Tag: Multiemployer plan
Teamsters look to fight pension cuts
Retired Teamsters fear it will take no less than an act of Congress to undo an act of Congress. Former Morning Glory Dairy employees are among the nearly 40,000 Wisconsin Teamsters who face a 50 percent cut to their pensions under a 2014 law aimed at keeping large pension funds solvent.
Breaking Pension Promises is No Solution at All
Complexity is to be expected when discussing an issue like pensions. So for the moment let’s make things simple: 150 to 200 multiemployer plans are severely underfunded and may run out of money in 15 to 20 years if no action is taken. There are approximately 1.5 million workers and retirees in these plans. To […]
