Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform

Cole Stangler
In These Times
December 04, 2014

Congress is nearing a vote on arguably the biggest change to private pension law in decades.

The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law. A cornerstone of some collective bargaining agreements, multi-employer plans cover more than 10 million workersmostly in construction but also in the transportation, manufacturing, retail and service sectors.  

Click here to read more at In These Times.

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