Hoffa to Congress: Stop Bailout For UPS, Protect Retiree Benefits

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOGOWASHINGTON, Dec. 9, 2014 /PRNewswire-USNewswire/ — International Brotherhood of Teamsters General President Jim Hoffa today wrote a letter that was sent to the Congressional leadership and circulated to all members of Congress, expressing strong opposition to proposed legislation that would result in a $2 billion bailout of United Parcel Service (UPS).

The letter in its entirety is below:

"On behalf of the 1.4 million members of the International Brotherhood of Teamsters, I am writing to express my strongest opposition to any last minute deal to give United Parcel Service (UPS) a $2 billion bailout to relieve the company of negotiated pension obligations.

"UPS is attempting to escape a negotiated obligation the company agreed to when it withdrew from the Teamsters Central States Pension Fund. This $100 billion, Fortune 50 company is using its influence on Capitol Hill to obtain what amounts to a special interest earmark that sets a dangerous precedent – rewarding a wealthy company by allowing it to evade the contract and slashing retirement benefits should benefit reductions be required under the pending pension reform legislation.

"It’s bad enough that some retirees would experience benefit reductions under the National Coordinating Committee for Multiemployer Plans (NCCMP) proposal. It’s quite another situation when a company cuts a secret back room deal to save $2 billion by slashing those benefits even further. This outrageous government bailout of one of the most profitable companies in America should be stopped in its tracks.

"While the Teamsters Union has been clear in its opposition to retiree benefit cuts, this proposal would add insult to injury by introducing even more draconian cuts for hundreds of thousands of Teamsters. I urge you to oppose this outrageous plan to bailout UPS for, in effect, breaking its word."

  • tobeatendowntocare

    gotta love it; Bail out UPS but leave USPS hanging. Our government at its finest.

  • Andres Elaine

    UPS is in a surplus they just want to rob the gov out of more money to the heads of the corporations. UPS is known to pay really low-wages and charge the most to ship out of all (more than USPS or FDX). It seems like it’s another economic crash they are trying to pull because the US does NOT have the money to keep bailing these industries out. #NWO as the dollar declines. gov = taxpayers so all these bail-outs will be coming out of our pockets.

  • Johnny Pyro

    When did they find Jimmy Hoffa???

  • Gary Sharkey

    Really low wages??????? I believe drivers make $33 per hour.

  • OTH Guy

    What do we have here…another company that is to big to fail….let me understand this…when things are good companies make huge profits…when things go bad, they come crying to our nitwit government for a bailout….as a middle class hardworking american, how do I get included in this boondoggle…..

  • djgci2001

    I am a ups driver. We start at $18.25 and get a dollar raise every year till the fourth anniversary of your hire date. On that 4th year, your hourly wage increases to $34.10

  • Andres Elaine

    I’ve worked for UPS and in michigan they started at $15 you have to be in a different state. Handler’s rates are common knowledge on the website and it’s about 9.50/hr! Most new people at UPS don’t make good money like that! Plus they had a cap on carriers at about 25.

    Dockworkers start @ 10.50 and don’t even make it to 15 till 5 yrs later!