New York State Teamsters Pension Fund Withdraws Application
The New York State Teamsters Conference Pension and Retirement Fund has withdrawn the MPRA application for benefit cuts as a result of concerns raised by U.S. Treasury.Read more
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.Read more
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.Read more
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.Read more
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…”Read more
Central States Third Quarter Report: $15.7 Billion Assets
The 3rd quarter 2016 Independent Special Counsel Report shows that the Central States Pension Fund had $15.7 billion in assets of as September 30, 2016. This is down $400 million since the start of 2016, but up $100 million in the third quarter, due to a good run (5.3% gain for the quarter) in stock holdings and also in bond holdings (2.3%).Read more
Missouri Pension Activists Protest "Right-to-Work"
Teamsters from the Missouri-Kansas City Committee to Protect Pensions rallied this week in Jefferson City, Missouri against "right-to-work" legislation.Read more
The Fight to Protect Pensions in New York State
The New York Times today has a feature report on the fight to stop pension cuts in the Teamster Upstate New York Pension Fund, led by brother Mark Greene, a UPS Teamster in Local 294.Read more
Pension Action Turns Back Composite Bill
Fast action by pension committees and our allies has beat-back a pension cut bill in Congress.Read more