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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(WASHINGTON) – The Teamsters Union applauds the efforts of Sen. Rob Portman (R-Ohio) to pass legislation that would guarantee thousands of retirees and workers threatened by deep cuts to their pensions a meaningful voice in deciding their own future, without the threat of the Treasury Department nullifying their decision if it judges that the insolvency of the fund would be "systemically important" by causing a liability of more than $1 billion to the Pension Benefit Guaranty Corporation (PBGC).
On Labor Day 1974, President Gerald Ford signed the Employee Retirement Income Security Act (ERISA) into law. That law, more than a decade in the making, protected trillions of dollars in earned retirement pension benefits and enacted minimum protection standards on retirement pension plans for American workers.
I am writing to urge that the Central States Pension Fund Trustees not vote to file a petition with the United States Department of Treasury seeking to cut the pensions of thousands of Teamster members and retirees who earned them.
(WASHINGTON) – Teamsters General President Jim Hoffa joined Sen. Bernie Sanders (I-Vt.), Rep. Marcy Kaptur (D-Ohio), retiree advocates and hundreds of retirees on Capitol Hill today to call on Congress to protect the earned retirement benefits of millions of American retirees and workers.
Lawmakers need to stand up for retirees and workers who worked hard and played by the rules by fighting to protect their retirement savings.
(WASHINGTON) – The International Brotherhood of Teamsters issued its support today for new legislation that will protect earned pension benefits for retirees and boost multi-employer pension plans for workers and participating employers.
The following is the official statement of Teamsters General President Jim Hoffa in response to a proposed amendment to the Senate’s budget resolution bill set to be introduced today by Sen. Bernie Sanders (I-Vt.). The language would protect the pensions of thousands of retirees of multiemployer pension plans.