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Multiemployer plan

Q-C Teamsters join D.C. rally against pension cuts

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More than a dozen Quad-Citians joined thousands of fellow retired Teamsters on Thursday at a rally in Washington, D.C., opposing proposed cuts to their pensions. The Treasury Department has until to decide May 7 whether to approve a plan by the Central States Pension Fund that would cut pension payments, in some cases by 50 percent and more.

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Teamsters rally in Washington to protest possible pension cuts

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Holloway-Blankenship was one of hundreds of Teamsters who rallied in front the U.S. Capitol Thursday to protest what they fear could be a decrease in their benefits if the Treasury Department approves a cut by the Teamsters’ Central State Pension Fund, under the 2014 Multiemployer Pension Reform Act.

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Akron-area Teamsters headed to Washington to protest pension cuts

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Thousands of retired Teamsters — including two busloads from the Akron area — will pressure federal lawmakers Thursday at a rally in Washington, D.C., to ward off deep pension cuts expected to start this summer.

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Rally to focus on plight of pensioners

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Denise Wheatley spent 32 years working as a clerk at Standard Forwarding, a trucking company in East Moline. Now retired, she's counting on the $2,850 monthly pension she earned on the job. In a few months, though, that could be cut in half.

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One of the nation’s largest pension funds could soon cut benefits for retirees

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More than a quarter of a million truckers, retirees and their families could soon see their pension benefits severely cut — even though their pension fund is still years away from running out of money.

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Retirees to Congress and Treasury Department: Don't cut our pensions!

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Last Thursday, more than 2,000 retirees from around the country visited Washington, D.C., to tell Congress and policymakers one thing: Don’t cut our pensions. These retired truck drivers, warehouse workers, dock workers, widows, spouses and other retired Teamsters attended a rally held at the U.S. Capitol to protest devastating pension cuts that could affect more than 270,000 people.

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MEDIA ADVISORY: Retired truck drivers, spouses and widows to rally at U.S. Capitol to protest proposed pension cuts

News Release

WASHINGTON – Tomorrow, on Thursday, April 14th from 11:00 a.m. to 1:00 p.m., thousands of retired truck drivers, spouses and widows will travel to Washington, D.C., for a rally on the West Lawn of the U.S. Capitol to urge policymakers and the Treasury Department to stop unprecedented cuts to their hard-earned pensions.

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Sign the petition! Demand that the Treasury Department Protect Retiree Pensions

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Join us by calling on the Treasury Department to reject the Central States Pension Fund's application to cut retiree pensions and to work with Congress toward a bi-partisan solution to fix underfunded multiemployer plans, while preserving pension promises to workers, retirees and their families.

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Losses under Goldman, Northern Trust accelerated Teamsters cuts

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One of America’s most battle-hardened pension funds was flying high last decade with large bets on stocks, lower-rated bonds and real estate. But even during the best of times, the Central States Pension Fund needed to draw down at least $1.2 billion a year in capital to pay for overhead and Teamsters union drivers’ benefits.

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MEDIA ADVISORY: Retirees coordinate statewide “March Madness” actions to protest unfair pension cuts

News Release

In a series of coordinated actions taking place from March 10-13, angry retired truck drivers, spouses and widows are taking to the streets in five states to protest unprecedented proposed cuts to their pensions.

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