Houston workers fight for promised pensions

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 23, 2016.

  1. cheryl

    cheryl I started this. Staff Member

    Houston workers fight for promised pensions - Houston Chronicle

    Retirement plans are in danger of temporary, permanent federal cuts

    Central States Pension Fund, which represents 49 companies including Kroger and UPS, submitted its paperwork Sept. 25 and cuts will take effect July 1. Nearly $2.2 billion and the pensions of 24,625 Texans provided by Central States are at risk.

    Friedman said the issue can be slowed by lawsuits and the treasury, but only Congress can fix it.