Pensions & Benefits


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“GROW” Act: A Threat to Workers’ Pensions

A new threat to retirees and workers’ pensions was introduced in Congress last month: the misnamed “Give Retirement Options to Workers” Act. It does not give options to workers, but it could shift risk and uncertainty to some workers, and undermine stable pensions.

Central States Fund Quarterly Report: $15.1 Billion

The financial report obtained by Teamsters for a Democratic Union for the Central States Pension Fund indicates that the fund had $15.1 billion in assets as of September 30, 2017. This is down from $15.3 billion at the start of 2017.

Budget Bill May Include Provision for a Bi-Partisan Committee on Pension Crisis

The Senate version of the budget bill has a provision to establish a House-Senate Joint Select Committee to propose a solution to the pension crisis for consideration by Congress in December. Senator Sherrod Brown (D-Ohio) who has been a strong supporter of the pension protection movement, announced it was the best he could do.

Fight to Save Pensions Provides Important Lessons

Over the past four years, thousands of retired and active Teamsters have waged the battle to secure their retirement security. For most who got involved in the campaign, it started with the direct threat to their livelihood but morphed into a can-do attitude. As Teamsters, they knew they had to fight to have any chance of protecting the pension benefits that had already been earned. As Butch Lewis once said, “A promise, is a promise, is a promise.”

Save Our Pensions = Call Congress

Friday, January 19 marks the key date in the fight to save our pensions. Congress plans to vote on a budget spending bill, and the pension protection movement is lobbying to get the Butch Lewis Act attached to that legislation. This gives us a chance to achieve the goal of securing retirement security for Teamsters and other workers.

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Recent News

Federal Judge Slaps Down Hoffa-Hancock Trusteeship

Chicago Local 786 members scored a victory for Teamster democracy today when a federal judge issued an injunction to end the trusteeship of their local and restore the elected leaders to office, effective immediately.

Hoffa and Vairma Vote to Green Light Corruption

In a critical test of whether our union leaders can root out corrupt officials who abuse their positions, a narrow majority on the IBT General Executive Board (GEB) voted 12-11 to give a pass to corrupt Teamster power broker Rome Aloise.

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