250,000+ Retired Truckers = 50%+ Pension CUTS (50% less per month!)

This is insane –
www.fox10tv.com/story/31236011/retirees-facing-pension-cuts-voice-anger-complaints

more at link, but get a load of this…
“A few months ago, Sally Ruffin received a letter telling her the monthly checks would be much smaller, cut from $3,300 to $1,650.
The cuts to her husband’s pension go even deeper.
“I’m getting a 50 percent cut. My husband’s getting almost a 60 percent cut,” Sally Ruffin shared.
The couple lives modestly in Weatherby Lake, MO. Now, they’re not sure how they’re going to pay the bills like their mortgage payment.
“We don’t know what’s going to happen,” Sally Ruffin said.
Cleaver has joined the fight against the cuts.
“We’re not talking about some welfare situation. These people have worked hard all of their lives to earn this money,” Cleaver said.
The cuts are the result of the Multiemployer Pension Reform Act, which allows the pension company to ask the U.S. Treasury for permission to cut payments to remain solvent.
Read more:
www.fox10tv.com/story/31236011/retirees-facing-pension-cuts-voice-anger-complaints#ixzz40RDqRAwz
They will BAIL OUT banks and they will BOMB foreign nations, but they will not help out us, US CITIZENS. Especially THOSE THAT PAID IN FOR THESE PENSIONS for YEARS and YEARS! Sorry, had to all cap. This is just BS.
 
It is even worse. Obama is in on it now…
White House pushes ahead with plan to slash pensions for up to one million retirees
By Andre Damon | WSWS | February 9, 2016
The Obama administration is pushing ahead with its plans to slash pension benefits for up to one million participants in “underfunded” multi-employer pension funds as part of its drive to make defined-benefit pensions a thing of the past for all US workers.
The White House campaign, carried out in a conspiracy with the major trade unions and multinational corporations, takes place in the wake of the 2013–2014 bankruptcy of Detroit, which set a precedent for slashing the legally protected pension benefits of retirees.
full_
alethonews.wordpress.com/2016/02/10/white-house-pushes-ahead-with-plan-to-slash-pensions-for-up-to-one-million-retirees/
“We’re not talking about some welfare situation. These people have worked hard all of their lives to earn this money,” Cleaver said.
“The cuts are the result of the Multiemployer Pension Reform Act, which allows the pension company to ask the U.S. Treasury for permission to cut payments to remain solvent.
“If they do this with us, there’s other pension companies just watching us to be cut,” Jack Ruffin commented.
www.fox10tv.com/story/31236011/retirees-facing-pension-cuts-voice-anger-complaints
No one is immune to losing everything they’ve worked for in life. People might think they are well off and taken care of, but really they are at the mercy of the whims of others.
Once one pension company goes, they will all go. They view us all as expendable. Their priority is to remain financially solvent, not to take care of the people.
 
 
I mean, come on, UPS was such a good, outstanding company… and this is what the brown truck driver get’s in return?
“I suffered the loss of my first marriage, twisted ankles, and a damaged back, 21 dog bites, and all for that pension,” said one retired UPS delivery driver.
see – alethonews.wordpress.com/2016/02/10/white-house-pushes-ahead-with-plan-to-slash-pensions-for-up-to-one-million-retirees/
You all have had your Christmas gifts delivered by one of these folk. Now losing more then half of their monthly pension.
Most blue-collar workers pretty much do it for that pension. That was all they looked forward to.
 
AC