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Proposed Cuts to Teamster Pensions Draws Fire from Retirees, Who Vow Action
Logistics Management 
Oct. 14, 2015 " 'I was in shock as to what percentage they wanted,' [said] Mike Walden, 66, chairman of Northeast Ohio Committee to Protect Pensions who worked 31 years for now-defunct Roadway Express and retired 2010... [H]is pension would be cut from around $2,900 a month to around $1,450. 'They (Central States) had said the average reduction was supposed to 22 percent. I have not spoken to anybody whose cut is 22 percent. Most were in the 50 to 60 percent range. To me, their summary is very misleading,' Walden said." MORE >> |
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