Jump to Navigation
Jump to Content

First Mutltiemployer Plan to Make Benefit Cuts Under MPRA

Outlet: 
PlanSponsor
Date Published: 
Friday, January 27, 2017

Cleveland Iron Workers Local 17 Pension Fund announced that its retirees will be the first in the country to face pension benefit cuts as a result of the Multiemployer Pension Reform Act (MPRA), which allows ongoing plans that are severely underfunded to take action to cut retiree pension benefits.

print