Congress could soon allow pension plans to cut benefits for current retirees

Michael A. Fletcher
The Washington Post
December 04, 2014

Congress could soon allow the benefits of current retirees to be cut as part of an agreement to address the fiscal distress confronting some of the nation’s 1,400 multi-employer pension plans.

Several unions and pension advocates opposing the move, which would be unprecedented, say that permitting financially strapped plans to cut retiree benefits would violate the central promise of traditional pensions: that they would provide a defined benefit for life.

Click here to read more at The Washington Post.

Get Advice Join TDU Donate

Recent News

Central States Issues FAQs on YRC Pensions

The Central States Pension Fund has issued a fact sheet regarding the Yellow companies and the pension. 

Hoffa Foes Beat Retaliation and Clear Their Name

An impartial union panel has ruled in favor of Teamsters in New York Local 804 who were stripped of their union membership in retaliation for their opposition to Hoffa. The decision reverses a miscarriage of justice and restores the good name of Tim Sylvester and Jim Reynolds. 

View More News Posts