Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform

Cole Stangler
In These Times
December 04, 2014

Congress is nearing a vote on arguably the biggest change to private pension law in decades.

The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law. A cornerstone of some collective bargaining agreements, multi-employer plans cover more than 10 million workersmostly in construction but also in the transportation, manufacturing, retail and service sectors.  

Click here to read more at In These Times.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Carhaulers to Vote: Jack Cooper’s Chapter 11 Reorganization as a New Company

UPDATED August 6, 2019.     Jack Cooper’s 2200 Teamsters will vote on a contract proposal for a new company, which would take over Cooper’s assets. Wages and health benefits would remain the same: the major change would be a reduction in the new employer’s pension contribution.

Carhaul Members to Vote on Concessions at Jack Cooper Transport

Teamsters employed under the national carhaul contract by Jack Cooper Transport are going to face a hard decision next week, as proposed concessions will be unveiled.

View More News Posts