Its Started: 270,000 truckers told their pensions will be cut up to 60%

KANSAS CITY, MO  Retired union workers facing large pension cuts gathered to voice their anger at those cuts Tuesday.

Representative Emanuel Cleaver conducted the town hall meeting.

According to Cleaver, more than 270,000 people from across several states, including Missouri, who have vested millions of dollars into their pension funds, have been told their benefits from the Central States Pension Fund would be drastically cut, some as much as by 60 percent.

They’re people like Jack and Sally Ruffin. The couple retired after more than 30 years each working for a trucking company.

For decades, the Ruffins belonged to the Teamsters, a union that paid into a multicompany pension plan through Central States.

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.

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Steve Says…

“they” are probably trying to trigger the “just in time” warehousing system Fail. Baltic dry index is at an all time low.

Philosophers stone – selected views from the boat http://philosophers-stone.co.uk