News

House approves bill to allow multiemployer pension plan benefit cuts


Trustees of financially distressed multiemployer pension plans would be allowed to cut participants’ benefits to prevent the plans from becoming insolvent under legislation narrowly approved by the House of Representatives Thursday night.

Benefits could be cut if a plan is projected to become insolvent during a current plan year or any of the next 14 years, or any of the next 19 years if the plan’s ratio of inactive participants to active participants exceeds 2-to-1 or if the plan is less than 80% funded.

(more…)

By Philip Valenti, ago

Maximum Award To Mechanic’s Survivors Due to Diesel Fumes


By SARAH DORSEY | Posted: Monday, August 4, 2014 5:15 pm

A former Bus Mechanic’s death from lung cancer was deemed by a Judge to be related to his 28 years working amid heavy diesel fumes in a Metropolitan Transportation Authority garage, in what his widow’s attorneys believe is the first legal case to establish a link between occupational exposure to diesel emissions and cancer.

(more…)

By Philip Valenti, ago