Save Our Pensions Campaign

pension_and_benefits


Related Articles

In West Pension Multiplier Goes Up, But 38% Pension Cut Remains

December 5, 2006: When is an increase actually a cut? Teamsters in the Western Conference Fund are finding out the hard way. Fund trustees voted to raise the pension multiplier. But a typical Teamster will lose $100 a month off of their pension check every year that the new multiplier is in effect. Trustees of the Teamsters Western Conference Fund voted to slightly increase the pension multiplier, the number that determines the amount of pension...

Pension Cuts Hit Flagship UPS Local

December 5, 2006: Just two months into early negotiations with UPS to protect Teamster benefits, the company has cut the pensions of thousands of UPS Teamsters in New York City. Local 804 members will be hit with a 30 percent cut in their pension accrual effective Jan. 1. The cuts send a clear signal that UPS management is continuing its offensive against Teamster benefits.The largest UPS local in the East, Local 804, was the first...

TDU Will Continue to Oppose Benefit Cuts and Fight to Strengthen Teamster Benefits

December 5, 2006: While Hoffa can boast of a 65 percent winning margin overall in the IBT election, he would be well advised to look at the big groups of Teamsters who voted for a change of direction—starting with the with 175,000 Teamsters in the Central States Pension Plan (CSPF). These voters sent a strong message that we need new pension and benefit policies. Most Central States participants belong to mixed locals along with the...

Western Conference Fund: Pension Cuts Aren't Justified

October 18, 2006. At the Aug. 25 debate between Tom Leedham and Hoffa’s stand-in, Tom Keegel, a Teamster member questioned Keegel about the 60 percent pension accrual cuts in the big Western Conference Pension Plan. The member said the plan is 100 percent funded, with zero unfunded liability, and yet top Teamster officials go along with management on continuing the pension cuts. The member pointed out that Hoffa’s running mates sit on the fund board:...

Member Action Wins Greater Accountability From Central PA Fund

October 18, 2006: For years the Central Pennsylvania Teamsters Fund was plagued with questionable administration and benefits inferior to many other Teamster Funds. Fed up with this state of affairs, members formed the Central PA Reform Committee. In 2002, three members filed a lawsuit against the fund. Initially they did the legal work on their own, but then attracted experienced pension attorney Ann Curry Thompson, who enlisted Alan Sandals, another experienced pension litigator, to serve...
Get Advice Join TDU Donate

Recent News

Central States Pension: Latest Financial Report

The Central States Pension Fund ended the first quarter of 2018 with assets of $14.8 billion, a loss of $172 million for the quarter ending March 31, 2018. However, the loss would have been much worse except for a one-time payment of $467 million by the Kroger Corporation; this was a lump sum payment to pull all Kroger and some Kroger-contractor employees out of the pension fund permanently.

“Fix it! Fix it” Thousands Rally to Save Pensions

Thousands of unionists, most of them Mineworkers and Teamsters, but also workers from other unions and groups, rallied under a hot sun outside the Ohio State Capitol in Columbus on July 12 to demand that Congress take action to save workers’ earned pensions.

View More News Posts