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Threatened U.S. pensions safe for now - but what comes next?

Date Published: 
Thursday, May 12, 2016

Should the pension of a retired truck driver - or his widow - be cut by one-third or more because the plan is in trouble? Doing no harm to current retirees is a basic tenet of sound retirement policy, as well as basic fairness. But U.S. legislation passed in 2014 opened the door to the possibility of cutting retiree benefits.