Teamsters cuts to factor into Senate hearing

Massive pension cuts proposed by the Teamsters’ Central States Pension Fund will figure prominently in a U.S. Senate hearing Tuesday.

The Senate Finance Committee will take up “The Multi-employer Pension Plan System: Recent Reforms and Current Challenges” at 9 a.m. Central. Presenters scheduled include Rita Lewis, an Ohio woman who receives benefits from Central States as the widow of a driver who died late last year.

Tuesday’s hearing follows a string of public sessions at which retirees and others attacked the pension fund’s planned cuts, set to begin in July if approved. Many at a session in Kansas City pushed for a delay to find other solutions.

Last week, trustees of Central States urged lawmakers to support its plan. The trustees said in a letter to lawmakers that government funding to close the gap would be the only viable alternative.

Live video of the hearing will be available online.

Read more: Kansas City Star


Tags:, ,

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more