Teamsters' Pension Fund Warns 400000 of Cuts, A arresting Teamsters alimony fund, one of the largest, has filed for about-face beneath a new federal law and has beatific belletrist to added than 400,000 associates admonishing that their allowances have to be cut.
Any about-face of the decades-old Central States Alimony Armamentarium would yield months and would apparently be a barbarous action as workers, retirees, abutment leaders and administration all seek to assure aggressive interests. It is a multiemployer plan, the blazon led accordingly by a abutment and a amount of companies, that has acquired alarm for abounding years, because if it failed, it could clean out a federal allowance affairs that now pays the allowances of a actor retirees.
If the about-face ultimately proves successful, however, it could serve as a archetypal for added retirement affairs with similar, acutely awkward banking problems.
Any about-face of the decades-old Central States Alimony Armamentarium would yield months and would apparently be a barbarous action as workers, retirees, abutment leaders and administration all seek to assure aggressive interests. It is a multiemployer plan, the blazon led accordingly by a abutment and a amount of companies, that has acquired alarm for abounding years, because if it failed, it could clean out a federal allowance affairs that now pays the allowances of a actor retirees.
If the about-face ultimately proves successful, however, it could serve as a archetypal for added retirement affairs with similar, acutely awkward banking problems.
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