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Public meeting on possible pension cuts Monday in Greensboro

Staff reports

A top U.S. Treasury Department official is holding a public hearing Monday afternoon in Greensboro about possible cuts to a pension fund that could impact retirees.

The hearing is about the Central States Pension Fund, which is seeking to reduce benefits for current retirees. Ken Feinberg, a special appointee overseeing pension changes, is scheduled to meet with members of the public at 4 p.m. at the University of North Carolina at Greensboro’s Elliott University Center, located at 507 Stirling Street in Greensboro.

Union members from Charlotte who could be affected by the pension cuts are planning to go to the meeting to oppose the changes.

Feinberg’s role stems from a 2014 law that allows certain multi-employer pension funds which are in danger of running out of money to reduce payouts to current retirees.

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