Tag: Benefit cutback|Congress|Legislation|Multiemployer plan|PBGC|Pension Rights Center|Red zone/ critical status|Traditional (defined benefit) pensions|Underfunding
Pension Rights Center Response to Central States Teamsters Pension Fund Letter
On September 22, James P. Hoffa, General President of the International Brotherhood of Teamsters, wrote to Thomas Nyhan, Executive Director of the Central States Teamsters Pension Fund, to ask that the Fund’s trustees not propose “draconian benefit cuts that will impose significant hardships” on the Fund’s participants. Such cuts were authorized by the Multiemployer Pension Reform […]
Legislation offers workable solution to multiemployer plan underfunding
This is a Letter to the Editor from Karen Ferguson, director of the Pension Rights Center, responding to a negative editorial that Pensions & Investments published on the Keep Our Pension Promises Act of 2015.
