Pensions & Benefits


Related Articles

Multiemployer plans untangle reforms

Hazel Bradford Pensions & Investments February 10, 2015 View the original piece Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees. Others are hoping for further reforms to allow for alternative plan designs. The Multiemployer Pension Reform Act of 2014 — passed swiftly in December — allows deeply underfunded plans to take unprecedented steps to...

Ohio Teamsters Gear Up for 2016 Election

February 5, 2015: Teamsters in Southern California held a packed meeting to build a campaign to elect new International Union leaders. Next up: Columbus and Cleveland, Ohio on Feb. 21-22. Teamsters in the Midwest have been hammered with contract concessions and the threat of pension cuts. Now members are coming together to organize for new leadership and a new direction for our union. Members are holding meetings to gear up for the International Union election...

What Pension Funds May Face Cuts Under New Law?

February 4, 2015: Could your benefits be cut under the new Pension Cut legislation? Find out here. The Center for Retirement Research at Boston College has compiled a list of 100 plans that may be permitted to cut benefits as a result of the new pension law enacted in December 2014. The Central States Pension Fund is not the only Teamster pension plan where retirees may be threatened with benefit cuts because of the new pension...

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...
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Recent News

Vairma’s About-Face on Improving Strike Benefits

The Hoffa-backed Vairma Slate opposed an OZ-Teamsters United amendment to improve strike benefits. Now they are trying to take credit for it. 

Historic Victories Within Reach This Week

TDU members have organized for decades to completely end the Two-Thirds Rule and increase rank-and-file power in contract negotiations. This week, those changes will become a reality, thanks to united action by the O’Brien-Zuckerman Teamsters United coalition.  

The Constitution Committee voted today to recommend that the IBT Convention vote to eliminate the Two-Thirds Rule, require rank-and-file members on all contract negotiating committees, and ban the International from imposing contract supplements and riders that are rejected by the members.

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