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Healthcare Reform and You

July 11, 2012: Now that the controversial Affordable Care Act has been upheld by the Supreme Court, many Teamster members are asking how the law will affect their benefits. What happens to my benefits? Will they be taxed?  Will my taxes go up? In this Q&A, TDU provides just the facts and the answers to common questions about what the new law will mean for your health benefits.Question: How will the Affordable Care Act affect...

Pensions Under Attack: Rail Workers Deserve Protection

June 28, 2012: Corporations have targeted workers' pensions for elimination. Teamsters, teachers, fire fighters, Verizon workers and more are in this fight together. Now add rail workers to that list, including 65,000 Teamsters. Incredibly, their pensions are under attack even though their plan is well-funded, and it costs zero tax dollars. And they are not covered by social security. It's under attack in Congress, with Paul Ryan (R-Wisc) as the point man. Since it would...

Central States Fund Report: $17.7 Billion

June 28, 2012: The Central States Pension Fund's 2011 Financial and Analytical Reports show that the fund was down to $17.7 billion at the end of 2011. Fund assets dipped from $19.9 billion at the start of 2011, to $17.7 at the end of the year. The fund made zero on investments during the year; in fact there was a loss of .28%, attributed to poor stock market performance. The reports—which were received by Teamsters...

Central States Fund Report: $17.7 billion

June 8, 2012: The Central States Pension Fund’s 2011 Financial and Analytical Reports show that the fund was down to $17.7 billion at the end of 2011. The reports – which were received by Teamsters for a Democratic Union this week – also describe in more detail decisions regarding YRC Teamsters, and a new rule on withdrawal liability. Fund assets dipped from $19.9 billion at the start of 2011, to $17.7 at the end of...

Hoffa Signs Deal Allowing Contractors to Leave the Central States Pension Fund

MasTec, Inc. Reuters May 25, 2012 View the original piece MasTec, Inc. (NYSE: MTZ) today announced that its wholly owned subsidiary, Precision Pipeline, LLC, along with other members of the Pipe Line Contractors Association ( "PLCA"), have fully withdrawn from the Central States Southeast and Southwest Areas Pension Fund multi-employer pension plan (the "Plan"), effective November 15, 2011. In connection with the withdrawal, MasTec will record a one-time expense of $6.4 million in the fourth quarter of 2011...
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