Tag: Benefit cutback|Congress|Multiemployer plan|Pension Rights Center|Red zone/ critical status|Story|Traditional (defined benefit) pensions|Underfunding
Significant pension cuts loom for retirees
Since Whitley Wyatt retired in 2000 after 33 years as a trucker, he’s collected a pension of $3,300 a month. Now, the 71-year-old says as much as $2,000 of his monthly check is at risk because of legislation passed by Congress last year that is meant to help underfunded multiemployer pension plans bolster their finances […]
