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Teamster Retiree Writes to the Pension Funds

By: John Brose, East Liberty, OhioRetired, Local 413 I'm a retired truck driver of thirty years. I worked for Smith Transfer in Columbus, Ohio, in 1977 till they went bankrupt in 1988. I went to Consolidated Freightways till they went bankrupt in 2002. Then Roadway Express until they merged with Yellow Freight and I was laid off never to be called back. So I had to retire in 2009 with over thirty years of service....

Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay

Thom Hartmann Alternet 02, 2013 View the original piece Twinkie-maker Hostess continues to screw over its workers. The company is in the process of complete liquidation and 18,000 unionized workers are set to lose their jobs. More troubling – they could lose their pensions. According to a report by the Wall Street Journal, Hostess’ CEO, Gregory Rayburn, essentially admitted that his company stole employee pension money and put it toward CEO and senior executive pay...

Teamsters pension plan stuck in crisis

Dan Berman BenefitsPro July 22, 2013 View the original piece The plight of the Teamsters' Central States, Southeast & Southwest Pension Plan has been in the news lately and its prospects are not good. Documents filed at the end of 2012 by the Rosemont, Ill.-based fund show that its liabilities are almost double its assets – $34.9 billion vs. $17.8 billion. In short, the nation's largest multi-employer pension fund is also one of its most...

Opposition Needs to Grow Now

Opposition Needs to Grow NowCongressional Hearings Coming on New Pension Proposals June 7, 2013: A dangerous proposal that would change federal law to allow "deeply troubled" pension plans to slash the benefits of retirees could be introduced into Congress as soon as this summer. The time is now for opposition to eliminating the federal law known as the "anti-cutback rule." It is clear that the "deeply troubled" plans would include the Central States Pension Plan....

Brown Sees Green on Pensions

May 24, 2013: UPS will save billions in lower pension costs during the life of the new contract as the company reaps the financial rewards of pension deals in the Central and Southern Regions and New England. For the next five years, UPS will pay very substandard contributions in two of the largest pension plans covering more than 50,000 UPS Teamsters.  Under the new contract, UPS will actually reduce its pension contributions in New England...
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Recent News

New Contract Delivers $1,000 Pension Increase

More than 60,000 full-time UPS Teamsters in the Central Region, South and the Carolinas have won record pension increases of up to $1,000/month.

The IBT-UPS Pension Plan covers Teamsters in 22 states. It is the biggest pension plan covering full-time UPS Teamsters, but for years members in it have gotten the lowest benefits of all major Teamster pension funds.

By standing together and standing up to UPS, members have won record pension increases.

Yellow Teamsters Brace for Company Shutdown

In a memo, Teamsters Freight Director John A. Murphy wrote that “Yellow appears to be headed to a complete shutdown within the next few days.” It is a sad day for Yellow Teamsters who built a once-proud company and our union. 

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