On July 12, 2018, Active and Retired Teamsters from Joint Council No. 25 Affiliates traveled to the Ohio State Capital to join a Rally to remind Congress of the vital role pensions have in the social fabric of our country and to encourage them to act to save retirement plans on the verge of catastrophic failure.
The Rally brought together over 10,000 Active and Retired Teamsters, Mine Workers (UMWA), Bakery Workers (BCTGM) and supporters to call on Members of the Joint Select Committee on Solvency of Multiemployer Pension Plans, a group of Senators responsible for producing a bill that addresses the pension crisis, to pass legislation that provides a meaningful fix to the pension uncertainty union members and retirees are facing throughout the country.
The Teamsters’ Central States Pension Fund, one of several pensions the Joint Select Committee has been tasked with addressing, currently has $17.2 billion of unfunded liability making it the largest of all multiemployer pension shortfalls.
“Our country is at a crossroads, Congress needs to act to save the retirement of hard working men and women that have long looked and are heavily relying on their earned pension to take care of them and their families after dedicating their lives to building our economy and country,” said Terrence J. Hancock, President of Joint Council 25. “Our economy relies on the strength of the middle class – the pension crisis threatens this strength and future security of our members!”
Joint Council 25 provided transportation for Teamster members to travel to the Ohio Rally. We thank those who braved a long day to fight on all of our behalf’s and to insure justice in the name of all workers.
Teamsters Joint Council No. 25 is the premier labor organization providing invaluable support and services to all Local Union Affiliates throughout the State of Illinois and Northwest Indiana.