Active and retired Teamsters covered by the New York State Teamsters Conference Pension and Retirement Fund are in for an unpleasant change: Their pensions are being cut.
According to a report in the Buffalo News, some 35,000 Teamsters across New York are going to have to deal with the fact that retired workers' benefits, with some exceptions, will be cut 29 percent; active workers' pension benefits will be cut by 18 percent.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
