Union retirees fear dramatic pension cuts under new federal law

Jim Mackinnon
Ohio.com
February 16, 2015

Bill Hendershot and his wife live on his union pension and Social Security. Hendershot, a retired Consolidated Freightways long-distance truck driver, gets around now in a 12-year-old Toyota Corolla. The couple still pay a mortgage on their home in Canal Fulton.

And he’s among a huge group of union retirees nationwide who could see their monthly private pension payments cut as much as 60 percent under a national reform measure signed into law in December by President Barack Obama.

Click here to read more.

Get Advice Join TDU Donate

Recent News

Opening the Door to Transform the Teamsters: A Pivotal TDU Convention

Teamster leaders and activists prepared to Get Out the Vote, elected new TDU leadership, and set our organization’s goals and strategy at the TDU Convention, October 1-3 in Chicago. 

Will UPS Profits Hit $10 Billion in 2021?

Today, UPS announced third quarter profits of $2.3 billion. The company has made a staggering $7.4 billion in profit after taxes in the first nine months this year, and is headed toward a record $10 billion in profits for the year.  

View More News Posts