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Teamsters Pension Plan Warns Thousands of Beneficiaries That the Checks May Get Smaller
Pittsburgh Post-Gazette 
Oct. 24, 2017 "The Western Pennsylvania Teamsters fund -- which has about 48 cents for every $1 in benefits it owes to retirees and workers -- notified participants in April that it is considering cutting benefits in order to insure that the fund doesn't become insolvent. The plan is expected to pay out nearly $129 million in benefits this year but will collect only about $54 million in contributions. If the current level of benefits is maintained, the fund is projected to run out of money in 2028." MORE >> |
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