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Treasury rejects Teamster pension cuts

05/09/2016 | Star Tribune

Teamster members dodged deep pension cuts thanks to a Friday decision, but they remain no closer to a solution for the severely underfunded Central States Pension Fund.

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Teamsters pension cuts may get worse — and a U.S. safety net is at risk

05/09/2016 | MarketWatch

Treasury Department Special Master Kenneth Feinberg has delivered a stinging rebuke to the $16.1 billion Central States Pension Fund’s application to slash benefits at a teetering retirement plan that had not yet collapsed. 

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Central States executive says Congress holds key to pension fund’s rescue

05/09/2016 | Kansas City Star

Saving the Central States Pension Fund largely rests with Congress now that the U.S. Treasury has rejected the fund’s own rescue plan, the head of the fund said Monday.

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Feds reject plan to cut Teamsters’ pensions

05/07/2016 | Belleville News-Democrat

The U.S. Treasury Department announced Friday afternoon that it rejected Central States Pension Fund’s request to cut pension benefits for about 277,000 retired Teamsters across the country.

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Retired Teamsters get reprieve as federal government rejects Central States pension cuts

05/07/2016 | Akron Beacon Journal

Retired Teamsters facing imminent massive cuts to their pensions won a significant battle Friday that preserves their monthly retirement checks but still leaves open the huge issue of how to keep their pension plan solvent in years ahead.

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Treasury denies Central States pension plan try to cut benefits

05/06/2016 | BenefitsPro

The Central States multiemployer pension plan’s application to reduce retiree benefits has been unanimously denied by the Treasury Department, Pension Benefit Guaranty Corp., and the Department of Labor.

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Mediator Kenneth Feinberg rejects Central States’ plan to cut Teamsters’ pensions

05/06/2016 | Kansas City Star

The U.S. Treasury on Friday rejected the Central States Pension Fund’s bid to avoid collapse by slashing thousands of retired Teamsters’ monthly checks, many by half or more.

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Treasury denies Central States' bid to cut pension benefits

05/06/2016 | Business Insurance

In a major victory for multiemployer pension plan participants, the U.S. Treasury on Friday denied an application by the Teamsters' Central States Pension Fund to slash benefits for hundreds of thousands of plan members.

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Treasury rejects plan to cut pension benefits for some retirees

05/06/2016 | Washington Post

The Treasury Department rejected a plan Friday that would have substantially cut pension benefits for nearly 300,000 former and current truckers and their family members.

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Congress, seeing national pension crisis, starts to act

05/05/2016 | AMI Newswire

The U.S. Senate is stepping into the political fray over pensions — a looming crisis across the country — as hundreds of thousands of retirees brace for benefit cuts.

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