Pensions & Benefits


Related Articles

Hoffa Lies Again About ‘No Pension Cuts’

March 27, 2008: How many times have officials in the Hoffa administration sold a contract by promising—in writing—that Teamster pensions will be “maintained and possibly improved,” only to turn around and deliver pension cuts? Hundreds of thousands of Teamsters went through this routine before. Now Hoffa is at it again. In March, 8,000 DHL Teamsters received a bulletin in the mail selling a contract deal. It states: “The amount [negotiated in the deal] is sufficient...

New Jersey Local 641: Pension Act Delivers Pension Cuts

March 27, 2008: Teamsters in New Jersey Local 641 were hit with major pension and health and welfare cuts on March 10—just nine days after the Local 641 pension fund announced it was in critical status (the “Red Zone”). Effective June 1, the pension accrual will be slashed to one percent—the lowest amount allowed for plans in the Red Zone. The minimum retirement age was raised to age 57 with stiff annual reductions for pension...

Central States Fund in the Red Zone

April 18, 2008: “‘Red Zone’—Why it is better than the ‘Yellow Zone’”: That’s the surprising headline that appeared in a newsletter issued by the Central States Fund in March. Most pension funds want to stay out of the Red Zone. But Thomas Nyhan, the director of the Central States Fund, told union officials last December that he wanted to steer the fund’s documents so that it would end up in the Red Zone. Now he...

The Pension Protection Act: What It Means for You

March 27, 2008: In April, hundreds of thousands of Teamsters will be getting a report from their pension fund on its funding status. A new law, the Pension Protection Act (PPA) of 2006, requires that these reports be mailed to members that participate in pension plans that are less than 80 percent funded. Get the facts on your funding notice and what your pension plan’s funding level could mean for your benefits. What information will...

Local 804 Teamsters Prepare for Bylaws Vote on Contracts and Pensions

March 27, 2008: Teamsters in New York Local 804 will vote this month on bylaws changes that will put more pension and contract information in the hands of the membership. The first bylaws change will require the Local 804 Executive Board to include a report on the Local 804 benefit funds at every general membership meeting. For ten years, the Local 804 pension fund earned dramatically substandard investment returns—resulting in a $100 million shortfall in...
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Recent News

UPS Freight Sell-out Rejected by Members

UPS Freight Teamsters have rejected the pitiful contract negotiated by the Hoffa administration by a vote of 4,255 to 2,601. More than 62% of UPS Freight Teamsters Voted No. 

UPSers Vote No & Reject Contract

The ballots are counted and UPSers have spoken loud and clear by Voting No to reject a bad contract. The International Union announced they will return to the bargaining table with UPS.

It's up to UPSers to make sure that the negotiations are serious, and not for show. UPSers want the givebacks that caused us to Vote No to be taken off the table.

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