The Treasury Department decided last week that to cut pensions by close to 50% was illegal. As soon as we get more on that decision we will send it out to you.
This video, made before the Treasury decision, shows you just how scary the entire situation could be for your and your members. The Treasury appointed administrator can actually overturn the vote of the members and institute the cuts.
Complicated but important for you and your members to understand. Most are kids in their 20’s and it hard for them to focus on this. Your job is to scare them enough so they take notice and support you in your efforts to stop these attempts to rip up contracts and steal people’s pension money.