Union retirees fear dramatic pension cuts under new federal law

Jim Mackinnon
Ohio.com
February 16, 2015

Bill Hendershot and his wife live on his union pension and Social Security. Hendershot, a retired Consolidated Freightways long-distance truck driver, gets around now in a 12-year-old Toyota Corolla. The couple still pay a mortgage on their home in Canal Fulton.

And he’s among a huge group of union retirees nationwide who could see their monthly private pension payments cut as much as 60 percent under a national reform measure signed into law in December by President Barack Obama.

Click here to read more.


Be the first to comment

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

Recent News

How TDU Wins Legal Rights for Teamsters

One member, working closely with the TDU Staff, has shown how Teamsters can enforce their rights, beat retaliation, and stand up for a stronger union.

Update: Status of Implementation of UPS National Contract

On April 28, Local 243 will conduct a vote in-person on the Metro Detroit UPS Rider. Since this is the only unratified (or unimposed) rider or supplement remaining, a ratification here would lead to implementation of the national agreement and all supplements.

View More News Posts