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The Central States Pension Fund was the first to take advantage of the law and apply for a benefit cut. The trustees deemed this necessary to extend the solvency of the fund, which could otherwise run out by 2025. Investment losses during the financial crisis, increased numbers of retirees, and fewer companies contributing to the plan put the fund in precarious financial straits. https://theintercept.com/2016/04/20/bill-that-obama-extolled-is-leading-to-pension-cuts-for-retirees/?comments=1#commentsTim Nelson said:that won't involve arbitration. But the IAMPF is a complete disaster. I was really surprised that the TWU proposed to apply the IAMPF to all TWU members, and refused to propose language to unfreeze your pension. I have no idea why any of us would keep this Association after a ratified agreement. We may all need to form a committee and focus on a plan that stops contracting out our union's representation to these 3rd party AFLCIO Labor Reps. May be more accountable to do it ourselves as our stews and pilots do.