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Multiemployer plan

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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Another blow for heartland workers: Slashed pensions

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February was a bad month for Larry Burruel and thousands of other retired Ohio iron workers. His monthly take-home pension was cut by more than half from $3,700 to $1,600.

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Now to save coal miners’ pensions

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The pension crisis threatens almost 120,000 miners and widows, including 9,000 in Kentucky, and will be thornier than health care to fix because it’s part of a wider problem.

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Union pension crisis threatens retirement funds

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John Raffiani's retirement didn't last long. Facing a steep cut in his Teamsters trucking pension, the 70-year-old Greene County man went back to work more than a year ago after a short time away from full-time labor.

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Tell Congress: Protect retiree pensions!

Action

For 40 years, one of the foundations of pension law was the principle that once a retiree started receiving benefits, those benefits couldn’t be taken away unless a plan ran out of money. A 2014 law changed that. The Multiemployer Pension Reform Act overturned 40 years of precedent and placed retirement in jeopardy for the 10 million workers covered by multiemployer pension plans.

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Retirees to Congress: Protect Our Pensions!

News Release

Senator Bernie Sanders and Rep. Marcy Kaptur Reintroduce Bill to Save Retiree Pensions

WASHINGTON – The Pension Rights Center joins retirees, members of Congress and others in declaring today a Day of Action to call attention to the threats to the retirement security of millions of workers and retirees covered by the financially-troubled multiemployer pension plans.

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