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The Implications of Multiemployer Pension Plan Cuts
Roughly 10 million participants in multiemployer pension plans are keeping a watchful eye on potential actions by the Treasury Department that could pave the way for cuts in what they once thought of as guaranteed retirement benefits. What’s under consideration is a change in the law that would allow for benefit reductions in pension plans found to be in trouble financially, a move that could substantially upset retirement plans for many people. Janet Kidd Stewart, in a post on www.seattletimes.com, discusses the impact of this draconian potential. Read the article here…
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