Site Map Icon
RSS Feed icon
 
 
 

Today in Labor History

Dec. 5, 2008: The U.S. Department of Labor reports employers slashed 533,000 jobs the month before—the most in 34 years—as the Great Recession surged. The unemployment rolls had risen for seven months before that and were to continue to soar for another 10 months before topping 10 percent and beginning to level off late the following year.

Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?
  Member Resources  
     
A Fight Builds Over Multi-Employer Pensions
Posted On: Nov 15, 2013
Nov. 14, 2013 | PENSIONS | As Congress inches toward proposing legislation that would arguably enable the most significant changes to private pension law in decades, opposition from organized labor is slowly mounting. In addition to the Machinists, the first union to come out strongly against the proposal, the Teamsters, Steelworkers and Boilermakers are now raising concerns…The proposal is controversial because it would breach the so-called “anti-cutback” rules of the 1974 Employment Retirement Income Security Act (ERISA) and its 1980 amendment, which prohibits trustees from slashing accrued benefits to current retirees…“The Teamsters believe that we have to protect the integrity of our pension system, that these workers earned these benefits and they deserve to be paid,” [Teamster spokesperson Bret] Caldwell said. “And we’ve got to find a way to do that. If Congress can bail out the banks and these bank CEOs can continue to make hundreds of millions of dollars off the backs of taxpayers, then we think that retirees deserve to be protected.” Full story at In These Times.
UnionActive Newswire
 
Join the Newswire!
Updated: Dec. 05 (16:43)

Christmas For Kids
Teamsters Local 776
Your Voice Matters
New Mexico Hospital Workers Union
National Negotiations Update
Brotherhood of Railroad Signalmen
State economists forecast billion dollar budget deficit
IATSE Local 477
Union-Made in America Holiday Gift Ideas
HVALF AFL-CIO
Injunction Against OT Pay Has Real Consequences
Teamsters Local 992
 
     
 
 
Teamsters Local 992
Copyright © 2016, All Rights Reserved.
Powered By UnionActive™
Visit Unions-America.com!

Top of Page image