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CSPIC Members Lobby Congress About Pension Bill

August 25, 2005
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
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
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
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 05, 2005
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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UPS Proposes 70-Hour Work Week

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Teamsters United reports that UPS has a contract proposal on the table that gives the company the right to force package drivers to work up to 70 hours a week anytime they deem it necessary “to avoid service disruptions.”

 

In Divided Vote, IBT Moves Ahead with Pension Threat at ABF

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(Reprinted from www.ABFTeamstersUnited.org) A divided IBT General Executive Board voted 13-9 to move ahead with the ABF ratification vote and rejected a motion to fix the pension freeze that threatens the retirement benefits of hundreds of ABF Teamsters.

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