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Thursday, October 08, 2015

273,000 Union Workers Face Pension Cuts

http://money.cnn.com/2015/10/07/retirement/central-states-pension-fund-cuts/index.html

The fund pays pension benefits to workers and retirees from more than 1,500 companies across a variety of industries including trucking, construction, and even Disneyland workers.
The proposal, which still needs approval from the Treasury Department, will spare retirees age 80 or older from any cuts as well as anyone receiving disability protections.
And reductions would be less severe for those older than 75 or widows and widowers receiving spousal benefits.

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