Hazel Bradford Pensions & Investments May 15, 2015 View the original piece Democratic members of the Senate Finance Committee asked Treasury Department officials to tread carefully as they develop the process for implementing multiemployer pension reforms enabling some plans to cut benefits. “These reforms are unprecedented and, therefore, we ask the Treasury Department to take its role in overseeing the benefit suspension provisions very seriously. In particular, it is critical that you ensure that participants’...

April 29, 2015: Today the Pension Rights Center presented a call for action to the US House Subcommittee on Health, Employment, Labor and Pensions, calling for hearings on the devastating impact of pension cutbacks authorized by December 2014 changes in pension law. Teamsters for a Democratic Union and the pension protection movement support this call, and will work to advance legislation to correct the injustices of the Multiemployer Pension Reform Act (MPRA) passed in December. The...

April 24, 2015: The Hoffa administration is making a deal to let Kroger pull 7,000 Teamsters out of the Central States Pension Plan, and move them into a Kroger pension plan. Is Hoffa out to destroy the pension fund his father set-up, or does he just sign any deal the employer wants? This disastrous move comes as the trustees of the Central States Plan are moving to cut the pensions of some 300,000 retirees and...