Another Teamster Pension Fund Collapses
Pension funds are in serious trouble nationwide. Here’s the latest. There are plenty more on the way, and as you’ll see, it’s absolutely devastating to retirees.
“The New York Teamsters Road Carriers Local 707 Pension Fund has won the unfortunate award for “First Pension to Officially Run Out of Money”, […] the Pension Benefit Guaranty Corp. (PBGC) has officially been forced to step in and take over payments to retirees of the Local 707, albeit at a much lower rate.” Read more…
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