Local and National Union News
What the CRomnibus Law means for multiemployer pension plans
Dec. 16, 2014 | … The law states that plans in”critical and declining status” can temporarily or permanently suspend current and future benefits. This suspension can include benefits already accrued for vested participants and benefits already being paid to retirees and beneficiaries…The law sets limits. For example, the monthly benefit of any participant or beneficiary may not fall below 100% of the PBGC’s guaranteed monthly benefit. Participants and beneficiaries aged 75 and older are afforded special protections, as are those with benefits based on disability. Full story here. Related: Those pension cuts and what you need to know.
Teamsters denounce Senate passage of Omnibus Spending Bill
Dec. 11, 2014 | “With the passage of the omnibus spending bill by the Senate, we have witnessed the latest attack by corporate interests on working families, " said Teamsters General President Jim Hoffa in response to the Senate's passage of the Omnibus Appropriations Bill. “Big business and Wall Street have bought and paid for influence and access that has allowed them to continue to enrich corporations at the expense of the middle class... We can only hope that President Obama rethinks his present course of action, recognizes the destructive nature of the provisions in this bill and vetoes it when it reaches his desk.” Full statement here.
Call your senator NOW!
Dec. 12, 2014 | Tell them to vote NO on the Cloture and NO! on the Omnibus to protect Teamster pensions and jobs. Call 888-979-9806 to be connected to your senator. The Teamsters Union is opposed to the Omnibus Spending Bill. It keeps government open on the backs of hardworking Americans and retirees. Click here to learn what the legislation would do, then call your senator at 888-979-9806. Do it right now.
Report: Sysco poised to complete $8.2B merger with US Foods
Dec. 11, 2014 | The New York Post reported today "…Sysco is selling assets worth $5 billion to Performance Food Group to win regulatory approval, two sources said. That is equal to roughly one-quarter of US Food's revenue…" Full story here.
Teamsters take a stand against unfair TPP, Fast Track
Dec. 9, 2014 | The Teamsters joined hundreds of labor and fair-trade activists yesterday in calling on the U.S. government not to move forward with the 12-nation Trans-Pacific Partnership (TPP) or fast-track trade promotion authority that would speed its consideration… "The voices of millions of working, middle-class Americans cannot be ignored," said General President Jim Hoffa. "They are tired of being the casualties of bad trade deals that send good-paying jobs overseas. The Teamsters Union will continue the fight against Fast Track authorization and the Trans-Pacific Partnership – American workers cannot pay the price of another bad trade deal." Full story and photos here.
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