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Who will save Central States?

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The fate of the financially troubled Central States Pension Fund is once again in Congress' hands.

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Is Pension Overhaul A Raw Deal For Career Military?

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Congress is cutting the guaranteed defined benefit pension plan for service members–and to make the change more palatable, adding sweeteners: a 1% base pay contribution and up to 4% match in the government Thrift Savings Plan and lump sum bonuses.

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Teamster Retirees Demand Trustees 'Stop the Rush' to Slash Pensions in Half

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They thought their pensions were secure—but now they’re fighting to keep them. Retired and active Teamsters in 25 states from Florida to Minnesota received notice this fall that their pensions could be cut by as much as 60 percent, beginning July 1.

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14,800 Minnesotans face deep cuts to their pensions

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Ken Petersen spent 30 years as a Teamster trucker, loading and hauling utility poles, fertilizer and other freight. All those years his employers socked money away for the monthly pension check Petersen has received since he retired from trucking in 2003.

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Proposal to slash Teamsters' pension benefits to be discussed tonight

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Facing cuts in their promised pensions of 30%, 50% and even more, retired Teamsters on Wednesday evening blasted the "rescue plan" that the Central States Pension Fund says it needs to save it from going broke.

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Why Retirees Are Losing Their Pensions (AUDIO)

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You didn't read wrong. Retirees, after working for 30 years or more, will lose up to 70% of their pensions. These are some of our neighbors & friends. As a result of Congress' 2015 omnibus spending bill, the pensions of up to 400,000 Americans, many of whom spent lifetimes working here, will see their pensions evicerated.

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Teamsters Local 371 organizes to protest pension cuts

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Fred Lowry, a truck driver for 57 years, is facing a cut of $10,000 a year from his $33,600 annual pension unless federal action is taken on a controversial pension restructuring plan.

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Retiree benefits are facing many threats

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Retirees face a less secure future due to decisions soon to come from the U.S. Supreme Court, due to changes to Social Security and Medicare, and due to the enactment of the Kline-Miller Multiemployer Pension Reform Act. They deserve full disclosure and the truth.

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Lawmakers Announce Principles for Bill As Alternative to DOL Fiduciary Rule

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A bipartisan group of House lawmakers teamed to release a set of "best interest" principles to form the basis of financial education and advice legislation they are developing to counter the Department of Labor’s proposed fiduciary rule.

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Resources for Central States Pension Fund Retirees

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This page is intended to serve as a resource hub for retirees who are subject to cuts as a result of the Central States Pension Fund’s application to the U.S. Department of the Treasury to reduce retiree benefits. This page will be updated on an ongoing basis.

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