Tag: Benefit cutback|Congress|Department of Labor|Legislation|Multiemployer plan|PBGC|Pension Rights Center|Red zone/ critical status|Traditional (defined benefit) pensions
Union retirees fear dramatic pension cuts under new federal law
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 […]
