(WASHINGTON) – The following is a statement from Teamsters General President James P. Hoffa about the continuing resolution (CR) funding bill cleared through Congress and signed by President Obama late last week that will keep the federal government operating until April 28, 2017.
Dear Member of Congress:
Two years ago, Congress passed a funding bill that included a last-minute attachment of the Multiemployer Pension Reform Act which allowed for cuts to retirees pension benefits. The Teamsters opposed passage of the MPRA and have also worked to oppose the massive cuts to plans like Central States that the MPRA permitted. Once again, some members of Congress are trying to sneak bill language into the Continuing Resolution that harms retirees.
New proposal by lawmaker who authored the Multiemployer Pension Reform Act is a non-starter that will only lessen retirement security for thousands of workers.
(WASHINGTON) – The Teamsters are calling on the House Education & Workforce Committee to go back to the drawing board rather than move forward with newly proposed legislation that changes pension funding rules to create “composite” multiemployer plans, saying they are a bum deal for both active participants and retirees.
The pension fund representing hundreds of thousands of truck drivers and warehouse workers won’t make a second bid at overhauling one of the nation’s largest multiemployer retirement plans, according to the group’s executive director, following a Treasury Department rejection of its original turnaround plan.
Too many workers lack security when it comes to living out their golden years.
Treasury Department sides with Teamster workers, retirees. But the final verdict on pension reform is far from certain.
(WASHINGTON) – Today, the Department of Treasury announced its decision to deny the Central States, Southeast and Southwest Areas Pension Fund (CSPF) application to cut the pensions of thousands of Teamsters Union retirees. The union applauds this decision, and will continue to work with members of Congress to find a solution to the pension crisis.