Tag: Activism|Benefit cutback|Congress|Multiemployer plan|Pension Rights Center|Red zone/ critical status|Traditional (defined benefit) pensions|Treasury Department|Underfunding
Proposal to slash Teamsters’ pension benefits to be discussed tonight
Facing cuts in their promised pensions of 30%, 50% and even more, retired Teamsters on Wednesday evening blasted the “rescue plan” that the Central States Pension Fund says it needs to save it from going broke.
