Davey Grubbs, a retired Teamster and long-time advocate to protect union pensions, has been appointed to the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC).

The 2022 year-end report of the Independent Special Counsel of the Central States Pension Fund reflects the huge change in the Fund’s standing. It ended the year with net assets of $41.5 billion dollars and nearly full-funding.

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.