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Pension proposal



Published: Wed, March 6, 2013 @ 12:00 a.m.

Pension proposal

youngstown

According to a recent report by the Teamsters for a Democratic Union, current and former sanitation workers belonging to Teamsters Local 377 will see their pension payments slashed by more than 50 percent should a legislative plan endorsed by the International Brotherhood of Teamsters and other labor unions become law. That plan endorses one similar to the Central States Pension Fund, which is key to negotiations between Republic Services and its employees who are members of Teamsters Local 377.

According to recent published reports, the Central States Pension Fund is underfunded by $14 billion. Republic has proposed that its employees move to a more financially stable 401(k) retirement plan, which is the same retirement plan enjoyed by Republic’s management.

InfoCision openings

Austintown

InfoCision will have open interviews from 9 a.m. to 3 p.m. Thursday at its Austintown office, 5740 Interstate Blvd., to fill 25 positions in the political call center. For more information, call 888-462-7298, ext. 30.

Staff reports


Comments

1redeye1(4629 comments)posted 1 year, 8 months ago

Boy isn't nice that the teamsters union wants to slash almost half of their members pensions. Just another reason to belong to a union I guess!

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