That solid pension benefit? It may be subject to change [1]
Some troubled pension plans now have the authority to drastically reduce the benefits of current and future retirees — something that hasn’t happened since Congress passed legislation protecting retirement benefits 40 years ago.
The power was included in the last-minute, $1.1 trillion budget compromise signed by President Barack Obama on Dec. 16.
Click here [2] to read more at the Pittsburgh Post Gazette.