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February 21, 2017

On This Day in 1834:

Responding to a 15 percent wage cut, women textile workers in Lowell, Mass., organize a “turn-out”—a strike—in protest. The action failed. Two years later they formed the Factory Girl’s Association in response to a rent hike in company boarding houses and the increase was rescinded. One worker’s diary recounts a “stirring speech” of resistance by a co-worker, 11-year-old Harriet Hanson Robinson.

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Labor Headlines

US labour news headlines from LabourStart

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Updated: Feb. 21 (09:01)

James R. Hoffa Memorial College Student Essay
Teamsters Local Union No. 677
602 Vets Committee presents TM intro
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Sanders, Warren and Wyden Headline Press Conference Marking the Day Millionaires Stop Paying into Social Security
Queens Area Local AMERICAN POSTAL WORKERS UNION AFL-CIO
Speaker offers money for Visit Florida - with conditions
IATSE Local 477
House Democrats Reintroduce Bill to Strengthen OSHA
Teamsters local 570
 
     
Those Pension Cuts and What You Need to Know
Updated On: Dec 16, 2014

Dec. 16, 2014  | AARP | Congress recently carved a hole in a 40-year-old pension law that has prevented employers from cutting benefits earned by those already retired. This change  applies to people covered under multiemployer plans that are in critical financial shape.

Here’s what you need to know:

What is a multiemployer plan? This is a pension covering workers and retirees from more than one employer in the same or related industry, such as trucking or construction. (Most of them were established under collective bargaining between a union and the employers.) There are about 1,400 multiemployer plans with 10.4 million participants. Most workers with traditional pensions are in a single-employer plan, meaning it covers workers from only one employer.

Why are lawmakers doing this? The federal Pension Benefit Guaranty Corp., which insures these pensions, says that some 10 percent of multiemployer plans – covering about 1.5 million people – are in such financial trouble that they are likely to become insolvent. PBGC estimated that its fund insuring multiemployer plans will likely run out of money in eight to 10 years unless changes are made. Some lawmakers argued that these distressed plans need the ability to cut retirees’ benefits so pensions can survive longer.

AARP and other consumer advocates argue that these pensions aren’t in immediate danger of insolvency so there is no need to rush this drastic measure without considering alternatives, such as scaling back on optional benefits in a plan or providing PBGC with greater funds and the authority to intervene earlier. Advocates also worry this move by lawmakers might someday open the door to similar pension cuts to other plans.

How do I know if my pension is in financial trouble? Under a 2006 pension law, plans are required to notify participants if they are significantly underfunded. The U.S. Department of Labor also posts a list online of plans whose status is considered “critical” or “endangered.”

Will everyone in a distressed plan experience cuts? It’s up to plan trustees to decide how much to cut benefits, though the legislation offers certain restrictions. For instance, benefits cannot be cut for retirees age 80 and older or those receiving a disability pension. And those under age 75 would see bigger cuts than retirees at ages 75 to 79, whose benefits could be slashed but not as much.

How big are the cuts? Some retirees could see their benefits cut by more than 60 percent. The Pension Rights Center, an advocacy group, provides an online calculator to figure any potential benefit loss under the legislation for those under age 75.

Do retirees or workers get any say in these cuts? Participants will get to vote on any proposed pension cuts. Yet as the Pension Rights Center points out, this right is “illusory.” A majority of all participants – all employees and retirees, not just those voting – must reject the cuts, the group says. And ballots can be sent via email, a hurdle for those without Internet access. Yet even if participants overwhelmingly reject cuts, their vote can be simply set aside if the troubled plan may jeopardize the financial health of the PBGC, the group says.

When will this take effect? The pension provisions take effect beginning in 2015.


General Membership Meetings:
Mar. 5, 2017  - Baltimore
Mar. 12, 2017  - Salisbury

10:oo am.
Please be present and on time.

Bring a coworker!

Current Campaigns
  • The ‘Let’s Get America Working!’ campaign seeks to restore a dynamic and prosperous middle class to drive economic growth by helping to advance policy decisions that create and maintain good middle-income jobs, guarantee retirement security, expand access to the American Dream, and ensure that the benefits of the ongoing economic recovery are felt by the many, not just the few.

