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New federal law allows pension cuts

New federal law allows pension cuts
Albany Times-Union
Date Published: 
Monday, December 22, 2014

More than 100,000 New Yorkers could face cuts in their union pensions in coming years, thanks to a provision that was tucked into Congress' omnibus spending bill this month to keep the federal government funded for another year. The measure would, under certain conditions, allow cuts to what are known as multi-employer pensions.