Pensions & Benefits


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Central States Fund Quarterly Report: $15.1 Billion

The financial report obtained by Teamsters for a Democratic Union for the Central States Pension Fund indicates that the fund had $15.1 billion in assets as of September 30, 2017. This is down from $15.3 billion at the start of 2017.

Budget Bill May Include Provision for a Bi-Partisan Committee on Pension Crisis

The Senate version of the budget bill has a provision to establish a House-Senate Joint Select Committee to propose a solution to the pension crisis for consideration by Congress in December. Senator Sherrod Brown (D-Ohio) who has been a strong supporter of the pension protection movement, announced it was the best he could do.

Fight to Save Pensions Provides Important Lessons

Over the past four years, thousands of retired and active Teamsters have waged the battle to secure their retirement security. For most who got involved in the campaign, it started with the direct threat to their livelihood but morphed into a can-do attitude. As Teamsters, they knew they had to fight to have any chance of protecting the pension benefits that had already been earned. As Butch Lewis once said, “A promise, is a promise, is a promise.”

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.

1,500 Kroger Teamsters Exit the Central States Fund

Teamster employed at three Kroger warehouses and two dairies have been removed from the Central States Fund, in an arrangement similar the removal of 44,000 UPS Teamsters in 2007.  

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Recent News

UPS Teamsters Overwhelmingly Approve New Contract, Capping Year-Long Campaign

UPDATED: UPS Teamsters culminated a year-long contract campaign by voting in record turnout to approve their new contract by 86.3 percent. The National Master Agreement is now in effect. Wage increases will be paid retroactive to August 1. Click here to read the local-by-local vote count.

Contract Fight & TA Hit UPS Right in the Profits

UPS delayed its earnings announcement until after the Teamster strike deadline. Today, the results are in and the takeaway is clear. Our strike threat, and the costly tentative agreement, have taken a bite out of UPS’s profits.

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