Congressman Cleaver Holds Town Hall Meeting on Massive Cuts to Central States Pension Fund
On Tuesday, February 16, 2016, Congressman Emanuel Cleaver held a town hall meeting for retired workers who are affected by the massive cuts to the Central States' Pension Fund. Over 850 people showed up at the Downtown Convention Center in Kansas City to share their concerns with Ken Feinberg, the U.S. Department of Treasury's Special Master for the implementation of the Kline-Miller Law. Over 400,000 people from across several states who have vested millions of dollars into their pension funds have been told that their benefits from the Central States Pension Fund would be drastically cut, some as much as by 60%. People who have saved all of their working lives for this moment of retirement are now finding out that there is not enough to fund their pensions.