Teamsters pension fund cuts would affect 14,800 in Minnesota

WASHINGTON — Cuts proposed by the Teamsters Central States Pension Fund will touch retirees and workers in every corner of Minnesota, a document just released by the Pension Rights Center reveals.

A state-by-state analysis that carries the Central States fund logo details the expenditures driving the giant union retirement fund’s request to slash retirement benefits under a new pension law passed in 2014. Trustees insist it’s the only way to save the fund from insolvency.

The deep cuts will resonate in every Minnesota congressional district with the Sixth and Eighth Districts having the most people at risk, the document shows.

http://www.startribune.com/report-teamsters-pension-fund-cuts-would-affect-14-800-in-minnesota/369889871/