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One Of The Largest U.S. Pension Funds Set To Cut Retiree Benefits




Central States Pension Fund, which handles retirement benefits for current and former Teamster union truck drivers across various states including Texas, Michigan, Wisconsin, Missouri, New York, and Minnesota, and is one of the largest pension funds in the nation, has filed an application to cut participant benefits, which would be effective July 1 2016-Over a quarter of a million people depend on their pension being handled by the CSPF; for most it is their only source of fixed income.

Read Full Story: http://www.zerohedge.com/news/2016-04-20/going-be-...

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