User-agent: Mediapartners-Google* Disallow: Trucks World News: RETIRED TRUCKERS * USA: SIGNIFICANT CUTS IN PENSIONS
Google
 
Loading

Mar 30, 2016

RETIRED TRUCKERS * USA: SIGNIFICANT CUTS IN PENSIONS

* Ohio - A "Pension  Rescue Plan" for members of the IBT

-- Retired truck driver John Fredritz’s pension could be cut by 53 percent, to $1,335 per month, as early as July. It is part of a “pension rescue plan” proposed by Central States Pension Fund for members of the International Brotherhood of Teamsters... But for Fredritz, 66, of Carey, and for others, it feels more like being thrown under the bus... Over 400,000 other pension members would see benefits reduced.. It is a particularly bitter pill for Fredritz and over 220,000 retirees who would lose 50 to 70 percent of their pensions... He and many others gave up years of pay increases, even took pay cuts, and contributed thousands of dollars from their pay each year toward their promised pensions. Today, many of them have little savings outside of their pension benefits and Social Security... Holden would lose 66 percent of the pension benefits he contributed to and was promised for 30 years... Too the Teamsters union no longer covers retiree health insurance. At 63, Holden still must wait a couple of years before being eligible for Medicare. Health insurance and health care are costing the Holdens heavily. “That’s where it’s hitting us hard,” he said... And the proposed pension cut would be devastating...
(Photo: Teamster meeting held in Cincinnati Ohio)   --   Findlay, OH, USA - The Courier, by Lou Wilin - Mar 26th, 2016

Labels:

0 Comments:

Post a Comment

<< Home