Pensions & Benefits


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A Winning Strategy to Save Pensions

Over the past three years, the Teamster pension protection movement has done a tremendous job: this grassroots movement stopped the Central States from slashing pensions, caused an investigation of the fund, and built political support far and wide. But can we win real pension protection? We think we can.

Pension Rights Center Calls for Action on Proposed Senate Resolutions

The Pension Rights Center has issued a letter opposing proposed Senate resolutions that will halt millions of private sector workers from saving for retirement. Many states have passed legislation that allows for low-cost savings plans for employees who do not have access to a pension or a 401(k). The Senate resolutions would overturn a Department of Labor rule that allows cities and states to enable employers to offer low-cost savings plans. 

New England Pension Fund: Critical Status

The notice of critical status addressed to 72,000 participants in the New England Teamsters Pension Fund dropped a potential bombshell: the Fund’s Actuary certified to the Department of Labor that the plan is “critical and declining” and thus could possibly be subject to cuts for retirees and active Teamsters.

 

What is a “Hybrid” Pension Plan?

Under the "Hybrid" model, the Pension Fund sets up two departments: the traditional pension model and the new one with no employer liability.

Minnesota House Rep Stands By Teamster Pension Activists

Congressman Rick Nolan (D-MN) has invited Sherman Liimatainen, the Vice President and Treasurer of the National United Committee to Protect Pensions (NUCPP), to sit beside him when President Trump addresses Congress for the first time this evening. Nolan stated, “Make no mistake, there are powerful forces trying to do away with people’s pensions, and we will continue to fight them on every front…” 

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