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Benefit cutback

New Multiemployer Bill Introduced at Amazing Media Event

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Yesterday was the day we have all been waiting for, the culmination of more than three years of hard work by hundreds of thousands of retirees and their many advocates and supporters.

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Machinists pension latest to get treasury nod to cut benefits

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The Treasury Department approved a reduction in pension benefits for 1,134 members of the International Association of Machinists Motor City Pension Plan.

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Wisconsin Fights for its Retired Workers

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Kenneth Stribling retired from the trucking industry after more than 30 years of service. In the years since, however, the 65-year-old Teamster has been working overtime to fight for the retirement he was promised.

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Teamsters pension plan warns thousands of beneficiaries that the checks may get smaller

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The Western Pennsylvania Teamsters fund — which has about 48 cents for every $1 in benefits it owes to retirees and workers — notified participants in April that it is considering cutting benefits in order to insure that the fund doesn’t become insolvent.

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New York State Teamsters’ pensions to be slashed because of unfair law

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Last week, the news came in that workers and retirees voted in favor of pension cuts by the New York State Teamsters Pension Fund.

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Furniture workers pension cuts okayed despite majority no vote

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Thousands of members of a pension fund for furniture workers will soon see their benefits cut, even though a large majority of those members voted against the cuts or didn’t vote at all.

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Treasury Department Gives Thumbs Up to Second Pension Rescue

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A pension fund in Nashville is now the second plan covering unionized workers to receive Treasury Department approval to cut members’ benefits.

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Federal Treasury Department approves potential Teamster pension cuts

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The U.S. Treasury Department has approved a proposal for a 29 percent pension cut for members of a Teamsters unit based in upstate New York.

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Color of Money Live Chat with Michelle Singletary

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PRC's Karen Friedman and Joellen Leavelle discussed an array of retirement issues during Michelle Singletary’s Color of Money Live Chat on February 16, 2107.

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Retirees to Congress and Treasury Department: Don't cut our pensions!

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Last Thursday, more than 2,000 retirees from around the country visited Washington, D.C., to tell Congress and policymakers one thing: Don’t cut our pensions. These retired truck drivers, warehouse workers, dock workers, widows, spouses and other retired Teamsters attended a rally held at the U.S. Capitol to protest devastating pension cuts that could affect more than 270,000 people.

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