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Multiemployer Retiree Cutback Calculator

Calculate your possible pension loss

Congress has passed, and the President has signed into law, legislation that allows trustees of financially-troubled multiemployer plans to take the unprecedented action of cutting the benefits of retirees who are already receiving their pensions. Read our summary of the legislation.

Use the calculator below to determine how much your pension could be cut under the law. This calculator applies only to those age 75 and younger. If you are age 80 or over, or are receiving a disability pension, the new law will not apply to you. If you are age 75 - 79 your pension reduction will be less than the cuts for retirees under age 75.

Note that this calculator shows the minimum benefit that would be allowed by the law. The law permits your plan’s trustees to choose to reduce your pension by a smaller amount.

Please enter only numbers into the calculator. Do not use dollar signs or commas.

The minimum monthly benefit you would receive if your pension were reduced to the level permitted by the proposal This is the monthly amount you could receive if the proposal becomes law.
The minimum annual benefit you would receive if your pension were reduced to the level permitted by the proposal This is the annual amount you could receive if the proposal becomes law.
Your possible annual benefit loss under the proposal This is the amount you could lose each year if the proposal becomes law.
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