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...

January 8, 2015: Congress approved pension cut legislation in a sneak attack amendment to the budget bill. The fight to protect Teamster pensions is on. Teamsters and retirees are joining the Pension Justice Campaign.   Congress approved pension cut legislation in a sneak attack amendment to the budget bill.   The legislation guts federal pension protections and paves the way for pension cuts in the Central States Pension Fund and very possibly some other Teamster funds.   For 30 years, the anti-cutback rule has made it...

January 8, 2015: The lame duck Congress attached pension cut legislation to the end-of-year spending bill that will pave the way for the worst pension cuts in Teamster history. Leave it to UPS to find a way to make billions off this disaster.   UPS lobbyists fought for and won a special interest loophole that shifts $2 billion in the company’s pension responsibilities onto the backs of Teamster retirees in the Central States.   These retirees will now face even bigger pension cuts as...