Site Map Icon
RSS Feed icon
 
 
 
June 20, 2021
Contact Elected Officials!
Important Links
First Choice Mortgage Co.
International Brotherhood of Teamsters
NLRB
PA Conference of Teamsters
Philadelphia & Vicinity Health & Welfare
PA Department of Transportation
Federal Motor Carrier Administration
Krasno Krasno & Onwudingo
Markowitz Richman Employment Lawyers
Israel Bonds
TD Bank
Cheltenham Printing
Our Rights To Collective Bargaining
Make A Stand Against Right -To-Work Laws

 

Buy American Buy Union
Invest In The American Middle Class

Site Search
Site Map
RSS Feeds
Blog Topics
Blog Updates





BIDEN DELIVERS ON TEAMSTERS’ PENSION PRIORITIES IN SIGNING AMERICAN RESCUE PLAN
Updated On: Mar 28, 2021

Promises Made, Promises Kept in Bringing Retirement Security to 1M+ Americans

(WASHINGTON) – The Teamsters today are celebrating President Biden’s signing of the $1.9 trillion American Rescue Plan (ARP) into law, bold legislation that among other things will boost the retirements of more than 1 million U.S. workers and retirees in faltering multiemployer pension plans to ensure they receive their full benefits.

For more the two decades, the Teamsters – led by General President Jim Hoffa – have been working to secure a pension fix. The union has spent the last six-plus years pushing back on terrible pension legislation enacted in late 2014 that allowed struggling multiemployer pensions to cut earned benefits. [To read more about the Teamsters’ efforts, click here.] Today’s signing brings to a close that chapter and can bring peace-of-mind to workers and retirees who only want to enjoy their golden years.

“President Biden’s signature on this legislation is the culmination of years of hard work by so many with ties to this union,” Hoffa said. “But no one fought harder than affected members and retirees who attended countless meetings, repeatedly lobbied lawmakers and rallied to the cause. The Teamsters are grateful for their dedication to get this done.”

The Teamsters also want to thank Rep. Richard Neal (D-Mass.) and Sen. Sherrod Brown (D-Ohio) for sponsoring legislation and recognize the resolve that Rep. Neal showed by filing pension legislation as his first act when he became chairman of the House Ways & Means Committee.

As part of the ARP, more than 50 Teamster pension plans – including its largest, the Central States Pension Fund – are eligible for assistance at the outset of the bill’s enactment, with more of the union’s plans becoming eligible in 2022. Under the measure, money to assist eligible plans will come directly from the U.S. Treasury Department in the form of grants which would not need to be repaid. Plan participants will receive 100 percent of their earned pension benefits.

Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and “like” us on Facebook at www.facebook.com/teamsters.


June 20, 2021
Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?

God Bless America
And Those Who Serve Us





<< June 2021 >>
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30

Weather Report

Labor Headlines

US labor news headlines from LabourStart

Alyssa Milano calls for sex strike, ignites social media
China : Chinese and American Tech Workers Organize Against Overwork Through GitHub
Twitter tears into Delta for its tone-deaf anti-union, pro-video game poster
Home Care Workers are the Latest Vulnerable Group Under Attack by the Trump Administration
A Union That Strikes Wins: NUHW 10 Years On

  IBT UnionActive Newswire  
 
Updated: Jun. 20 (04:44)
Juneteenth: Freedom, Liberation, and Reckoning
Teamsters Local 888
Juneteenth: Freedom, Liberation, and Reckoning
Teamsters Local 570
Juneteenth: Freedom, Liberation, and Reckoning
Teamsters Local 355
Juneteenth: Freedom, Liberation, and Reckoning
Teamsters Local 992
Weekly News Wrap-Up: 6/18/2021
Teamsters Local 570
Weekly News Wrap-Up: 6/18/2021
Teamsters Local 355
 
     

  Current Campaigns  
     
 
 
Teamsters Local 107
Copyright © 2021, All Rights Reserved.
Powered By UnionActive™

224807 hits since May 31, 2013
Visit Unions-America.com!

Top of Page image