pension_and_benefits
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The Western Pennsylvania Teamsters and Employers Pension Fund, headquartered in Pittsburgh, applied for permission to reduce benefits to remain solvent, which could cut the pensions of thousands of Teamsters.
Local 705, representing over 10,000 UPS Teamsters in the Chicago area, continues to demand a contract with UPS which does not have concessions, and which makes gains for part-timers and retirees. It is possible that the union could give a 30-day notice to the company to cancel the contract extension, which would cause an open contract—and potential strike—in early December.