Posts tagged Pension
UPS buyout details: What’s in the offer, how many jobs are affected and what Teamsters say
July 30, 2025 // UPS is offering a voluntary buyout program to U.S. full-time drivers for the first time in its history. The Teamsters union criticizes the buyout, calling it "insulting" and a violation of the 2023 contract. UPS attributes the buyout to restructuring efforts following revenue decline and increased costs. The buyout, called the "Driver Voluntary Separation Program" is available for consideration by full-time, U.S.-based drivers, and is the first time in the company's history this sort of offer has been made to drivers, UPS said in a statement.
Federal and State Leaders Take Aim at Empowering America’s Flexible Workforce
July 16, 2025 // However, while federal leaders build support for national reforms to help workers all across America, states are not sitting idle. They know that not only do self-employed workers support greater access to portable benefits, but their residents in general think this warrants policy reforms as well. Instead, many are forging ahead with legal pathways for flexible, portable benefits, maximizing what they can do at the state level in ways that will be further enhanced by federal reforms when they occur. Many states introduced legislation this year to legalize voluntary benefits, but several pioneering states now have laws enacted.
How the Teamsters Cost 30,000 People Their Jobs
July 10, 2025 // "That's true," says Palagashvili. "[Yellow Corp] was having a lot of financial issues. But if you're on the verge of collapse, the last thing you need is a Teamsters Labor Union contract that says you have to increase labor costs. Yellow is basically covered in gasoline, and Sean O'Brien comes and lights the match." Meanwhile, union leadership help themselves. The Teamsters now brag that it has $1 billion in assets. Sean O'Brien pays himself more than $430,000 per year. The same year Yellow went bankrupt, United Auto Workers went on strike against Stellantis, the company that owns Chrysler. Stellantis gave in, giving the UAW a pay raise and promising to open a new plant. But then Stellantis started laying off workers: 1,340 during the strike and 2,450 more the next year.
UPS offers buyout to union drivers, drawing ire from Teamsters
July 7, 2025 // The package offered through its “Driver Voluntary Severance Plan” is in addition to any retirement benefits, including health care and pension disbursements, according to a company emailed cited by Bloomberg. But according to the Teamsters union -- which represents 340,000 UPS (NYSE:UPS) drivers -- the “illegal” plan violates the contract between UPS and the Teamsters signed in August 2023, and would be less than what rank-and-file Teamsters now earn and could continue to make over the life of the current agreement.
NYC Employee Pension Payments Cross $6 billion; 70 Members Collect $200k+
June 21, 2025 // The pension plan covering most New York City government agencies, including the City’s subway system, had 70 members with pension payments of at least $200,000 last year, almost quadrupling 2019’s tally of 19, according to new data posted today at SeeThroughNY.net, the Empire Center’s transparency website. According to the data collected from the New York City Employees’ Retirement System (NYCERS), total payments climbed to $6.05 billion in 2024, a five percent increase since 2023 ($5.78 billion).
Disney, Marvel & ‘Avatar’ Franchise VFX Workers Ratify First IATSE Contracts
May 22, 2025 // The VFX crews at Marvel and Disney filed for a unionization election with the National Labor Relations Board in August 2023. A supermajority of Marvel's more than 50-worker crew signed authorization cards saying they want to be represented by the IATSE, while a supermajority of the 18 in-house VFX crewmembers at Walt Disney Pictures signed cards.
More than 2,500 nursing home workers across WNY plan to strike
May 13, 2025 // Caregivers from the following facilities are expected to walk off the job starting May 20 at 6 a.m.: Buffalo Center for Rehabilitation & Nursing Comprehensive Rehab and Nursing Center at Williamsville Elderwood at Lockport Elderwood at Williamsville Ellicott Center Garden Gate Manor Gowanda Nursing Home (excluding Pros/Techs) Newfane Rehabilitation & Health Center North Gate Manor Ascension Living Our Lady of Peace Absolut Care of Gasport Safire Rehabilitation of Northtowns Schofield Residence The Grand at Delaware Park Williamsville Suburban Care Center
Opinion: One mother’s fight against forced union dues
April 29, 2025 // Every pay period, a portion of my hard-earned wages disappears into the Teamsters’ “Health and Welfare Trust Retiree Plan.” It is likely this deduction isn’t just about healthcare for retirees. A portion of the funds may be channeled into the union’s shareholder activism — buying shares in companies and then pressuring corporate boards to adopt political positions I never agreed to support. The lawsuit challenges California’s Meyers-Milias-Brown Act, which essentially traps public employees like me in a financial relationship with unions we’ve explicitly rejected.
CT Electric Boat workers OK strike option, as UAW President Fain tells company ‘clock is ticking’
April 17, 2025 // Among Local 571’s demands are record wage increases, pensions for all members, a cost-of-living adjustment, profit sharing and better health care benefits. In the meantime, Local 571 members are working under the terms of their expired agreement. Electric Boat officials were not immediately available for comment on Monday night. Company officials said in a statement last week that they had “presented our best and final offer” to the union in the previous week. They added that their offer “provides historic wage growth, a continuation of our premium benefits package and retirement enhancement for all employees.”
NYC beer deliveries affected as workers for distributors go on strike
April 17, 2025 // Hundreds of unionized workers are on strike over what they describe as unfair labor practices at their local beer distribution center. The strike is impacting customers who enjoy popular brands such as Corona, Coors or Modelo.