Pensions & Benefits


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Time for Action to Save our Pensions

November 21, 2013: Growing opposition to a proposal to allow multi-employer pension plans to slash already-earned benefits has forced a delay in its introduction into Congress. That opposition needs to grow stronger, into a grassroots movement to save our pensions and develop a positive alternative plan to the cuts. A bill was scheduled to be introduced in the US House of Representatives over a month ago to allow "deeply troubled" pension funds—such as the Central...

Retired union workers facing 'unprecedented' pension cuts

Melanie Hicken CNN Money November 19, 2013 View the original piece Hundreds of thousands of reitred union workers are facing pension cuts that could slash their monthly payments in half or even more. The proposed cuts are part of a desperate effort to head off insolvency at multiemployer pension plans, pensions that typically provide benefits for workers at several companies. It's an unconventional move: Pension law has long maintained that cutting the benefits of those...

Union and retiree pressure mounting against multiemployer pension fund reform

Hazel Bradford Pensions and Investments October 29, 2013 View the original piece A package of reform proposals to help the most troubled multiemployer pension funds is running into more opposition from some union and retiree advocates.   At a hearing held Tuesday by the House Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions to consider possible legislation, members of the Retirement Security Review Commission discussed their reform proposals, which would allow for...

Opposition Grows to Bill to Allow Pension Cuts

UPDATED October 29, 2013: Opposition to the proposal to amend pension law to allow retirees' pensions to be cut is growing and gaining force to slow down this train wreck and allow consideration of other options. As reported in Pension and Investments, the growing opposition was in evidence at a Congressional hearing held on the proposal today. Click here to watch a video of the testimonies. Click here to tell your Senators and Congressional Representatives to...

Defending Union Health Benefits

October 17, 2013: Hoffa and Hall have lied to members about our contracts and healthcare. But in the fight to protect our benefits, we shouldn't turn against union health plans. Given all of Hoffa-Hall's lies about Teamster contracts, it's no wonder that many members don't trust the union to run our health plan. But in the fight to protect our benefits, we shouldn't turn on union health plans. The fact is union health plans work....
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Recent News

UPS Teamsters Win $1.29 Million Wage Theft Lawsuit

UPS Teamsters in metro New York have won a $1.29 million class action lawsuit settlement against UPS for illegally deducting money from employees’ paychecks and giving it to United Way. 

“This was a union member-led fight. They blew the whistle, filed a class action lawsuit, and won,” said Teamsters Local 804 President Vinnie Perrone.

Central States Financials -- Help is on the Way

As of June 30, 2021, the Central States Pension Fund had $9.3 billion in assets, which is down $1.1 billion from the beginning of 2021. This information is from the Fund’s Financial and Analytical Report for the second quarter, which was just obtained by Teamsters for a Democratic Union.

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