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Stealth Bill Would Allow Cuts to Current Pensions
LaborNotes Link to more items from this source
Oct. 23, 2013

"The law says pension plans can't cut the pensions of those already retired. But some multi-employer plans are in big trouble, so their unions and employers are uniting to lobby for the right to slash members' benefits.... The proposal on its way to Congress would give plan trustees the authority to cut pensions now to 110 percent of the PBGC-guaranteed figure, or $14,157 a year for the best-off."

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