June 28, 2012: The Central States Pension Fund's 2011 Financial and Analytical Reports show that the fund was down to $17.7 billion at the end of 2011.
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
June 8, 2012: The Central States Pension Fund’s 2011 Financial and Analytical Reports show that the fund was down to $17.7 billion at the end of 2011. The reports – which were received by Teamsters for a Democratic Union this week – also describe in more detail decisions regarding YRC Teamsters, and a new rule on withdrawal liability.
MasTec, Inc. (NYSE: MTZ) today announced that its wholly owned subsidiary, Precision Pipeline, LLC, along with other members of the Pipe Line Contractors Association ( "PLCA"), have fully withdrawn from the Central States Southeast and Southwest Areas Pension Fund multi-employer pension plan (the "Plan"), effective November 15, 2011. In connection with the withdrawal, MasTec will record a one-time expense of $6.4 million in the fourth quarter of 2011 based on an estimate provided by the plan.
May 22, 2012: Teamsters in the IBT-UPS plan get the lowest pensions of any UPSers in the country. The next contract is our chance to win the higher pensions we deserve.
May 22, 2012: Teamsters in the Central Region, the South and the Carolinas are uniting to make UPS deliver higher pensions.
June 22, 2012: UPS always advised drivers with the safety tip to "keep their eyes on the big picture." I've learned that's really important when it comes to our pension and retirement.
May 25, 2012: In May the Hoffa administration signed a national contract in the pipeline industry that lets all construction contractors pull out of the Central States fund.
May 22, 2012: In April, hundreds of thousands of Teamsters received an "Annual Funding Notice" from their Teamster pension plan.
May 22, 2012: The Central States Pension Fund last issued a quarterly financial and analytical statement for the second quarter of 2011, which is nearly a year behind.
May 22, 2012: The amount of members' dues money that goes to an officer-only pension fund will nearly double next year to $9 million. And an even more exclusive plan, which is reserved for International officials only, is taking another $12.5 million in dues.