Pensions
Treasury OKs Benefits Cuts for Ohio, NY Union Pensions
Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
Tag: multiemployer Pension Reform Act
Pensions
Musicians’ Pension Fund Applies for Benefits Cut
Proposed reductions would affect nearly half of plan’s 51,000 participants.
Newsmakers
Declining Musicians’ Pension Fund Sings the Benefit Reduction Blues
National plan can take this step under a federal law passed in 2014.
Treasury OKs Benefits Reductions for Teamsters Pension
Local 805 Pension Fund can begin cutting benefits as of Jan. 1.
Newsmakers
US Treasury Approves MPRA Benefits Reduction for Michigan Pension
International Association of Machinists Motor City Pension is the fourth fund to receive approval.
PBGC to Provide Furniture Workers’ Plan Early Financial Assistance
Approval is the first under the Multiemployer Pension Reform Act of 2014.
NY Teamsters Pension Fund Reapplies for Benefits Cuts
New application raises return assumptions and lowers proposed reductions.
Legislators Introduce Bill to Block Pension Benefits Cuts
Bill would repeal benefits reduction option provided by Multiemployer Pension Reform Act of 2014.
Teamster Pension Withdraws Benefits Reduction Application
New York-based plan expected to resubmit application with revised assumptions.