony Andrews as International VP for the Western Region, over the dissent of president-elect Sean O’Brien and nearly half of the GEB members.

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