Third Quarter Financials: Central States Pension Bleeding - Congress Must Act to Protect Pensions!
The 2018 third quarter Financial and Analytical Report on the Central States Pension Fund shows that the Fund continues to bleed money, underscoring the importance of Congressional action this year to protect the pensions of millions of working families.
Read moreWestern Pennsylvania Pension Fund Applies for Benefit Cuts
The Western Pennsylvania Teamsters and Employers Pension Fund, headquartered in Pittsburgh, applied for permission to reduce benefits to remain solvent, which could cut the pensions of thousands of Teamsters.
Read moreCentral States Pension: Latest Financial Report
The Central States Pension Fund ended the first quarter of 2018 with assets of $14.8 billion, a loss of $172 million for the quarter ending March 31, 2018. However, the loss would have been much worse except for a one-time payment of $467 million by the Kroger Corporation; this was a lump sum payment to pull all Kroger and some Kroger-contractor employees out of the pension fund permanently.
Read more“Fix it! Fix it” Thousands Rally to Save Pensions
Thousands of unionists, most of them Mineworkers and Teamsters, but also workers from other unions and groups, rallied under a hot sun outside the Ohio State Capitol in Columbus on July 12 to demand that Congress take action to save workers’ earned pensions.
Read moreGiant Rally for Pension Protection
Some 10,000 union members, led by mine workers, Teamster retirees, and pension advocates rally in Columbus to urge passage of the Butch Lewis Act to protect hard-earned pensions. Speakers are calling on Congress to “do the right thing” to safeguard pensions for millions who did honest work, earned a pension, and could lose it due to no fault of their own.
Read moreSave Our Pensions Rally July 12 in Columbus, Ohio
Car caravans and busloads of active and retired Teamsters, Mineworkers and a range of allies will converge on Columbus, Ohio for a rally Thursday, July 12. Thousands are being mobilized by the pension action committees of the National United Committee to Protect Pensions.
Read moreCongressional Report on Central States: Retirees Need Help
The long-awaited Congressional Government Accountability Office (GAO) report on the Central States Pension Fund is out, and provides detailed background facts which support what TDU and the pension protection movement are saying.
Read moreCentral States to Host Conference Call Wednesday
Central States participants – both retirees and active Teamsters – have been invited to a conference call – Voices for Pension Security – to be held Wednesday, May 2 at 7:30 pm Eastern, 6:30 pm Central, and 5:30 pm Mountain. The call-in number is 877-229-8493 and the access code is 114828.
Read moreCentral States Fund Ended 2017 with $15.0 Billion
The year-end Central States Pension Fund financial report has been obtained by Teamsters for a Democratic Union (TDU), and shows that the Fund ended 2017 with $15.0 billion in assets. This is down from $15.27 billion one year earlier; the loss of $267 million during 2017 was modest, due to the run-up in the stock market.
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