(Mid-America Pension Rights Project) Michigan Sheet Metal Workers Pension Applies for Benefits Cuts
Via AI-CIO By Michael Katz The trustees of the Sheet Metal Workers Pension Fund of Troy, Michigan, have reapplied for approval from the US Department of Treasury of a proposed suspension of benefits. The fund’s actuaries have estimated that as of May 1, 2019, the pension is only 40.6% funded, and is projected to become insolvent in the plan year beginning May 1, 2033. According … Continue reading (Mid-America Pension Rights Project) Michigan Sheet Metal Workers Pension Applies for Benefits Cuts