Tag: Teamsters

Risk July 28, 2023

OCIO Assets Plummeted With Markets in 2022, but Don’t Call It a Crisis

For the top 8, including Mercer and BlackRock, last year marked an unaccustomed reversal of fortune, a study by Charles Skorina found.

Corporate Moves July 25, 2023

Teamsters Drop Yellow Strike Threat After Central States Pension Extends Benefits

The union threatened to strike over a missed $50 million payment by subsidiaries of Yellow, which accused the Teamsters of breaching their CBA.

Pensions May 30, 2023

NYC Teamsters Pension Sues Disney Over Streaming Service Losses

Lawsuit alleges hiding cost overruns at Disney+ was a ‘motivating factor’ behind the media giant’s 2020 reorganization.

Regulation May 15, 2023

PBGC Provides Supplemental Assistance to Teamsters Local 966

The plan previously received more than $50 million in December 2022.

Regulation May 4, 2023

PBGC Bails Out Service, Manufacturing, Transportation Pension Funds

The three plans will receive more than $600 million for back payments and to protect their solvency through 2051.

Regulation April 10, 2023

Cement Workers’, Teamsters’ Pensions Receive Additional PBGC Funding

The PBGC paid out $438 million in additional funding to the NYS Teamsters Conference Plan and smaller amounts to three other plans.

Regulation January 18, 2023

PBGC Approves 2 More Supplemental Assistance Applications

The Teamsters Local 641 and Graphic Communications International Union pensions will both receive supplemental assistance from the PBGC.

Newsmakers December 9, 2022

Central States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance

The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application from the Central States, Southeast & Southwest Areas Pension Plan. The Central States Plan is a multiemployer...

Asset Allocation December 2, 2022

PBGC Grants SFA Money to Third Teamsters Pension in Two Weeks

New Jersey union pension fund, expected to become insolvent in 2023, will receive $54.1 million in assistance.

Newsmakers November 21, 2022

PBGC Provides Almost a Billion Dollars to New York Teamsters Pension

The PBGC approved the grant money out of funding from the American Rescue Plan, for a struggling pension with over 30,000 participants.

Regulation June 3, 2022

PBGC Soon to Release New Final Rule on Special Financial Assistance for Multiemployer Plans

Public commenters expressed concerns over investment restrictions, discount rate calculations.

Pensions March 1, 2021

Pension Relief Plan in COVID-19 Stimulus Bill That Passes House

The legislation goes to the Senate, which could vote on the proposal later this week.

Pensions February 11, 2021

House Includes Pension Reform Plan in COVID-19 Relief Bill

The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.

Pensions January 22, 2021

Democrats Introduce Bill to Protect Pensions, Expand PGBC’s Power

Proposed legislation would create PBGC partition program and end ability to seek benefits cuts under MPRA.

Pensions September 15, 2020

Ohio Teamsters Pension Fund Seeks Benefits Reduction

The Building Material Drivers Local 436 pension plan is expected to run out of money by 2023.