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The huge Central States Pension Fund, which administers retirement benefits for some former and current Teamster truckers, said the reductions are the only way to save the plan from insolvency.
The multiemployer arm of the Pension Benefit Guaranty Corporation is scheduled to go bankrupt in 2025 — and by “scheduled” I mean that the Central States ... on the 2017 “Form 5500 ...
Central States Pension Fund Trustees will consider their next steps, after the Treasury rejection. UPS encourages Central States to file a revised benefit reduction plan that follows the law.
One of the largest pension funds in the country says it needs to cut benefits for 273,000 current and future retirees. If the cuts aren't made, the Central States Pension Fund could to run out of ...
In the aftermath of the rejection of the Central States Southeast and Southwest Areas Pension Plan (“Central States”) application to reduce core benefits ... of some form of legislation ...
Yet others argue that a Central States insolvency would destroy the multiemployer portion of the federal Pension Benefit Guaranty Corp. The federal insurance program for single-employer pensions ...
The Central States Pension Fund, which provides benefits primarily to retired Teamsters truck drivers and their families, fought for nearly a decade before landing the bailout as part of the $1.9 ...
The White House announced this morning that it was awarding $35.8 billion to the Central States Pension Fund, which provides benefits primarily to retired Teamsters truck drivers and their ...
In 2007, United Parcel Service Inc. (UPS) withdrew from the Central States Pension Fund and paid its ... UPS agreed to make up for any benefit reductions that were later applied to Central States ...
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