"The answer is, of course, compromise -- a mix of government funds, increased funding/premiums, and benefit cuts that asks as much as is reasonable of plan sponsors and participants and retirees ... and uses federal funds to fill in the gaps. Has the Senate's proposal hit this target? It's hard to say ... but, in a letter addressed to Senators Grassley and Alexander by the National Coordinating Committee for Multiemployer Plans (NCCMP), the NCCMP and its executive director, Michael Scott, report that, in their view, the proposal falls short."  MORE >>