Congressional leaders hammer out deal to allow pension plans to cut retiree benefits

Michael A. Fletcher
The Washington Post
December 10, 2014

A bipartisan group of congressional leaders reached a deal Tuesday evening that would for the first time allow the benefits of current retirees to be severely cut, part of an effort to save some of the nation’s most distressed pension plans.

The measure, attached to a massive $1.01 trillion spending bill, would alter 40 years of federal law and could affect millions of workers, many of them part of a shrinking corps of middle-income employees in businesses such as trucking, construction and supermarkets.

Click here to read more at The Washington Post.

Get Advice Join TDU Donate

Recent News

TDU Convention, October 1-3 in Chicago

Make your plans to be at the TDU Convention, October 1-3, at the Crowne Plaza Hotel near the Chicago O’Hare Airport. Our Convention will wrap up one day before the ballots are mailed for the IBT election. Register online or contact TDU to register.

IBT Convention Footage and Highlights

Recordings of the complete 2021 IBT Convention are available here for any member to view.  The convention was held June 22-23-24, 2021 online, with some 1600 elected delegates participating and voting. 

View More News Posts