Month: March 2016
Central States Retirees: A Wave of Organized Wrath
The Detroit picket was one of five this weekend called by angry Teamster retirees under the rubric of “March Madness,” with actions also held in Kansas City, St. Paul, Columbus, and Dunn, North Carolina.
Retirees protest proposed pension cuts
The last few weeks have been busy for retirees who are working around the clock to stop the pension cuts proposed by the Central States Pension Fund that would affect hundreds of thousands of retired truck drivers, spouses and widows. Just this past weekend, retirees in five states held coordinated actions to call attention to the […]
States Could Offer Effective Options for Workers Without Retirement Plans
About half of American workers in the private sector are not planning long term for their future, lacking any sort of pension or retirement savings plan.
Is Pension Overhaul A Raw Deal For Career Military?
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.
Closely Watched Pension Case Could Bring Cuts For Other Plans
When the Treasury Department delivers its ruling on proposed pension cuts for truckers in May, the cargo for a wide range of retirees could be Pandora’s box, warned Pension Rights Center Policy Director Karen Friedman.
Local Retired Teamsters Face Pension Cuts
After working 17 years as a trucker, Alan Woodall of Norfolk got a letter. His Teamsters pension fund may become insolvent and his checks may be cut, or even cut off.
More Union Plans Apply to Cut Benefits
According to the Pension Rights Center, the Iron Workers Local 17 Pension Fund, based in Ohio, was the second multiemployer plan to apply to the U.S. Treasury Department for permission to cut benefits under the Multiemployer Pension Reform Act of 2014 (MPRA).
