Pensions & Benefits


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Rising Employer Contributions Mean Higher Pension

August 23, 2007: If UPS or ABF or any other corporation says they will do better than a $3,000 pension at 30 years, keep in mind that with the increased funding, that’s not hard to do. The Central States Fund is paying that now—and will be paying a lot more in a few years. A Teamster under the national contracts, or contracts with similar pension contributions, now accrues $132 per month pension for each year...

On Pension Fund Split: Your Voice is Your Vote

August 23, 2007: Sometimes, your vote is your voice. But on the issue of splitting UPS from the Central States Pension Fund, you won’t get a vote, unless you work at UPS. Because this could weaken our whole union, you should make your voice heard. Go to your September union meeting. Ask your local union officers to take a stand to defend our master contracts, and our Teamster pension plans. We want stronger pension funds...

UPS Split From Central States Would Weaken Union, Experts Say

August 20, 2007: Industry experts say that pension assets are up, but our union’s power will be down if UPS is allowed to break out of Central States. Industry experts report in this month’s Traffic World that the assets of the Central States Pension Plan are on the rise. They warn that the Teamsters Union will lose long-term power in dealing with employers if we UPS split from the fund. Traffic World is a leading...

Central States Pension Assets Up $700 Million

August 13, 2007: The assets of the Central States Pension Fund have jumped $700 million in the first six months of this year, reaching $21.4 billion, and could reach $22 billion by the end of 2007. This is according to the fund’s latest Financial and Analytical Report, obtained by Teamsters for a Democratic Union. Now is the time to restore affordable retiree health and welfare and get a timetable for improved pension benefits, in the...

Traffic World: UPS, Pension Fund Set Withdrawal Terms

August 3, 2007: by Thomas L. Gallagher, for Traffic World: UPS reached an agreement in principle with the Central States Pension Fund establishing conditions for a potential UPS withdrawal from the multi-employer pension plan. The controversial decision to remove 42,000 workers covered under the plan would set the stage for establishing a jointly administered Teamster pension plan for UPS employees. Such an agreement must first gain acceptance by the Teamsters National United Parcel Service Negotiating...
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