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Bill Hendershot and his wife live on his union pension and Social Security. Hendershot, a retired Consolidated Freightways long-distance truck driver, gets around now in a 12-year-old Toyota Corolla. The couple still pay a mortgage on their home in Canal Fulton.
And he’s among a huge group of union retirees nationwide who could see their monthly private pension payments cut as much as 60 percent under a national reform measure signed into law in December by President Barack Obama.
“I could lose two-thirds of my pension,” Hendershot said. “You ask, how could I live? You talk about drastic reductions. … We don’t live big now.” read more
http://www.ohio.com/business/union-...c-pension-cuts-under-new-federal-law-1.567186
And he’s among a huge group of union retirees nationwide who could see their monthly private pension payments cut as much as 60 percent under a national reform measure signed into law in December by President Barack Obama.
“I could lose two-thirds of my pension,” Hendershot said. “You ask, how could I live? You talk about drastic reductions. … We don’t live big now.” read more
http://www.ohio.com/business/union-...c-pension-cuts-under-new-federal-law-1.567186
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