Bricklayers’ Pension Plan Latest to Seek Benefit Cuts

via bna.com, by Kristen Ricaurte Knebel, Bloomberg BNA, July 22, 2016, An Ohio-based multiemployer bricklayers’ pension fund has become the latest fund to seek Treasury Department approval to reduce benefits. The Bricklayers & Allied Craftsmen Local No. 7 Pension Plan, based in Austintown, filed an application on June 28 for benefit cuts under the 2014 law that opened the door to such moves, the Multiemployer … Continue reading Bricklayers’ Pension Plan Latest to Seek Benefit Cuts

Akron-area Teamsters Headed to Washington to Protest Pension Cuts

via ohio.com, by Jim Mackinnon, Beacon Journal, April 12, 2016, Thousands of retired Teamsters — including two busloads from the Akron area — will pressure federal lawmakers Thursday at a rally in Washington, D.C., to ward off deep pension cuts expected to start this summer. “The rally is going to be on the west front lawn of the U.S. Capitol,” said Mike Walden, a retired … Continue reading Akron-area Teamsters Headed to Washington to Protest Pension Cuts

West Chester Widow to Testify on Pension Cuts

via Cincinnati.com, by Fatima Hussein, cincinnati.com, February 26, 2016, Rita Lewis lost her husband on New Year’s Day. Now she may be about to lose much of his retirement money. The West Chester widow is headed to Washington D.C., next month, to speak about the ongoing pension crisis involving the Central States Pension Fund affecting hundreds of thousands of retired Teamsters nationwide. Lewis will testify at a hearing of the Senate … Continue reading West Chester Widow to Testify on Pension Cuts

Teamsters Meet in Youngstown Over Pension Cuts

Update regarding the Ohio Teamster’s Pension, via WFMJ, by Danielle Cotterman, wfmj.com, January 31, 2016, Sunday afternoon, Teamsters from around the state packed a local union hall to discuss proposed pension cuts for thousands of workers who participate in the Central States Pension Fund. The meeting was held at Teamsters Local 377 in Youngstown. “Our dollars have gone away, I probably put $410-thousand plus in … Continue reading Teamsters Meet in Youngstown Over Pension Cuts

Retirees Soon to Learn How Much Pensions May Be Cut

via dispatch.com, by Mark Williams, The Columbus Dispatch, October 2, 2015, Retired truck drivers and others who draw a pension from an underfunded pension plan expect to find out in the next couple of days how much their monthly stipend may be cut. The Central State Pension Fund said today that it has mailed information to all fund participants about how its rescue plan to stabilize … Continue reading Retirees Soon to Learn How Much Pensions May Be Cut