Pension and Benefits

TDU in Action—Pension and Benefits
“TDU will support any fight launched by the International Union to defend our benefits. And we will continue to inform members so we can put pressure on the employers and on Hoffa, when necessary, to save and strengthen our benefits.”
K.W. Phillips, Roadway
Local 667, Memphis, Tenn.

Contact the TDU Pension Action Network.

Pension Workshops: Our Rights, the Benefit Cuts and How We Can Beat Them
TDU brings together concerned Teamsters and pension experts to share information and build a movement to restore our benefits and strengthen them for the future.

Click here to learn more about setting up a pension workshop in your area.

Pension and Benefits Newswire


IBT Backs Plan to Allow Some Pension Cuts

February 26, 2013: The Hoffa administration has signed on to a joint employer-union proposal to allow "deeply troubled" pension funds to slash accrued benefits, even for Teamsters who have already retired.

Hostess Maneuver Deprived Pension

The Wall Street Journal
12/10/2012

Hostess Brands Inc. said it used wages that were supposed to help fund employee pensions for the company's operations as it sank toward bankruptcy.

The "Hybrid" Withdrawal Liability Method

November 20, 2012: Under the "Hybrid" model, the Pension Fund sets up two departments: the traditional pension model and the new one with no employer liability.

Central States Fund: $17. 7 Billion

November 5, 2012: The Central States Pension Fund's mid-year financial report indicates that the fund's assets stand at $17.7 billion, just about exactly where they stood at the beginning of 2012.

Should the 401(k) Be Reformed or Replaced?

The New York Times
09/13/2012

John Greene worked for 30 years at an Oscar Mayer plant in Madison, Wis., deboning hams and loading boxes of hot dogs. His 401(k) plan grew to $60,000, and soon after retiring he began withdrawing $3,600 a year from it, money that allowed him and his wife to take what he called a wondrous two-week trip to Scotland, his ancestral homeland.

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