Central States Fund Alerts Participants To Potential Pension Reductions
Central States, Southeast and Southwest Area Pension Fund alerted its plan participants on its website that all fund participants were sent letters describing how the fund’s proposed pension reductions under the Multiemployer Pension Reform Act of 2014 will affect their benefits.
Benefit clawbacks: Only way to avoid a pension cliff?
The reduction and even suspension of pension benefits isn’t something anyone wants. However, a growing number of financially troubled multiemployer benefit plan managers may find it to be an inescapable eventuality.