WDIO: Congressman Rick Nolan Responds to Teamster Pension Decision
Congressman Rick Nolan was in Duluth Saturday, responding to the latest news on pensions for thousands of retired Teamsters.
on Friday, the U.S. Treasury Department said no to a proposal that would have drastically cut the Teamsters' pension income.
Some Minnesota Lawmakers are saying this is good news, including Rep. Nolan, who calls it a huge victory for folks here and around the country.
"It means they're going to get their full pensions, and it also means there are hundreds of other pension funds in the country in similar situations," Rep. Nolan said.
"If this pension fund is allowed to be diminished and dramatically reduced, it would mean that nobody's pension fund in America would be safe," he added.
Rep. Nolan was also in Duluth to speak at a Politics Community Workshop with the League of Women Voters.