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Multiemployer plan

Joellen Leavelle appears on the Ron Ponder Show

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Joellen Leavelle, PRC's communications and outreach director, appeared on the Ron Ponder Show where she discussed recent pension cuts affecting Iron Workers Local 17 retirees as a result of the Multiemployer Pension Reform Act.

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Can President Trump help ironworkers about to lose part of pensions? Retiree family makes an unlikely plea

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Congress didn't help Cleveland's retired ironworkers, who are about to lose part of their pensions. The Treasury Department didn't either, although it said it did all it could. Can President Donald Trump help?

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Cleveland-Area Iron Workers Approve Pension Cuts

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Members of Iron Workers Local 17 in Cleveland have approved cuts to their pension benefits in an effort to keep their pension plan from going insolvent, and it’s the fund’s retirees who are going to take the hardest hit.

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Iron Workers pension benefit reductions to start in February

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Iron Workers Local 17 Pension Fund, Cleveland, will implement a benefit reduction plan Feb. 1, following approval by plan participants by a ratio of 2-to-1, the pension fund announced Friday.

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Iron Workers pension cuts approved; retirees to get smaller checks

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In a vote pitting current workers against retirees, the retirees in the Iron Workers Local 17 union in Cleveland lost. Starting next week, their pension payments will shrink, some by half or more.

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In unprecedented move, pension plan cuts benefits promised to retirees

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A pension fund in Cleveland became the first plan to approve benefit cuts for current retirees — before the plan has run out of money. The move, some critics say, could open the door for other troubled pension plans to follow suit.

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First Mutltiemployer Plan to Make Benefit Cuts Under MPRA

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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.

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Cleveland Iron Workers vote to approve pension cuts: Iron Workers Local 17 becomes first plan to cut retiree pensions

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WASHINGTON – Today, Cleveland Iron Workers Local 17 Pension Fund announced that its retirees will be the first in the country to face devastating pension benefit cuts as a result of the More...

Will change in Washington bring help to ailing multi-employer pension funds?

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Last year, a group of retirees collecting pension benefits from the financially struggling Central States Pension Fund were able to block big cuts in their monthly check that the fund said it needed to keep it afloat.

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Failing Multi-Employer Pension 'Rehabilitation Plans' Don't Address Mismanagement of Investments

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According to the Pension Rights Center, there are more than 10 million workers and retirees in 1,400 multi-employer plans. Approximately 150 to 200 of these plans are projected to run out of money within the next 20 years.

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