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Lewis became an activist after the Multiemployer Pension Reform Act of 2014 threatened massive cuts to pensions plans. [8] He volunteered to organize and advocate on behalf of his fellow union workers and retirees, working with public officials and the Pension Rights Center to enact counter-legislation to the 2014 benefit cuts. [ 8 ]
UPS Teamsters approved a new contract in November 2007 with a five-year term covering 240,000 workers. The contract will increase wages annually and increase funds that provide pension, health, and welfare benefits. [50] "We…have negotiated an agreement that will greatly benefit our members at U.P.S. as well as Teamster members in other ...
Democratic Sen. Tammy Baldwin's second ad of her reelection bid highlights her efforts to ward off significant cuts to the pensions of more than 22,000 Wisconsin workers and retirees.
The decision not to endorse has put headquarters at odds with its many local bodies that are supporting the Democratic nominee.
They successfully blocked Central States administrators' proposal to cut benefits in 2015, and built support for the Butch Lewis Act, named for a TDU leader and pension activist who died in 2015. [ 36 ] [ 37 ] [ 38 ] The bill would offer low-interest loans to struggling funds in order to shore up their solvency.
One option for preventing Social Security cuts is to push back full retirement age (FRA), which is when seniors can collect their complete monthly benefit without a reduction. Right now, FRA is 67 ...
The way in which the union was structured meant that all Teamsters would receive synonymous benefits, regardless of what company they actually worked for. These benefits were controlled by the Teamsters multi-employer pension fund. UPS wanted to back out of the plan, and offer their workers a new pension plan that UPS would control. [6]
Find out how the White House is looking to make major benefit cuts -- and how they stand to affect your retirement. These retirement cuts threaten millions of workers Skip to main content