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Home > Union retirees fear dramatic pension cuts under new federal law

Union retirees fear dramatic pension cuts under new federal law [1]

Jim Mackinnon
Ohio.com
February 16, 2015
View the original piece [2]

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 [2] to read more.

Issues: 
Pension and Benefits [3]

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Source URL: http://www.tdu.org/media/union-retirees-fear-dramatic-pension-cuts-under-new-federal-law

Links:
[1] http://www.tdu.org/media/union-retirees-fear-dramatic-pension-cuts-under-new-federal-law
[2] http://www.ohio.com/business/union-retirees-fear-dramatic-pension-cuts-under-new-federal-law-1.567186
[3] http://www.tdu.org/issues/pension-and-benefits