Retired Teamsters in Illinois Mobilize to Fight for Failing Pension Funds
Dave Mauer and other Central States pensioners in the Rockford area have formed the Illinois/Rock River Valley Committee to Protect Pensions. The group has scheduled an April 6 meeting at the Teamsters Local 325 union hall in Rockford to mobilize and pressure Congress to rescue failing multiemployer pension funds.
March 25, 2019Pension Woes Getting Worse for Federal Agency Protecting Benefits
The Pension Benefit Guaranty Corp.’s multiemployer pension insurance program will run out of money by the end of 2025, according to a new report from the government agency in charge of taking over troubled plans such as the Central States Pension Fund.
August 11, 2017Treasury Department Rejects Central States Pension Fund Plan to Cut Teamsters Benefits
The U.S. Treasury Department, through Special Master Kenneth Feinberg, has rejected Central States Pension Fund’s proposal to cut benefits for 270,000 Teamsters retirees, often by half, saying the plan presented to the government failed to meet the requirements of a 2014 law.
May 9, 2016