Pensions & Benefits


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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...

New England Teamsters Hit with Pension Cuts

July 27, 2005: Teamsters in New England reacted angrily when the New England Pension Fund announced new benefit restrictions—including eliminating 25-and-out and 30-and-out pensions before age 57. The changes were announced on July 15, just two weeks after the fund announced that its assets grew for the second straight year. In all, the fund’s assets have grown by more than $429 million in the last two years. The pension cuts come despite James Hoffa’s promises...

Hoffa Pushes Pension Bill That Could Cut Your Benefits

July 27, 2005: On June 29, a congressional committee passed a pension bill that would endanger Teamster pensions by making it easier for multi-employer plans to cut retirement benefits. The misnamed “Pension Protection Act” contains a dangerous provision that would allow troubled pension plans to cut benefits that members have already accrued—and even cut the benefits of Teamsters who have already retired for less than one year. Under current laws, these cuts are illegal. Only...

Teamster Pension Funds Could Be Strengthened

June 6, 2005:It's no secret that United Parcel Service wants to pull all their employees out of Teamster pension funds. Like any corporation, they'd rather have unilateral control over their employees' pensions and convert them to 401(k) plans. UPS took a step forward on that plan in May with the acquisition of Overnite. Now they have 10,000 less-than-truckload freight workers who are not in any Teamster plan, and they plan to grow that number as...
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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.

Judge Jones Issues New Order on Aloise

Judge Barbara Jones has slapped the Hoffa administration, Joint Council 7 and Local 853 for defying her December 22 order suspending Rome Aloise on corruption charges. The judge issued a new order today, directing each of them to take corrective action.

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