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Home > Congressional leaders hammer out deal to allow pension plans to cut retiree benefits

Congressional leaders hammer out deal to allow pension plans to cut retiree benefits [1]

Michael A. Fletcher
The Washington Post
December 10, 2014
View the original piece [2]

A bipartisan group of congressional leaders reached a deal Tuesday evening that would for the first time allow the benefits of current retirees to be severely cut [3], part of an effort to save some of the nation’s most distressed pension plans.

The measure, attached to a massive $1.01 trillion spending bill, would alter 40 years of federal law and could affect millions of workers, many of them part of a shrinking corps of middle-income employees in businesses such as trucking, construction and supermarkets.

Click here [2] to read more at The Washington Post.

Issues: 
Pension and Benefits [4]

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Source URL: http://www.tdu.org/media/congressional-leaders-hammer-out-deal-allow-pension-plans-cut-retiree-benefits

Links:
[1] http://www.tdu.org/media/congressional-leaders-hammer-out-deal-allow-pension-plans-cut-retiree-benefits
[2] http://www.washingtonpost.com/business/economy/congressional-leaders-hammer-out-deal-to-allow-pension-plans-to-cut-retiree-benefits/2014/12/09/4650d420-7ef6-11e4-9f38-95a187e4c1f7_story.html
[3] http://www.washingtonpost.com/business/economy/congress-could-soon-allow-pension-plans-to-cut-benefits-for-current-retirees/2014/12/03/62e5112a-7b0c-11e4-9a27-6fdbc612bff8_story.html
[4] http://www.tdu.org/issues/pension-and-benefits