  • We Are eXPOsing XPO’s Global Greed

    XPO Logistics is a top ten global logistics and transportation company with annual revenue of $15 billion and 89,000 employees, another 10,000 workers classified as independent contractors, and thousands more working for firms that subcontract with XPO. We are the REAL workers at XPO Logistics worldwide exposing the truth about the company’s global greed, illegal wage theft, unsafe conditions, and abhorrent and vicious anti-worker, anti-union tactics. 

    This greed includes mistreating former Con-way Freight workers in the United States who are being kept in the dark about terminal closures and layoffs, and the company’s illegal refusal to bargain contracts and denying their workers’ federally protected right to organize. It also includes port, rail and last-mile drivers around the country and in Southern California fighting wage theft in excess of $200 million because they are misclassified as independent contractors and denied the right to form their union. This greed has caused numerous lawsuits and strikes.  Greed also means an unsafe workplace and mistreating its warehouse employees.

    XPO’s greed extends to Europe beginning with breaking its promise to not layoff any workers for at least 18 months. French workers and the unions have been fighting back against XPO’s disrespect, lies and attempts to slash jobs. Similar struggles are taking place in Great Britain, Spain, Belgium, the Netherlands, and across Europe.

    Join the worldwide struggle now! Get involved with this campaign by joining the Facebook group “XPO Exposed.”

    Together, we can eXPOse the company’s global greed and win fairness, respect and dignity for tens of thousands of XPO employees around the world!

  • This webpage provides information on the Teamsters Union’s legislative advocacy at both the federal and state level as well as our field activity to support those policy positions and to get strong labor candidates elected to office.  Among other resources, you will find our federal legislative scorecard, formal statements of policy position and communications to Capitol Hill,  a weekly update on federal legislative happenings, an overview of bills we are tracking at the state level, and quick links to take action on priority issues.

  • Negotiations for the National Master Automobile Transporters Agreement (NMATA) are under way. On Wednesday, June 3, 2015 representatives from carhaul local unions met in Detroit to approve the contract proposals and the next day, Thursday, June 4, 2015 the Teamsters National Automobile Transporters Industry Negotiating Committee (TNATINC) exchanged the contract proposals with the employer group.

    The committee will work hard to protect members’ health, welfare and pension benefits, protect job security and other address other top priorities

    The National Master Automobile Transporters Agreement (NMATA) and its supplements expire on August 31, 2015. The national contract covers almost 6,000 Teamster carhaulers.

    In addition to protecting benefits and job security, other top priorities are wages, the grievance procedures and safety and health issues.

  • The IBT-Airline Division has established this page as a place to get up-to-date information about the Republic Airways Holdings (RAH) bankruptcy.  Please check here for the latest information about the bankruptcy.

  • 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!

  • The Teamsters Union represents more than 250,000 members at UPS and UPS Freight. UPS remains an active member of the American Legislative Exchange Council (ALEC) despite the organization’s anti-worker and anti-union agenda that seeks to undermine and weaken worker protections.

  • This web page provides information on our fight against fast-track legislation. The measure requires Congress to take only a quick up-or-down vote on secret trade deals like the Trans-Pacific Partnership and does not allow such agreements to be amended. It limits Congress’ constitutionally mandated oversight of such trade deals and lets others decide what’s best for America. The result is fewer good-paying U.S. jobs and unsafe food and products for Americans. Read more to find out why fast track is the wrong track for Teamsters and America.

  • Workers across the country at FedEx Freight and Con-way Freight are standing shoulder to shoulder to form their unions with the Teamsters to win a more secure future. Momentum is building with a first wave of victories with many more to come.

    There is growing worker resentment toward the companies after years of being treated unfairly. While the companies have suddenly made improvements since workers began to organize, workers know that without a legally binding contract the company can take these things away at any time.

    The unfulfilled promises that have been made to drivers and dockworkers over the past decade are coming back to haunt management.

    But now workers are taking action and standing up for themselves by forming their union. It's a different era now. It's Teamster Time! LIKE our Facebook page, here.

  • Teamsters are been standing together to protect good jobs at Sysco and US Foods. Our solidarity on many fronts helped to defeat the mega-merger of the two companies, which would have put thousands of jobs at risk. But challenges remain as both companies refine their plans. Join our campaign to ensure these foodservice giants honor their agreements with 11,500 Teamsters and help us bring more Sysco and US Foods workers into the Teamster family. LIKE our Facebook page, here.

     

 
 
Teamsters Local 355
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