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WASHINGTON – Teamsters in Minnesota and across the country may believe they caught a break when the U.S. Treasury Department stopped cuts in their retirement pay. But the Pension Benefit ...
A group of 25 Teamsters pensioners will meet July 11 in Washington with U.S. Treasury Secretary Steven Mnuchin about failing ... in an effort to rescue the failing Central States Pension Fund.
The giant Central States Pension Fund — which has $17.3 billion in net assets — covers more than 250 union locals with more than 400,000 participants who live in 37 states.
No state has more Teamsters workers and retirees under the Central States plan than Michigan, with an estimated 40,300. Ohio is next with 39,900 and Missouri has 27,800.
After learning that the Treasury Department decided to deny proposed cuts to the Teamsters' Central States retirement plan, Rita Lewis burst into tears. "My husband didn't die in vain," the West ...
Secretary Steven Mnuchin met last week with 25 Teamsters retirees from groups in 15 states. They included Tom Schwarzenberger, ... Central States has told its 400,000 members, ...
Teamsters retirees in the faltering Central States Pension Fund talked about solutions with U.S. Treasury Secretary Steven Mnuchin after a year of pressing government about their plight. July 17, 2017 ...
Retired Teamsters from Local 41 in Kansas City rallied in 2015 over proposed cuts to their pensions checks from the failing Central States Pension Plan. File photo by Susan Pfannmuller Special to ...
The Pension Benefit Guaranty Corp. overpaid a struggling Teamsters' retirement plan by $127 million, erroneously including dead retirees, and a House Republican wants answers. Rep. Virginia Foxx ...
The Teamsters/Central States' pension plan, projected to become insolvent in 2025, is 38% funded at a 5.5% valuation interest rate. The four city of Chicago-controlled pension plans, ...
The decision by the Teamsters’ Central States Pension Fund to drop efforts of a second rescue-package submission means the fate of the cash-strapped $16.8 billion multiemployer plan sits with ...