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

Hoffa Corruption Cover-Up

A Hoffa-appointed panel has found Hoffa’s Executive Assistant Willie Smith not guilty after Smith was caught taking Playboy Super Bowl Party tickets from Teamster employer Southern Wine & Spirits. Their miscarriage of justice will now go before Judge Barbara Jones for review. (Reprinted from Teamsters United)

 

BMWE Teamsters March on Pennsylvania Capitol

“We are out here today because everybody knows that our democracy has been stolen,” said Jed Dodd, Chairman of the BMWED, before being arrested on Monday. “A democracy with endless gifts for legislators and severely gerrymandered districts, where the people’s voice isn’t heard, is not a democracy. We are tired of this. We are prepared to take our country back.”

View More News Posts