Site Map Icon
RSS Feed icon
 
Teamsters Local 71
Charlotte, NC Serving Members in North and South Carolina
 
 
TEAMSTERS TOP ISSUES

 

 

HOUSE PASSES TEAMSTERS-BACKED PENSION REFORM BILL
Posted On: Jul 25, 2019

(WASHINGTON) – The U.S. House of Representatives voted today to pass H.R. 397, the Rehabilitation for Multiemployer Pensions Act, more commonly referred to as The Butch Lewis Act. The legislation is an essential step to help secure the retirement security of more than 1.5 million workers and retirees nationwide.

The measure, offered by Rep. Richard Neal (D-Mass.), was first introduced in Congress in November 2017. The measure has 209 co-sponsors, including nine Republicans. As in 2017, Rep. Peter King (R-N.Y.) again joined with Rep. Neal in introducing the bill in the 116th Congress. The House approved the measure in a 264-to-169 vote with 29 Republicans voting in support of the legislation.

 “After years of tireless work by Teamster retirees, members and local union officers, the House today rewarded their efforts by passing this critically important legislation,” said Teamsters General President Jim Hoffa. “Lawmakers cannot delay any longer – this legislation must now be approved by the Senate so that American workers retain their hard-earned retirement security.”

There are more than 300 multiemployer pension plans across the country — including the Teamsters’ Central States Pension Fund — that are in danger of failing. The Teamsters have been fighting for years for a legislative solution and have worked with lawmakers on both sides of the aisle to do so.

The measure would boost financially troubled multiemployer pensions plans so they don’t fail. It would create a new agency under the U.S. Treasury Department that would sell bonds in the open market to large investors such as financial firms. Those proceeds would then be used to bolster faltering pension plans as part of a 30-year loan program.

 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.


<< August 2019 >>
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 31
Upcoming Events
LOCAL UNION NOMINATIONS
Sep 06, 2019
2529 Beltway Blvd Charlotte, NC 28214
MONTHLY MEMBERSHIP MEETING
Sep 14, 2019
2529 Beltway Blvd Charlotte, NC 28214
LOCAL UNION ELECTION BALLOT COUNTING
Oct 10, 2019
2529 BELTWAY BLVD CHARLOTTE, NC 28214
MONTHLY MEMBERSHIP MEETING
Oct 12, 2019
2529 Beltway Blvd Charlotte, NC 28214
MONTHLY MEMBERSHIP MEETING
Nov 09, 2019
2529 Beltway Blvd Charlotte, NC 28214
  Teamster News Headlines  
 
Voting on Jack Cooper's Last, Best and Final Offer to Take Place Sept. 6-9
Teamsters Weekly Update: Week Ending August 16, 2019
Sysco Sygma-KC Workers Choose Teamsters Local 955
Teamsters National Black Caucus Celebrate 11th Annual Women’s Day
Marcus King Appointed to Lead Teamsters Human Rights and Diversity Commission
Teamsters National Black Caucus 44th Annual Educational Conference Convenes in Louisville
Frequently Asked Questions - Jack Cooper Transport
Hoffa: Proposed Hours of Service Changes Would Put Road Safety at Risk
Episode 179: Teamsters Power Pension Push to Win
Teamsters Reach Tentative Agreement with Air Canada
 
     
Labor Headlines

US labor news headlines from LabourStart

Bill Ford: UAW Helped the Entire Industry Get Back on Its Feet
Sign here! Tell Volkswagen: It's time to stop your war on workers!
Bernie Sanders Calls For 'Workers Government' At CA Demo Convention Latino Caucus
As VW Election Nears, CEO Stokes Fears over Plant Closing from 1988
#MeToo visits McDonald's
 
 
Teamsters Local 71
Copyright © 2019, All Rights Reserved.
Powered By UnionActive™
Visit Unions-America.com!

Top of Page image