Active and retired Teamsters covered by the New York State Teamsters Conference Pension and Retirement Fund are in for an unpleasant change: Their pensions are being cut.
According to a report in the Buffalo News, some 35,000 Teamsters across New York are going to have to deal with the fact that retired workers' benefits, with some exceptions, will be cut 29 percent; active workers' pension benefits will be cut by 18 percent.
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