Tag: Benefit cutback|Congress|Future retirement security|Legislation|Multiemployer plan|PBGC|Pension Rights Center|Traditional (defined benefit) pensions|Underfunding
Pension Rights Center Calls Proposed Retiree Benefit Cuts by the Central States Pension Fund a “Pension Demolition Plan”
WASHINGTON – Last week, the Central States Pension Fund began notifying hundreds of thousands of retirees that it has applied to the U.S. Department of the Treasury to cut their pensions. The application was filed under the Multiemployer Pension Reform Act of 2014 (MPRA), which allows trustees of severely underfunded multiemployer pension plans to cut […]
