Tag: Benefit cutback|Congress|ERISA|Legislation|Multiemployer plan|PBGC|PBGC limits/ guarantees|PBGC premium|Pension Rights Center|Traditional (defined benefit) pensions|Treasury Department|Underfunding
PRC Statement on Retiree Pension-Cut Legislation Included in Omnibus Bill
Washington – On December 16, President Obama signed the 2015 Omnibus spending bill. The new law contains provisions that allow certain underfunded multiemployer pension plans to cut retirees’ benefits. The Pension Rights Center released the following statement from Executive Vice President Karen Friedman: “For decades, the federal pension law has ensured that retirees are […]
