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Once Thought Secure, Multiemployer Pensions Teeter and Fall
The New York Times; subscription may be required Apr. 13, 2014 "The pensions of millions of Americans are being threatened because of trouble in a part of the retirement world long considered so safe that no one gave it a second thought.... Multiemployer pensions are not only backed by federal insurance, but they also were thought to be even more secure than single-company pensions because when one company in a multiemployer pool failed, the others were required to pick up its 'orphaned' retirees." |
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