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Is Your Pension Fund In the 'Red Zone'?

May 22, 2012
May 22, 2012: In April, hundreds of thousands of Teamsters received an "Annual Funding Notice" from their Teamster pension plan. For many, the news was not good. If you are concerned about your pension, read on. For some—those in the Western Conference of Teamsters Plan—the notice stated that their fund is in the "green zone." But for the majority of others, the notice included the words "red zone" and "critical status." From some Teamsters, such...

Central States Fund: Where are the Quarterly Reports?

May 22, 2012
May 22, 2012: The Central States Pension Fund last issued a quarterly financial and analytical statement for the second quarter of 2011, which is nearly a year behind. The Independent Special Counsel to the Fund prepares these reports, and they are provided to Paul Alan Levy, counsel to TDU members and retirees who went to court to end the secrecy about this information. Teamsters for a Democratic Union makes the information available. But late last...

International Union to Increase Payments to Officer Only Fund

May 22, 2012
May 22, 2012: The amount of members' dues money that goes to an officer-only pension fund will nearly double next year to $9 million. And an even more exclusive plan, which is reserved for International officials only, is taking another $12.5 million in dues. This announcement came in the April Funding Notice of the Teamster Affiliates Pension Plan. The International Union will pay $5 million in dues money in 2012, and increase the annual payment...

Shrinking Pensions for Philly-Area UPSers

April 12, 2012
April 12, 2012: UPS Teamsters are joining together to win a better contract and stop the downward slide in our pensions. The cost of living is going up. But pensions for UPS Teamsters in the Philadelphia Fund are going down every year. UPS Teamsters who retire this year with 30 years still get a good pension: around $3,900/month. But ten years from now, a UPSer who retires with 30 years will get less than $3,200/month....

Calif Retirees Hit with Higher Costs

March 23, 2012
March 23, 2012: "I retired last year thinking I had a good Teamster pension with affordable health care. Last month the Teamster health plan jacked-up my family health payment to $975 a month."That's what Tom Booth, Local 896, who retired last year after 29+ years at the Anheuser Busch InBev brewery in Los Angeles, told us. "We paid for that early-retirement plan with deferred wages—why do that if members are not going to be able...
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