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.
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.
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.
Pension and Benefits Newswire
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.
September 17, 2012: UPS Teamsters in New England have voted by a large margin to approve a pension change favored by the company and the pension fund.
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.
September 7, 2012: Over 10,000 UPS Teamsters in New England are set to vote on a massive change in the structure of their pension plan.
September 5, 2012: The 2012 first quarter financial report from the Central States Pension Fund has finally issued, and is available only on this website.
United Parcel Service Inc., Atlanta, expects to pay $1.2 billion in withdrawal liability from the $2.6 billion New England Teamsters & Trucking Industry Pension Fund, according to a UPS statement.
August 22, 2012: It's an ugly question, but one that has to be faced. And then our union needs to take action to deal with the problem, to prevent it from happening.
H.R. 4348, the Moving Ahead for Progress in the 21st Century (MAP-21) Act, was signed into law on July 6, 2012. Although the Act is primarily known for authorizing funding for the nation’s highways and for extending low interest rates for federal student loans, it also includes a package of pension provisions, which were largely included in the bill as revenue-raisers.
Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin, D-Iowa, unveiled two proposals Friday to address what he calls “disappearing pensions,” including a new type of private retirement system offering universal coverage through automatic payroll deductions with professional money management.