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Status Update of Pension Plans with Approved MPRA Benefit Reductions
Burypensions Link to more items from this source
Apr. 16, 2019
"So far there have been twelve plans approved for benefit cuts under MPRA ... And one plan that got a Proposal Approval letter but not a Final Authorization letter ... We now have data on one plan that has gone through a full year of benefit cuts as reported on their 5500 filings. Payouts dropped about 20% but there is still negative cash flow that projects to bankruptcy, if not in 10 years, then maybe 15."

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