Workers’ pensions are being endangered by both Congress and those charged with overseeing them. The Teamsters and our members are standing united to say “No!” to cuts and “Yes!” to greater retirement security!
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A congressional joint committee is ready to tackle pension reform. It's not a moment to soon. And the vehicle to do so is the Butch Lewis Act.
(WASHINGTON) – Today, the members of the Joint Select Committee on Solvency of Multiemployer Pension Plans convened for its initial meeting, pledging to work together to find a bipartisan solution to the pension crisis.
Teamsters President Jim Hoffa sat down today with Sen. Bernie Sanders (I-VT) to discuss the top issues facing the union including the looming pension crisis, trade and the threat that the Supreme Court case of Janus vs. AFSCME poses to public employees across the nation.
(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.
WASHINGTON — The sprawling agreement to boost government spendingreached by Republicans and Democrats this month quietly included a step toward defusing what could be a financial time bomb for 1.5 million retirees and hundreds of companies in the industrial Midwest and the South.
The North Carolina Senate gave unanimous approval on Feb. 9, 2018, to Senate Resolution 709, a resolution approving the appointment of Vernon Gammon to the Board of Trustees of the North Carolina Teachers' and State Employees' Retirement System. Gammon was nominated to the post by Gov. Roy Cooper in May 2017.
(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.