Tag: Benefit cutback|Congress|Department of Labor|Legislation|Multiemployer plan|PBGC|Pension Rights Center|Traditional (defined benefit) pensions|Treasury Department|Underfunding
Some Union Pension Cuts Likely As New Federal Rules Take Shape
The likelihood that hundreds of thousands of union members nationwide won’t be receiving the full pension benefits promised to them is becoming clearer as federal regulatory agencies in Washington, D.C., move to implement new pension legislation quietly approved in the final weeks of 2014.
