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June 25, 2019

On This Day in 1994
Decatur, Illinois police pepper-gassed workers at the A.E. Staley plant gate one year into the company’s two and one-half year lockout of Paperworkers Local 7837.
- Voices of Labor

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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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