Cuts planned for Teamster pension benefits in 2016

2015-04-10T22:42:59-07:00April 10th, 2015|Categories: Pension Funding|Tags: , , |

Law co-sponsored by Rep. John Kline allows changes in multi-employer funds. Proposal for cuts was unveiled Wednesday. The financially strapped Teamsters Central States Pension Fund will pursue benefit cuts to retirees – including thousands in Minnesota – under a new federal law co-sponsored by Rep. John Kline, R.-Minn. At a meeting in a Chicago suburb Wednesday, the fund’s trustees told union leaders from across the Midwest that they will pursue a “rescue plan,” said Trevor Lawrence, secretary-treasurer of Teamsters [...]