About 65,000 UPSers in the 22 states covered by the IBT-UPS Pension Plan get substandard pensions. Upcoming contract negotiations are a chance to do something about it.

Grassroots organizing to save workers’ pensions is literally paying off. The Road Carriers Local 707 Pension Plan received $725.6 million from the Pension Benefit Guaranty Corporation (PBGC) on February 17, and will start repaying retirees right away to restore their cut pensions.

The Central States Pension Plan’s assets fell to $8.8 billion by the end of the third quarter of 2021, according to the fund’s Financial and Analytical Report. As of April 1, the Fund will be able to apply to receive billions of dollars from the Pension Benefit Guaranty Corporation (PBGC) which should protect full benefits for retirees and working Teamsters at least through 2051.

As of June 30, 2021, the Central States Pension Fund had $9.3 billion in assets, which is down $1.1 billion from the beginning of 2021. This information is from the Fund’s Financial and Analytical Report for the second quarter, which was just obtained by Teamsters for a Democratic Union.

The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

The Central States Pension Fund has issued a fact sheet regarding the Yellow companies and the pension. 

What will the Butch Lewis Emergency Pension Relief Act mean for Teamster pension funds and for your pension? Get answers to Frequently Asked Questions.

Learn the story behind the pension win and get answers to your questions about how the legislation will affect Teamster pensions.

The Butch Lewis Emergency Pension Relief Act was just signed into law. Sign a Thank You message to the activists who built the movement that saved the pensions of 400,000 Teamsters and 2.5 million workers. 

From the very beginning, TDU informed us what was being planned to destroy our earned, promised pensions. Unfortunately, it wasn't our Union leadership. They were part of the plan that supported the changes to allow possible reductions.