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That Solid Pension Benefit? Subject to Change
Pittsburgh Post-Gazette Link to more items from this source
Dec. 28, 2014
"[B]enefits for a 70-year-old worker with 20 years of service and a $3,000 monthly pension could be cut to $787 a month. Someone who worked 15 years and earned a $1000 monthly benefit could get only $590 per month... [W]orkers and retirees ... in an insolvent [single-employer] plan that gets taken over by the agency ... receive a maximum annual benefit of $59,320 if they retire at 65. The most a worker covered by a multiemployer plan with 30 years of service will get through the PBGC if their plan is insolvent is $12,870 per year."

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