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Save Our Pensions

July 12, 2007: In June ABF CEO Bob Davidson circulated a letter to all Teamster employees saying that members should dump their Teamster pensions for a company 401(k). The letter is supposed to be a sales job for the company’s effort to break out of our Teamster pension plans. Instead, it reveals that it would be a disaster for our union to let employers like ABF and UPS to take this course. An 18-year Teamster...

Pension Rights Center: Pension Bill Introduced in Senate

June 28, 2007: At a press conference today, Senator Tom Harkin (D-Iowa) introduced the Restoring Pension Promises to Workers Act of 2007, which contains a number of provisions “to help ensure Americans’ pensions will be there for them when they retire.” For one, the bill would create an Office of Participant Advocacy, which would be a resource for people who are affected by shortcomings in the laws. The bill also includes a provision that would...

Pensions Dominate Teamsters’ Talks with UPS, Freight Carriers

June 26, 2007: Logistics Management says there is good news for shippers in our union's current round of bargaining with UPS, and in the upcoming NMFA negotiations. "There is scant chance of a national strike as happened 10 years ago when Teamsters walked out against UPS and when they struck the LTL sector in 1994." The article notes that Ken Hall is "seriously considering" UPS management's proposal to split up the Central States Pension. "That’s...

Traffic World: Playing the Freight Card

June 18, 2007: By John Gallagher, for Traffic World - Pension benefits are in play as never before in the current round of negotiations between UPS and the International Brotherhood of Teamsters, and the future of LTL giants YRC Worldwide and Arkansas Best - as well as UPS's own freight division - may hang in the balance. When the $48 billion parcel giant inked its last deal for 230,000 union drivers in 2002, it had...

UPS Moves To Break Up Central States Fund

June 8, 2007: UPS management has put a dangerous proposal on the table: to pull UPS Teamsters out of the Central States Pension Fund, the plan that covers 42,000 full-timers in 25 states. Under the law, UPS would have to pay $4 billion in withdrawal liability to the Central States to break out of the fund—a penalty management is happy to pay because they can make it up over time by reducing future benefit costs....
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Recent News

Local Officers to Review YRCW Contract on April 10

Hoffa and Freight Director Ernie Soehl have summoned Local officers and agents representing Teamsters at YRC, Holland and New Penn to attend a meeting in Chicago on Wednesday, April 10.

Teamster Financial Reports Now Available

The 2018 financial reports on Teamster locals, joint councils, and the International Union are now available, or will become available by March 31. Here is the International union LM-2 financial report.

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