Pensions & Benefits


Related Articles

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...

Central States Spin

May 4, 2005: Members of Local 407 received the letter below from their local. It’s a short summary of information provided to the local by the Central States Pension Fund. From the letter, its clear that the CSF is still spinning the numbers—if the fund’s financial situation is improving, isn’t it time to improve Teamster retirees’ financial situation? Of course spun information is better than none at all. Thanks to member pressure over the last...

New England Fund Reverses Some Cuts

April 29, 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...

Official Testifies that IBT Approved Mid-Contract Concession in New England

February 17, 2005: Boston Local 25 President Ritchie Reardon told Joint Council 10 that the IBT Parcel Division approved a mid-contract giveback to UPS that violates language in the New England supplement. Reardon’s statement was part of his testimony in a hearing on internal union charges over the concession. The testimony marks the first time that anyone has put on the record that the IBT approved the contract concession. Reardon said the approval was not...
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Statement on Charlottesville

The events in Charlottesville have aroused the conscience of our country and the world. TDU condemns the racism and violence of white supremacists, neo-Nazis and the KKK, today and everyday. We stand in solidarity with the victims of the violence and their families. We are more determined than ever to fight racism by uniting all Teamsters for social and economic justice. Solidarity trumps hate.

Hoffa Refuses to Hold Executive Board Meetings

Teamster members elected a full General Executive Board last November. Now Hoffa refuses to hold regular meetings claiming that “past practice” dictates that he’s not required to hold GEB meetings. This is in direct violation of the Teamster Constitution, which specifically requires that the Board meet once in every quarter.

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