On behalf of the 1.2 million active and retired members of the United Steelworkers Union (USW), I urge you to oppose last minute legislation added to year-end spending legislation which will dramatically reform the multi-employer pension system and cut benefits to existing retirees.
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
December 5, 2014: Retired Teamster Mike Walden wrote a letter to Congress regarding the move to quietly tack an amendment on the government spending bill which would allow pension funds to cut the pensions of workers already in retirement.
When people are old, should governments guarantee they have incomes?
December 4, 2014: It is urgent that Teamster President Hoffa make a strong statement to all Senators and Congresspersons to defend Teamster pensions under attack.
December 4, 2014: Congress is nearing a vote on arguably the biggest change to private pension law in decades.
Congress could soon allow the benefits of current retirees to be cut as part of an agreement to address the fiscal distress confronting some of the nation’s 1,400 multi-employer pension plans.
Congress is nearing a vote on arguably the biggest change to private pension law in decades.
December 3, 2014: Behind closed doors, a handful of Congressional representatives are planning to pass a major change to federal pension law, by making a last-minute amendment to the omnibus budget bill which Congress must pass by December 11 to avoid a shutdown.
Here’s what’s really being missed in most snapshot explanations of Detroit’s bankruptcy: the unprecedented hit being taken by retirees who believed that, after working throughout their lives, they would be secure in their old age.
Coverage of the midterm elections has, understandably, focused on the shift in political power from Democrats toward Republicans. But behind the scenes, another major story has been playing out. Wall Street spent upwards of $300M to influence the election results. And a key part of its agenda has been a plan to move more and more of the $3 trillion dollars in unguarded government pension funds into privately managed, high-fee investments — a shift that may well constitute the biggest financial story of our generation that you’ve never heard of.