Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform

Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform

12/03/14

Congress is nearing a vote on arguably the biggest change to private pension law in decades. The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law.

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