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New York’s Teamsters May Have Their Pensions Cut. What Went Wrong?

The New York Times
Date Published: 
Friday, December 30, 2016

As troubled pension funds go, the New York State Teamsters Conference Pension and Retirement Fund, with some $1.3 billion in assets, is by no means the largest. Neither is it in the direst financial shape, even though just 44.8 percent of its obligations are funded.