"Help is on the way to ease the financial burden of unionized trucking companies that belong to multiemployer pension plans and possibly assist those companies in their attempt to continue to belong to those plans under modernized rules.
But that help may come from unprecedented cuts in previously generous retirement benefits to tens of thousands of retirees from the beleaguered unionized portion of the less-than-truckload (LTL) trucking industry.
Pension and trucking industry officials familiar with the changes say there is a “high prospect” of legislative relief for multiemployer plans that will revolutionize the way such plans are funded and administered. It would be the first major change to the multiemployer pension system since the trucking industry was deregulated in 1980."
Finally, relief for multiemployer pension plans seen coming in 2014 - Article from Logistics Management
But that help may come from unprecedented cuts in previously generous retirement benefits to tens of thousands of retirees from the beleaguered unionized portion of the less-than-truckload (LTL) trucking industry.
Pension and trucking industry officials familiar with the changes say there is a “high prospect” of legislative relief for multiemployer plans that will revolutionize the way such plans are funded and administered. It would be the first major change to the multiemployer pension system since the trucking industry was deregulated in 1980."
Finally, relief for multiemployer pension plans seen coming in 2014 - Article from Logistics Management
