Pensions
Indiana Roofers Pension Applies to Treasury for Benefits Cuts
Trustees of Roofers Local No. 88 propose a 10% reduction in benefits across the board.
Tag: Benefits Reductions
Pensions
Musicians Pension Fund Reapplies for Benefits Cuts
Previous application to Treasury Department had been rejected over mortality, new entrant rate assumptions.
Regulation
Oregon Supreme Court Upholds Pension Benefit Cuts
Unanimous ruling finds that an employer is not prevented from changing the terms of future work.
Newsmakers
Treasury Rejects Benefit Cut Requests from Musicians, Teamsters Pensions
MPRA rejections were the first under Treasury Secretary Mnuchin.
Pensions
Treasury OKs Benefits Cuts for Ohio, NY Union Pensions
Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
Pensions
NYC Teamsters Pension Reapplies for Benefits Cuts
Local 807 Labor-Management Pension Fund participants could see average benefit reduction of 21%.
News
Sheet metal workers’ union becomes 15th fund to be cleared to cut benefits.
Treasury Approves Benefits Reduction for Michigan Pension
Sheet metal workers’ union becomes 15th fund to be cleared to cut benefits.
Newsmakers
Michigan Sheet Metal Workers Pension Applies for Benefits Cuts
Pension reapplies for reduction after withdrawing first application in October.
Treasury OKs Benefits Reductions for Teamsters Pension
Local 805 Pension Fund can begin cutting benefits as of Jan. 1.
Exclusive: California Supreme Court Sets Oral Arguments on Public Pension Rights
The hearing on Dec. 5 will help determine if public workers’ pensions can be reduced and could have national implications.
Newsmakers
Struggling Cincinnati Pension Plan Applies for Benefits Reduction
Laborers Local No. 265 is seeking a flat reduction of 40% of benefits.
Treasury Dept. Approves Benefits Reduction for Two Pension Funds
Total number of funds cleared to enact benefits reductions rises to seven.
Portland Pension Fund Applies for Benefits Reduction
Western States Office and Professional Pension is seeking a 30% cut in benefits.
Four Pension Funds Apply for Benefits Reductions
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.