Proposed pension cuts have Teamster retirees worried

Retired truck drivers and other retirees who draw a pension from an underfunded pension plan expect to find out early this fall how much their pension will be cut. The Central States Pension Fund has told retirees that it is wrapping up work on what it calls a “necessary and fair pension rescue plan” and plans to file it with the federal government. A law passed by Congress last year allows “multi-employer pension plans” to reduce benefits to shore up their sagging financ