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Recent News

New England Pension Fund: Critical Status

The notice of critical status addressed to 72,000 participants in the New England Teamsters Pension Fund dropped a potential bombshell: the Fund’s Actuary certified to the Department of Labor that the plan is “critical and declining” and thus could possibly be subject to cuts for retirees and active Teamsters.

 

What is a “Hybrid” Pension Plan?

Under the "Hybrid" model, the Pension Fund sets up two departments: the traditional pension model and the new one with no employer liability.

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