Teamsters to explore pension cut options going forward - Times Union
October marked the start of a 29 percent monthly pension cut for thousands of retired upstate New York Teamsters.
But they are hoping that one of the union's major employers, the UPS package delivery firm, can help them ease those cuts with the help of loans from the federal government.
While some pension activists and union members have pondered such a loan for a while, Baum notes that UPS has lobbying power necessary to open doors in Congress.
October marked the start of a 29 percent monthly pension cut for thousands of retired upstate New York Teamsters.
But they are hoping that one of the union's major employers, the UPS package delivery firm, can help them ease those cuts with the help of loans from the federal government.
While some pension activists and union members have pondered such a loan for a while, Baum notes that UPS has lobbying power necessary to open doors in Congress.