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Congressional Leaders Hammer Out Deal to Allow Pension Plans to Cut Retiree Benefits
The Washington Post; subscription may be required Link to more items from this source
Dec. 9, 2014
"The measure, which would be attached to a must-pass spending bill in the coming days, would alter 40 years of federal law and could affect millions of workers ... Some see cutting benefits preemptively as the only way to keep troubled plans such as Central States afloat. Under the agreement reached by congressional negotiators, retirees over age 75 as well as those who are disabled would be shielded from any reductions. Also, any benefit cuts would be subject to a vote of plan participants."

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