a jar of pennies tipped over

Four Pension Funds Apply for Benefits Reductions

Via http://www.ai-cio.com

Requests for benefits reductions have picked up this spring, as Treasury Department filings show four pension funds recently applied for benefits cuts under the Kline-Miller Multiemployer Pension Reform Act of 2014.

They are the Sheet Metal Workers Local Pension Fund, the Plasterers Local #82 Pension Plan, the Pressroom Unions Pension Trust Fund, and the Plasterers & Cement Masons Local 94 and Pension Fund.

That brings the total to five plans seeking benefits cuts so far in 2018. A total of 10 applications were filed in 2017, nine in 2016, and two in 2015.

Read the full article here.