Government paves way for multiemployer pension plan cuts

June 17, 2015 3:55 PM

56 0

The government is paving the way for up to about 1 million people covered by underfunded multiemployer pension plans to face benefit cuts over the next few years.

The move by the Treasury Department implements a new law that earned mixed reviews from the unions whose members are covered by such plans, including construction workers, Teamster truckers, and food service workers.

Also read: Trump touts Charter hiring that was in works for two years

Read more

To category page

Loading...