Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform

Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform

Congress is nearing a vote on arguably the biggest change to private pension law in decades. The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law.