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Stop Congress from Cutting Retirees' Hard Earned Pensions

November 18, 2014
November 18, 2014: Unless we act now, Congress may end up cutting a legislative deal by year’s-end to allow pension plan trustees to slash the already-earned benefits of retirees as a purported way of saving deeply-troubled multiemployer plans. This would be a radical departure from the federal pension law and it would wipe out the anti-cutback rule which states unequivocally that once a retiree starts receiving a pension – it cannot be taken away unless...

TeamCare Sticks with Healthcare Cuts

October 24, 2014
October 24, 2014: The new Health Plan covering UPS Teamsters in the Southwest and New Jersey Local 177 is improving health benefits. Why won’t TeamCare? Over the past two weeks, UPS Teamsters in most of the West and in New Jersey Local 177 got some good news in the mail: their health and welfare fund is improving benefits.  The modifications to the plan reduce emergency room co-pays, improve dental and optical coverage, and make other...

105 years old, still drawing a pension

October 22, 2014
Barry B. Burr Pensions & Investments October 22, 2014 View the original piece She is more than 105 years old and still collecting pension benefits from the Teamsters Central States, Southeast & Southwest Conferences Pension Fund. The Rosemont, Ill.-based Central States fund, which had $18.7 billion in assets as of Dec. 31, has been paying a pension to her for 41 years. Click here to read more.  

Full-Time Jobs Giveaway Hurts Our Pensions

September 25, 2014
Teamster pension funds are paying the price for full-time job elimination. September 25, 2014: More ground deliveries should mean more full-time jobs—and more participants in Teamster pension funds. But a review of pension data shows what’s happening is just the opposite. As ground volume has grown in recent years, the number of full-time jobs has fallen. The IBT-UPS Pension Fund covers 45,000 UPS Teamsters in the Central Region and South. It’s the largest Pension Fund in the country that covers only UPS full-timers—making it a good...

Central States Extends YRC’s $100M Debt till 2019

August 15, 2014
August 15, 2014: The Central States Pension Fund has given YRCW an extension until 2019 to repay $109 million that YRC owes the pension fund. This was revealed in a filing with the Securities and Exchange Commission and in the 2014 First Quarter Report filed by the Independent Special Counsel on July 30. That report, along with the Financial and Analytical Report obtained by TDU, indicates that the fund’s assets fell from $18.7 billion to...
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