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Multiemployer Pension Cuts: Reasons Why
Burypensions Link to more items from this source
Dec. 15, 2014
"The multiemployer plan pension-cut bill about to be enacted makes sense if you consider: Employers in these plans, who are the source of its funding, have almost no say after they sign up.... Funding rules, though stricter than government plans, still allow for discretion in selecting assumptions ... [T]he cost of withdrawal may dwarf what [the employer] had been paying for what they believed was the cost of benefits for their employees.... Fund employees, lawyers, actuaries, accountants, and investment advisers take money directly out of these plans that would be curbed with a [PBGC] takeover."

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