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Treasury Is Right to Block Subpar Settlement

The Wall Street Journal
Date Published: 
Thursday, May 19, 2016

The Treasury Department rejected the Central States Pension Fund’s application to cut thousands of retirees’ benefits by 40%-70%, not because it was “nitpicking” but because the application was legally flawed and didn’t meet the conditions set forth by the Multiemployer Pension Reform Act of 2014 (MPRA).