The fund is in serious condition and could possibly be insolvent within a decade. The International Union – in alliance with other unions and allies such as the AARP – needs to launch a grassroots movement aimed at strengthening the Pension Benefit Guaranty Corporation (PBGC) to protect all workers’ pensions, such as the bill introduced by Senator Robert Casey (D-Pa) two years ago. Behind the scenes lobbying isn’t working. Teamsters and retirees are ready to join in to defend our pensions.
Central States Fund Report: $17.7 billion | Teamsters for a Democratic Union