France pension reform prompts angriest protests in several years IBT April 28, 2023 Memo Re: Yellow Update - The Online Home of President Joe Biden on Thursday is announcing the infusion of nearly $36 billion to shore up the Teamster's financially troubled union pension plan. Promises Made, Promises Kept, Pensions Saved - Teamsters A year later, 3 grads CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. And we are simply asking you to preserve what is due to us.. Get up-to-the-minute news sent straight to your device. Statement: Joe Biden's $36 billion for a union pension fund is "the largest private pension bailout in American history.". Affected members and retirees are encouraged to contact their pension fund to find out more information specific to their benefits. "One cannot imagine the significance of this.". We won a major victory when the Treasury Department rejected the Central States pension cut plan. Appointments made in advance are recommended because this allows our Pension Analysts to research your information before your arrival. This program is meant to be an important supplement to your Social Security and other sources of retirement income. As of June 30, 2021, the Central States Pension Fund had $9.3 billion in assets, which is down $1.1 billion from the beginning of 2021. Contact Todd Spangler attspangler@freepress.com. We're fighting back. Biden awards $36 billion to save Teamsters Central States pension plan Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices 2023 Fortune Media IP Limited. Many Teamsters and other essential workers are still working in unsafe conditions and without access to quality personal protective equipment (PPE). These cuts are hitting us like a ton of bricks and none of us has time to prepare for the cuts or make additional accommodations like we might have done if we were still young, she said. speaks at the Teamsters Local 249 hall . Register today and get ready to build union power with Teamsters from across the country.
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