Pensions & Benefits


Related Articles

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...

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...
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Recent News

Video & Toolkit: Make UPS Deliver Better Pensions!

UPS Teamsters in 22 states covered by the IBT-UPS Pension Plan get a lower pension than other UPS Teamsters. This contract, we can win the pensions we deserve. On Saturday, we held a webinar to launch a national effort to inform and unite affected UPSers. Watch the webinar below. Then click here to see our Contract Campaign Toolkit to Win Better Better Pensions and order leaflets, petitions, and rally signs. A volunteer will get back with you and get you the materials and any advice you need.

Central States Pension Fund 2022 Financial Report… and a Motion to End the Consent Decree

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.

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