Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

14,800 Minnesotans face deep cuts to their pensions

 


Ken Petersen spent 30 years as a Teamster trucker, loading and hauling utility poles, fertilizer and other freight. All those years his employers socked money away for the monthly pension check Petersen has received since he retired from trucking in 2003.

Now, to save the Teamsters Central States Pension Fund from collapse, its trustees want to slash the pensions of 272,600 fund members, nearly 15,000 of whom are Minnesotan. Thousands are already retired and living on the pensions.

http://www.startribune.com/14-800-minnesotans-face-deep-pension-cut/361746031/

 

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