Pensions & Benefits


Related Articles

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...

It’s time to fight back

"I hauled cars out of Selkirk, New York for 31 years. I worked for a number of different companies – Automobile Transport, Nu-Car Carriers, Anchor Motor Freight, M&G Convoy, Leaseway, Ryder and finally, Allied. I retired in 2002. I worked extremely hard in 35 below zero weather and 110 degrees in the shade. I went through lay offs, mergers, loss of seniority, company closings and now they want to cut my pension. That just isn’t...

TeamCare Report: Flush with Money

January 13, 2015: The Central States Health and Welfare Fund (TeamCare) is flush with money, as Hoffa and Hall make excuses for benefit cuts that UPS Teamsters and retirees have suffered. The latest (2nd quarter 2014) TeamCare Financial and Analytical Report shows that its reserves continued to grow at an annual rate of $326 million per year during the first half of 2014.  The report notes that UPS paid a lump sum of $1.713 billion to...

Central States Pension Financial Update

January 13, 2015: A review of the 2nd quarter 2014 financial report of the Central States Pension Fund shows that the fund had $18.7 billion as of July 1, 2014. The fund made big investment returns in the first six months of last year, netting slightly over $1 billion, as the stock market moved up. This allowed the fund to tread water: the $1 billion was just enough, along with $400 million in employer contributions...

Teamsters and Retirees Demand Justice

January 9, 2015: Teamsters and retirees from across the Central States Fund and other pension funds are organizing to protect our pensions. Central States was built with pension contributions earned by our blood and sweat. We demand accountability and justice from the Trustees and from Hoffa. The buck stops with our General President.   The Buck Stops with Hoffa Teamster officials have 50 percent of the votes in every pension plan. Hoffa should demand that the Teamster-appointed trustees Vote No on pension...
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Recent News

Highlights from the 2022-2026 Tentative DHL National Agreement

The International Union has published highlights for the 2022-2026 Tentative DHL National Agreement covering 3500 Teamsters. The IBT writes that the tentative agreement “is the most financially lucrative agreement in the history of the National Master and provides significant gains for the members,” and that it contains no givebacks or concessions.

Yellow Change of Operations: Bidding Opens in the West

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