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UPS Retirement Topics
Portman's Pension Accountability Act
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<blockquote data-quote="UPSmechanicinblue" data-source="post: 1867406" data-attributes="member: 28826"><p><a href="https://teamster.org/news/2015/10/teamsters-applaud-introduction-pension-accountability-act-sen-portman" target="_blank">https://teamster.org/news/2015/10/teamsters-applaud-introduction-pension-accountability-act-sen-portman</a></p><p></p><p>The Teamsters Union applauds the efforts of Sen. Rob Portman (R-Ohio) to pass legislation that would guarantee thousands of retirees and workers threatened by deep cuts to their pensions a meaningful voice in deciding their own future, without the threat of the Treasury Department nullifying their decision if it judges that the insolvency of the fund would be "systemically important" by causing a liability of more than $1 billion to the Pension Benefit Guaranty Corporation (PBGC).</p><p></p><p>....</p></blockquote><p></p>
[QUOTE="UPSmechanicinblue, post: 1867406, member: 28826"] [URL]https://teamster.org/news/2015/10/teamsters-applaud-introduction-pension-accountability-act-sen-portman[/URL] The Teamsters Union applauds the efforts of Sen. Rob Portman (R-Ohio) to pass legislation that would guarantee thousands of retirees and workers threatened by deep cuts to their pensions a meaningful voice in deciding their own future, without the threat of the Treasury Department nullifying their decision if it judges that the insolvency of the fund would be "systemically important" by causing a liability of more than $1 billion to the Pension Benefit Guaranty Corporation (PBGC). .... [/QUOTE]
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