Dec 22, 2022 · The Biden administration promised nearly $36 billion to stabilize pension plans for Teamsters nationwide after forecasts predicted the system’s default by 2026. Union members would have seen their retirement benefits slashed by 60% if the system defaulted.

Nov 1, 2024 · Union members say the non-endorsement ignores Harris’ role in securing Teamsters’ retirement benefits and Biden’s pro-union NLRB, which has bolstered organizing efforts at Amazon. Donald Trump delivers remarks at the headquarters of the International Brotherhood of Teamsters on January 31 in Washington, DC. …

The Teamsters Pension Trust Fund was formed to provide participating employees and employers with an affordable, comprehensive and efficient retirement program. This program is meant to be an important supplement to your Social Security and other sources of …

Jul 29, 2024 · MULTI-BILLION DOLLAR APPROPRIATION GOING TO THE TEAMSTERS, THE NEW ENGLAND TEAMSTERS PENSION FUND IS GETTING A MAJOR CASH INFUSION FROM THE AMERICAN RESCUE PLAN ACT, $5.7 BILLION TO...

Jul 28, 2023 · More than 60,000 full-time UPS Teamsters in the Central Region, South and the Carolinas have won record pension increases of up to $1,000/month by standing together and standing up to UPS.

Apr 8, 2024 · The Pension Benefit Guaranty Corp. said April 8 that the Central States’ pension plan has returned the $127 million overpayment it received that erroneously counted dead retirees in the...

Dec 8, 2022 · WASHINGTON – President Joe Biden on Thursday announced a federal bailout for a pension fund largely benefiting Teamster workers and retirees, saying that cuts to those pension benefits that...

Dec 8, 2022 · When President Joe Biden directed $36 billion to a Teamsters pension fund, he said it would prevent drastic cuts in pension benefits for 350,000 union workers and retirees. U.S. Rep. Kevin...

projected that the Pension Fund would be insolvent by 2026 and unable to pay pension benefits. Over the past three years, the Pension Fund has had strong investment returns from its diversi-fied investment portfolio. For 2017, 2018 and 2019 the Pension Fund’s investment returns averaged 10.161% (net of fees). The Pension Fund also recov-

Dec 8, 2022 · President Joe Biden on Thursday announced the largest rescue package for a pension plan in U.S. history. The nearly $36 billion infusion for the Central States Pension Fund will mostly...