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Winning UPS Pension Improvements

November 08, 2022

About 65,000 UPSers in the 22 states covered by the IBT-UPS Pension Plan get substandard pensions. Upcoming contract negotiations are a chance to do something about it.

New York Locals 707 and 138 Teamsters To Get Full Pensions Restored

February 18, 2022

Grassroots organizing to save workers’ pensions is literally paying off. The Road Carriers Local 707 Pension Plan received $725.6 million from the Pension Benefit Guaranty Corporation (PBGC) on February 17, and will start repaying retirees right away to restore their cut pensions.

Central States Pension Plan to Apply for Relief Funds in April

February 15, 2022

The Central States Pension Plan’s assets fell to $8.8 billion by the end of the third quarter of 2021, according to the fund’s Financial and Analytical Report. As of April 1, the Fund will be able to apply to receive billions of dollars from the Pension Benefit Guaranty Corporation (PBGC) which should protect full benefits for retirees and working Teamsters at least through 2051.

Central States Financials -- Help is on the Way

December 07, 2021

As of June 30, 2021, the Central States Pension Fund had $9.3 billion in assets, which is down $1.1 billion from the beginning of 2021. This information is from the Fund’s Financial and Analytical Report for the second quarter, which was just obtained by Teamsters for a Democratic Union.

Central States Assets Fall – But Relief is Coming!

July 28, 2021

The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

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Recent News

Organizing Win at UPS Worldport Shows Power of Credible Strike Threat

March 21, 2023

Almost 200 shuttle drivers at the UPS Worldport hub in Louisville forced their boss to recognize the union in an organizing win that demonstrates the power of a credible strike threat.

Former Local 853 Leader Dennis Hart Charged With Corruption

March 20, 2023

On February 28, the Independent Investigations Officer (IIO) of the Teamsters delivered to IBT President Sean O’Brien a comprehensive set of charges against Dennis Hart, the former head of Oakland, California, Local 853. Hart served as the place-holder and puppet for Rome Aloise when Aloise was suspended from office for two years (2018-2020) for corruption, employer pay-offs and rigging a Teamster election.

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