6/17/2015 – Federal officials outline process for cutting multi-employer pensions (The Washington Post)

Jun 18, 2015 Comments Off by

An estimated 1 million participants, including many retirees, are in multi-employer pension plans that federal officials say are in danger of running out of money in the near future. Late last year, Congress passed legislation that for the first time allows the benefits of current retirees to be cut as part of a deal to address the fiscal distress confronting some of the nation’s multi-employer pension plans.

Read the full article in The Washington Post. 


Financial Landing 2015

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