Groups start working to pass federal law intended to stave off private pension cuts

Jim Mackinnon
Akron Beacon Journal
June 19, 2015

Mike Walden used a baseball metaphor in describing the introduction Thursday of federal legislation that would, if passed, eliminate pension cut provisions that are now law and could impact more than a million people in upcoming years.

“This is just spring training for a rally in the future,” said Walden, a retired Teamster truck driver from Cuyahoga Falls and head of a Northeast Ohio organization dedicated to repealing major parts, if not all, of the Multiemployer Pension Reform Act of 2014. The law allows financially troubled multiemployer pension plans to cut benefits to current retirees, primarily union.

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