Teamsters

North America's Strongest Union

Teamsters Call on Joint Select Committee to Move Quickly to Solve Pension Crisis

(WASHINGTON) – Following today’s announcement of the final members of Congress that will serve on the bipartisan, House-Senate Joint Select Committee on Solvency of Multiemployer Pension Plans tasked with finding a solution to the nation’s looming pension crisis, the Teamsters Union called for a commitment by the legislators to report a bill as soon as possible, and not wait until the November deadline.

 

Hoffa: Senate’s Failure to Address DACA Leaves Lives of Thousands of Kids in Limbo

(WASHINGTON) – The following is a statement from Teamsters General President Jim Hoffa about the Senate’s failure yesterday to approve legislation that would have created a pathway to citizenship for as many as 1.8 million “Dreamers” brought to the U.S. by their parents as children who face the threat of deportation next month if Congress doesn’t act.

Teamsters Support Creation of Bipartisan House-Senate Committee to Solve Pension Crisis

(WASHINGTON) – The Teamsters Union applauds today’s announcement of the formation of a bipartisan, House-Senate Joint Select Committee to find a solution to the nation’s growing pension crisis which could threaten the retirement security of as many as 1.5 million active and retired workers. Sen. Sherrod Brown (D-OH) secured the formation of the committee as part of the budget compromise announced today.

They thought they were the lucky ones — truck drivers and warehouse workers who counted themselves among the dwindling number of Americans still guaranteed a private pension.

But that promise of a monthly check, once considered ironclad, is now in doubt for more than a million retirees and older workers nationwide, including tens of thousands in Massachusetts and neighboring states. Their underfunded pension plans are creeping toward insolvency, putting benefits they earned over the course of a career at risk of being cut or even eliminated.

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