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North Dakota Teamsters pin hopes on legislation to save pensions
BISMARCK — Members of North Dakota Teamsters are rallying around legislation meant to stabilize their pension fund, which is approaching insolvency within the decade.
Sen. Heidi Heitkamp, D-N.D., visited Bismarck Tuesday, Nov. 21, to drum up grassroots support for the Butch Lewis Act, of which she is a co-sponsor.
The Central States Pension Fund, which benefits about 2,000 Teamsters in North Dakota, as well as other states, took a hit as a result of the 2008 recession, along with having more retired than active members.
Heitkamp called the potential 20 percent to as much as 80 percent declines in pensions an "injustice."
Read more: http://www.inforum.com/news/4363487-nd-teamsters-pin-hopes-legislation-save-pensions