Teamsters retirees to meet with Treasury Secretary Mnuchin over failing pensions

A group of 25 Teamsters pensioners, including three from Missouri and Kansas, will meet Tuesday in Washington with U.S. Treasury Secretary Steven Mnuchin about failing pension plans.

Each comes from committees created to fight a proposal last year to slash current retirees’ checks in an effort to rescue the failing Central States Pension Fund. The effort succeeded in May 2016 when Kenneth Feinberg, a special master appointed by the Treasury, rejected the cuts.

It also left the Central States fund, along with other critically underfunded and declining multiemployer pension plans, facing failure.

 

Tuesday’s meeting stemmed in part from a commitment Mnuchin had made to U.S. Sen. Claire McCaskill during his confirmation hearing in January.

Read more: Kansas City Star


Tags:, , ,

Leave a Reply

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