OH Law. Current Pension Benefits Cut.

the law’s background: In 2014 the Ohio legislature passed a law that allows current pension benefits to be reduced, if it will improve the financial health of the fund.

The use of the law: Cleveland’s Iron Workers Local 17 Pension fund will cut benefits on average 20%

What pension beneficiaries say: Some say their benefits will be cut 50%

St. Lois Dispatch | In unprecedented move, pension plan cuts benefits cuts for retirees

Washington Post | In unprecedented move, pension plan cuts benefits promised to retirees