Save Our Pensions Campaign

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Sign the Petition to Protect Our Pensions!

June 16, 2014: Teamsters, along with many other groups, are fighting back against a proposal Congress is considering to allow troubled pension funds – like the Central States Fund – to slash existing benefits. You can help by signing a petition to the U.S. House of Representatives Education and the Workforce Committee. Help preserve the federal anti-cutback law to protect our pensions. Click here to sign the petition. Call TDU: 313-842-2600 to get petitions to...

Central States Big Wig Calls for 30% Benefit Cut

June 13, 2014: Al Nelson, the Benefits Services Director of the Central States Pension Fund, told Minneapolis Teamsters that he favors a 30 percent across-the-board benefit cut for every current retiree and every active Teamster in the fund. Nelson announced this position at a Local 120 meeting on June 6, where he was giving a report on the Central States Pension Fund. He elaborated that if the 30 percent cut is not made, the situation...

Sign the Petition to Protect Our Pensions

June 13, 2014: The Director of the Pension Benefit Guaranty Corporation (PBGC) has called for reforms that would help secure union members pensions. Josh Gotbaum, the Director of the PBGC, is calling for a major increase in insurance premiums paid by pension funds to provide more security to pension funds that cover Teamsters and other union members.   Teamsters for a Democratic Union (TDU) supports this proposal and urges its adoption.   You can help...

Breaking Pension Promises is No Solution at All

Kyle Garrett Pension Rights Center June 11, 2014 View the original piece Complexity is to be expected when discussing an issue like pensions. So for the moment let’s make things simple: 150 to 200 multiemployer plans are severely underfunded and may run out of money in 15 to 20 years if no action is taken. There are approximately 1.5 million workers and retirees in these plans. To solve this problem, members of Congress are considering a...

How Much Could Your Pension Be Cut?

May 30, 2014: How much could you possibly lose from your pension if the anti-cutback provisions are repealed from federal law? The Pension Rights Center has posted a retiree cutback calculator to show you the answer. The calculator shows how drastic the cuts could possibly be to retirees in “deeply troubled” pension plans, including the Central States Plan. The calculator provides the answer. Use the calculator below to determine how much your pension could legally...
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Recent News

Yellow Re-branding: Consolidation of Terminals is Starting

Now that the stock exchange shows YELL at the new marker for YRC Worldwide, what does this new branding mean for working Teamsters? First, it will mean consolidation and the need to protect jobs.

Remembering Karen Lewis

Working people have lost a champion and TDU has lost a friend. We mourn the passing of Karen Lewis whose activism helped transform the Chicago Teachers Union (CTU) and changed teacher unionism forever.

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