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March 19, 2024

Today in 2005
Walmart agrees to pay a record $11 million to settle a civil immigration case for using undocumented immigrants to do overnight cleaning at stores in 21 states. ~ Labor Tribune

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It Just Became Easier for Employers to Dump Retirees’ Pensions
Posted On: Mar 21, 2019
Mar. 21, 2019 | RETIREMENT SECURITY | Traditional pensions are disappearing in America, and the federal government just made it easier for employers to get rid of them. With no fanfare in early March, the Treasury Department issued a notice that allows employers to buy out current retirees from their pensions with a one-time lump sum payment. The decision reverses Obama-era guidance, issued in 2015, that had effectively banned the practice after officials determined that lump-sum payments often shortchanged seniors. Now, advocates for the elderly worry that millions of people receiving monthly pension checks could be at risk… CNN
 
 
Teamsters Local 355
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