Treasury rejects Ironworkers union application to cut retiree benefits

Treasury rejects Ironworkers union application to cut retiree benefits

11/08/16

The U.S. Department of the Treasury has denied an application by Ironworkers Local 16, which represents 1,100 Baltimore-area retirees and workers, to cut pension benefits to retirees to extend the life of the fund, which is in danger of running out of money by 2032.

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