Pensions & Benefits


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Speaking Out Against Pension Cuts

February 4, 2015: Teamster members are making their voices heard about the threats to our pensions.  John Raffiani is sick about what may happen to his Central States Pension but that’s not holding him back from doing something about it. He contacted a reporter at the Albany Times Union and made sure the pension cuts story made headlines in his city. Check out the coverage in the Albany Times Union. The pension cuts story needs...

Central States Pension Financial Update

February 3, 2015: A review of the 3rd quarter 2014 financial report of the Central States Pension Fund shows that the fund has $18 billion as of September 30, 2014. The information is detailed in the quarterly Financial and Analytical Report and the Independent Special Counsel Report.  Compared to the previous year, the fund saw a net investment income decline of $1.2 billion but it was offset slightly by a $94 million net increase in operating...

Retirements reduced by the stroke of a pen in D.C.

Rick Karlin Albany Times Union February 02, 2015 View the original piece Anyone who thinks that congressional votes, federal regulations and the machinations of Wall Street have no bearing on their day-to-day lives should talk to John Raffiani Sr. The Greene County resident is getting a hard lesson in what could be called the downside of deregulation, the decline of unions and the lingering effects of the 2008 recession. He's one of at least 50...

Pension Justice Campaign Is on the Move

January 30, 2015: TDU's Pension Justice Campaign is on the move. Our voices are getting into the media and Teamster members and retirees are organizing to fight cuts and protect our pensions. The Atlanta Journal Constitution featured leaders of the Local 728 Retirees Club who are fighting the pension cuts.  “We worked all our lives to earn a decent pension,” said Waymon Stroud, 61, who retired four years ago from Yellow Freight and is now president...

New Law Could Mean Benefit Cuts For Retirees

Mark Miller Wealth Management January 24, 2015 View the original piece If you weren’t paying close attention to happenings in our nation’s capital around the holiday season - and who could blame you - this might have slipped your notice: Important pension reforms were signed into law that will have dramatic impact on retirement for 10 million Americans. Buried deep in the $1.1 trillion "Cromnibus" spending bill signed last month by President Obama, the reforms...
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