- Associated Press - Wednesday, February 17, 2016

KANSAS CITY, Mo. (AP) - Hundreds of retired Teamsters have turned out in Kansas City to air concerns about proposed pension cuts.

The Kansas City Star (https://bit.ly/20CZHrn ) reports that the Central States Pension Fund’s proposed cuts were the focus of a town hall meeting Tuesday.

Well-known mediator Kenneth Feinberg is reviewing applications from pension plans under a law passed in 2014. The law would cut benefits as a last ditch means to stave off insolvency of troubled plans such as the huge Central State Fund. It covers 400,000 participants, 220,000 of them retired.

Two much smaller pensions also have sought similar relief under the law, and still more pensions are significantly underfunded.

Feinberg has held seven other public sessions, with Kansas City’s being the last.


Information from: The Kansas City Star, https://www.kcstar.com



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