Post Profile

New York Teamsters approve slashing benefits to retired members

Retired members of the Teamsters union in New York will have their benefits cut by around 30 percent starting in October after the 34,000 participants in the pension approved a plan aimed at extending the life of the cash-strapped fund. Monthly pensions for retired teamsters from nine New York...
read more


Related Posts

UPS Braces For $3.8 Billion Charge As Treasury's Pension Benefit Decision Looms

Business & Finance : Zero Hedge

As we covered previously, in an effort to remain solvent the Central States Pension Fund has submitted an application to the Treasury for approval to cut member benefits. While some plan participants could see pension incomes cut in...

This Firm Could Benefit From The Pentagon's Plan To Cut Veterans' Pensions

News : Huffington Post

American service members are confronting a potential haircut. Under a proposal the Pentagon outlined last week, new members of the armed forces would see their guaranteed retirement benefits cut by one-fifth if Congress approves the...

Central States Pension Fund Plans To Slash More Than 400,000 Retirees’ Pension In A Bid To Avoid Insolvency

News : The Inquisitr - News

Central States Pension Fund announced that it needs to cut the benefits of more than 400,000 retirees in order to continue offering retirement benefits. Evidently, of those affected by the cuts, almost 300,000 are truckers. Pension ...

NY teamsters weigh pension cuts in groundbreaking vote

News : The Raw Story

Roughly 34,000 union members who work for United Parcel Service Inc and other logistics companies in New York will decide on Wednesday whether to accept deep pension cuts in what could be the start of a wave of benefit reductions to...

Central States Pension Fund: Teamsters Pension Fund To Be Slashed To Prevent Insolvency

News : The Inquisitr - News

The Central States Pension Fund, which represents approximately 400,000 Teamsters, may soon slash its retirement benefits to prevent insolvency. The truck drivers pension fund cuts are allowable under a controversial new law which a...


Copyright © 2016 Regator, LLC