Tag: Benefit cutback|Congress|ERISA|Legislation|Multiemployer plan|Pension Rights Center|Traditional (defined benefit) pensions|Underfunding
4 Ways Congress Just Screwed Up Pensions
When the Senate approved the omnibus spending bill to prevent the government from shutting down, it also delivered a blow to some retirees who collect pensions. In a little-discussed provision of the bill, certain multi-employer pension plans were given the go-ahead to reduce pension checks to current recipients by up to 60 percent. Didn’t see […]
