April 9, 2010: Baltimore Teamsters have suffered some of the worst pension cuts in the country. Turning that around won’t be easy. But members are coming together to fight for their rights. In 2008, pension trustees in the largest fund in the local, the Local 355 Fund, blindsided members and cut their pension accrual to zero, freezing their pensions. Those cuts affected members at UPS, Sysco, U.S. Foods, and many smaller employers. Earlier this year,...

April 2, 2010: Pension legislation that could help Teamsters, or hurt us, has been proposed in both the House and Senate. Our job is to get a pension bill that not only helps our pension funds, but protects 100 percent of the pension credits earned by Teamsters and other workers. All the bills are complicated and likely to be amended in the House and Senate. Teamsters should contact their Representatives and Senators with two very...

March 8, 2010: Teamsters can take a small step to protect our pensions. The International Union has started an online petition to build up support for legislation to strengthen multi-employer pension plans. Legislation has been introduced in Congress that would strengthen union benefits. Under House Bill 3936, the Pension Benefit Guaranty Corporation (PBGC) would finance the pensions of some retirees whose companies have gone out of business. In its current form, this legislation, called the...