U.S. Senator Sherrod Brown, of Ohio, who has been sounding the alarm on a pending pension crisis and was named co-chair of the newly-formed Joint Select Committee on the Solvency of Multiemployer Pension Plans, spoke at a National Press Club in Washington, D.C. Sen. Brown continues to work to strengthen and improve programs that protect
Thousands of retirees and union members held a rally on Capitol Hill to demand that Congress block the Central States Pension Fund from cutting their pensions. Machinists & Teamsters support retirees in their effort to get the Treasury department to reject the Central States application. A decision is expected this Spring.
Members of Local 1542 in Arnprior, ON, recently concluded contract negotiations with Arnprior Aerospace and were able to turn back company proposals that sought to reduce wages, cut holidays and eliminate pensions for current and future employees. Despite assistance from a provincial mediator, the company continued to propose terms that eliminated pensions for new hires