How Much Could Your Pension Be Cut?

May 30, 2014: How much could you possibly lose from your pension if the anti-cutback provisions are repealed from federal law? The Pension Rights Center has posted a retiree cutback calculator to show you the answer.

The calculator shows how drastic the cuts could possibly be to retirees in “deeply troubled” pension plans, including the Central States Plan. The calculator provides the answer.

Use the calculator below to determine how much your pension could legally be cut if the "Solutions not Bailouts" proposal were to become law. Any changes to the proposed law would result in changes to the calculator’s projections.

The threat comes from proposed legislation backed by an organization of employers, pension funds, and even some unionsThe trustees of the Central States Pension Fund are shamefully supporting this radical change in ERISA, the federal law which protects our pensions.

The Pension Rights Center, based in Washington, D.C., has played an important role over the years in defending Teamster pensions. The PRC, along with Teamsters for a Democratic Union (TDU), the AARP and several unions, is opposing the proposed law.

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