"The process used by the Central States Pension Fund to distribute benefit cuts among participants is flawed and results in an inequitable distribution of benefits cuts," according to the comments submitted to Treasury by the Pension Rights Center.
The Pension Rights Center maintains that dozens of other multi-employer pension plans that are eligible to make retiree pension cuts under the law are waiting for the Treasury Department’s decision on the Teamsters before deciding whether to move forward with their own applications to cut retiree pensions.
Other pension plans that could make such applications to Treasury regarding proposed cuts cover retirees who had worked as cement masons, bricklayers, bakery workers, electrical workers, machinists, iron workers, and others, according to the Pension Rights Center.