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Pension

In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.

Testimonial

"I was there when we brought the Union in. The first-time contract they won for us was unbelievable. It changed the quality of my life. I am now a Shop Steward and enjoy working with my Union and looking after my fellow workers. "

- Paul Landrecht - Shop Steward. Island Farms Dairy.

A message from a retiring 464 member:

http://www.teamsters464.org/news/open-letter-my-fellow-union-members#

- Dave S

"I was employed for many years at a Teamster company that was shut down due to the economy. Because of my age, I was worried about starting over. Bobby, Bob and Paul not only negotiated a much better severance package than was in the contract, but they also went the extra mile and got me on at one of their other companies with an even better contract.They continued to help me even though it wasn't their job to."

- Armando Borean