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


Central States Fund Report: $17.7 billion

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.

Hoffa Signs Deal Allowing Contractors to Leave the Central States Pension Fund

Reuters
05/25/2012

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Precision Pipeline, LLC, along with other members of the Pipe Line Contractors Association ( "PLCA"), have fully withdrawn from the Central States Southeast and Southwest Areas Pension Fund multi-employer pension plan (the "Plan"), effective November 15, 2011.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.

International Union to Increase Payments to Officer Only Fund

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.

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