WASHINGTON, D.C. — Retired iron workers in Northeast Ohio will get a short reprieve before their pensions could be cut.
It’s not as if their union pension plan has turned around financially, however. If anything, new projections show the Iron Workers Local 17 fund — the retirement fund for the men and women who erected the skyscrapers, bridges and airport towers Clevelanders pass by every day — will be insolvent by 2024, a year earlier than thought.
Cuts of monthly pensions by up to about half must be made for some retirees in order to make sure there’s something left for everyone over time, the pension’s trustees say.
But the union fund’s trustees late last week withdrew their government application for permiss…
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