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Pension cuts helped keep the government open, but they hurt many retired women

Washington Post
Date Published: 
Thursday, December 18, 2014

On Nov. 14, the Pension Benefit Guaranty Corp. reported that 200 of the 1,400 multi-employer plans covering 1 million participants are at risk of failing within the next decade. The PBGC is worried about this because it becomes responsible for the pension obligations of these failed plans.