Union Pension Turmoil

Union Pension Turmoil

The Iron Workers Local 17 in Ohio has become the first pension fund to get Treasury Department approval to cut benefits. Had cuts not been approved, the fund was projected to go insolvent by 2024. “As for current retirees, there are 336 who will see cuts of 30 percent...

Union Pension Woes

The New York State Teamsters Conference Pension and Retirement Fund is expected to file an application today to reduce benefits under the Multiemployer Pension Reform Act of 2014. According to the last 5500 filing in 2014, this plan was 46.5% funded. In a letter on...
Teamster Beat

Teamster Beat

More than 273,000 Teamsters members and retirees are facing drastic pension cuts. While Central States Pension Fund claims the average cut is 22 percent per retiree, Mike Walton, chairman of the recently formed Central Ohio Committee to Protect Pensions, said “We...
INK: October 22, 2009

INK: October 22, 2009

Labor Relations INK Download a PDF of this issue with links here. In This Issue: • EFCA Update • Becker Appointment Controversy • Rules, What Rules? • PLUS October Scoreboard, Employee Relations Tip-Of-The-Month, and more… EFCA Update Not much movement on the...
INK: September 11, 2009

INK: September 11, 2009

Labor Relations INK Download a PDF of this issue with links here. In This Issue: • Insight from Phil Wilson • Big Labor Unveils Organizing Secrets • “Public Option” Failures • Union Support Withering • and more… Labor Relations Insight from Phil Wilson...