Pensions & Benefits


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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...

Federal Judge to Central States Trustees: Open More Info to Members!

January 28, 2005: On December 9 Judge James B Moran directed the trustees of the Teamster Central States Pension Fund to turn more documents over to participants in the fund. The decision expands an October 21 victory won by Teamster members in Locals 638, 391 and 20. Central States has now been ordered to reveal quarterly reports, along with financial and actuarial supplementary attachments, from August of 2000 up till the present, and into the...

Teamsters Find Pensions at Risk

November 15, 2004: In the 1960's and 1970's, the Teamsters' huge Central States pension fund was a wellspring of union corruption. Tens of millions of dollars were loaned to racketeers who used the money to gain control of Las Vegas casinos. Administrative jobs were awarded to favored insiders who paid themselves big fees. A former Teamster president and pension trustee was convicted of trying to bribe a United States senator. Yet for nearly half a...

Teamster Trustees Avert Pension Cuts...For Officers!

November 4, 2004: Teamster members have been pushing for trustees to protect pension benefits, and to win higher employer contributions to make up for the stock market downfall following September 11. Finally, a group of pension trustees has heeded the call. The trustees of the New Jersey Joint Council 73 Pension Fund responded to their funding shortfall by forcing contributing employers to double their contributions to avert a benefit cut. But the JC 73 Pension...
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UPSers to Vote on Proposed Deal

Officers from every UPS local met today in Chicago and approved sending the national contract out for a membership vote. A national Vote No Telephone Town Hall of UPSers and Teamster officers who oppose the contract will be held on Saturday. Registration closes at 3 pm on Friday.

UPS Freight Deal is Headed to the Members. Vote No!

Local officers met today in Chicago and approved sending the UPS Freight contract out for a vote. Now, it’s up to the members to overwhelmingly Vote No to reject this sellout.

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