Pensions & Benefits


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Will We Make UPS Deliver Pension Improvements?

May 9, 2007: Ken Hall has promised that the UPS contract will improve pensions and send a message to all employers that our union won’t stand for pension and benefit cuts. “Pensions are the number one issue for our members. We’re going to focus on improving their pension. Because after all, it’s the members that drive these negotiations, it’s their issues and that’s what we’re going to be guided by.” - Ken Hall, IBT Parcel...

Central States: Restoring Early Retirement

May 9, 2007: Teamsters in the Central States were told that the 2002 “Best Contract Ever” would protect our benefits for the life of the contract. Instead that agreement gutted early retirement in the Central States by slashing the pension accrual rate in half and raising the cost of retiree healthcare to as high as $1,200 a month. If we’re going to give UPS an early deal, we need to restore benefits that we’ve lost....

Western Conference: Will Record Contributions Win Back Our Pensions?

May 9, 2007: Hundreds of thousands of Teamsters covered by the Western Plan are still facing a nearly 40 percent pension cut even though the fund is 100 percent funded. The Western Fund will be even more flush after the UPS agreement. UPS will be required to increase its contributions by at least eight percent a year in Central States, and the West will get the same. By the end of the agreement, UPS will...

The Time Is Right to Win Pension Improvements

April 2, 2007: Since 2003, our Teamster benefits have been under attack. But the coming year gives our union the opportunity to take the offensive. Our pension funds’ assets are already way up due to recent strong investment returns. This opens the door to benefit gains if our union can win sufficient increases in benefit contributions in the 2008 UPS and freight contracts. These contracts are sure to set records for benefit contributions, in part...

Three Demands That Can Help Defeat the Cuts

April 2, 2007: UPS’s $4 billion profits and new pension fund rules mean the company will pay record contributions toward our benefits in the 2008 contract. But our union has other bargaining demands that are just as critical if we’re going to beat the pension cuts and win better benefits. Include All UPS Part-Timers in Teamster Pension Funds Part-timers are already included in Teamster plans, including two of our strongest funds, the West and Upstate...
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Local Officers To Review UPS/UPSF Contracts on Aug 9

The proposed contract deals at UPS and UPS Freight will be reviewed by local officers at the Two-Person meetings in Chicago on Thursday, August 9.

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