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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

Sysco Profits Up

Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year.  Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.

9.5 List Signing Resumes for UPS Drivers

The National Master UPS contract requires eligible Regular Package Car Drivers to opt in to the 9.5 list twice a year. During the pandemic, that requirement was suspended and the 9.5 list was automatically extended. On June 5, the current 9.5 list will no longer be honored by UPS management. It’s time to re-sign. Make sure to sign up and talk to all the drivers at your center about getting signed up to protect your rights.

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