Pensions & Benefits


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Pension Movement Fights on New Fronts

September 15, 2005: The fight for pension justice has focused on the U.S. Congress in recent weeks, as Teamsters have organized to support legislation that helps Teamster funds, and to oppose a dangerous amendment that endangers our benefits.Teamster members are starting to get results. On Sept. 8, the Senate Health, Education, Labor and Pensions (HELP) Committee passed a pension bill which did not include the anti-worker “Red Zone Amendment” that would allow certain plans to...

Pension Reform Debate Leaves Out Families, Future of Pension System

August 28, 2005: The current debate in Congress over pension “reform” tends to leave out the most important issues: protection of pension benefits for families, and protection of our pension system into the future. Instead the debate is focused too narrowly on cutting benefits and allowing corporations to eliminate defined benefit plans—plans that have been crucial to eliminating old-age poverty in the U.S. Two experts who testified earlier this year in Congress addressed these broader...

Uproar Wins Changes to Pension Cuts in New England

August 28, 2005: The recently announced pension cuts in New England went over like a Yankees victory in Fenway Park. The angry uproar by members and local officers has pressured the New England Pension Fund Trustees to reverse two of their most unfair pension cuts announced in July. The new is not all good. The restrictions on 25-and-out and 30-and-out pensions before age 57 remain in place. New England Teamsters who did not have enough...

CSPIC Members Lobby Congress About Pension Bill

August 28, 2005: TDU member Frank Bryant wrote to tell us, “As you advised in your article ‘Taking Action to Protect Your Pension’ in the July/August issue of Convoy Dispatch, a group of my Rank and File brothers and sisters decided to do just that: to take action to protect our pensions.” On Aug. 25 a delegation of Teamster members traveled to Washington, D.C. to meet with congressional aides about pending pension legislation. The delegation...

Pension Cuts Hit New England

July 27, 2005: The Union Trustees on the New England Teamsters Pension Fund have agreed to new pension restrictions—including eliminating 25-and-out and 30-and-out pensions before age 57. The cuts are coming just as news of the fund’s strong financial performance is hitting members’ homes. The Fund just mailed its summary annual report to members this week, in which it reported that Fund assets grew by more than $121.5 million in the last fiscal year. Members...
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UPS Freight: An insulting “final offer”

The IBT is serving up an insulting “last best and final” offer from UPS Freight for a vote to be conducted by Local Unions on November 9-10-11 with in-person voting. The offer contains zero improvements in the wage proposal, where a five-year tiny increase would cause wages to fall far behind inflation. It offers no real improvement in the subcontracting language.

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