6/21/2015 – Critics question proposed rules for cutting pensions (Pittsburgh Post-Gazette)

Jun 22, 2015 Comments Off by

While managers of the troubled plans are taking steps to shore up their finances, if those measures fall short, the new law allows them to seek U.S. Treasury Department approval to temporarily or permanently cut benefits for those younger than 75. Benefits would not be reduced for those 80 or older and those receiving disability benefits. Those between 75 and 80 would see smaller cuts.

Read the full article in the Pittsburgh Post-Gazette.

Financial Landing 2015

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