Jump to Navigation
Jump to Content

Congress punishes retirees for company lapses

San Antonio Express-News
Date Published: 
Tuesday, January 6, 2015

When Congress passed the spending bill in December to keep the government running, a hidden provision in the act sent shivers of fear into the retirement industry. The provision allows underfunded multi-employer pension plans to reduce benefits for retirees so the government pension insurance fund won’t have to bail out the plans.