That solid pension benefit? It may be subject to change

Len Boselovic
Pittsburgh Post Gazette
December 29, 2014

Some troubled pension plans now have the authority to drastically reduce the benefits of current and future retirees — something that hasn’t happened since Congress passed legislation protecting retirement benefits 40 years ago.

The power was included in the last-minute, $1.1 trillion budget compromise signed by President Barack Obama on Dec. 16.

Click here to read more at the Pittsburgh Post Gazette.

Get Advice Join TDU Donate

Recent News

BLET Teamsters and Union Coalition Strike Delivers Fair Wages

After three days on strike, 3,500 commuter rail workers from the Teamsters and four other unions have won a new contract with the Metropolitan Transit Authority (MTA) in New York. Workers won all the wage increases they demanded.

BLET Teamsters Strike Nation’s Largest Commuter Rail Network for Fair Contract

After working without raises for more than four years amid an affordability crisis, 500 Rail Teamsters in New York are striking with a coalition of four other unions for a fair contract.

View More News Posts