Tag: Benefit cutback|Congress|Legislation|Multiemployer plan|Pension freeze|Pension Rights Center|Public pension plans|Social Security|Stock market|Traditional (defined benefit) pensions|Underfunding
Pension plans, once inviolable promises to employees, are getting cut
The stock market has soared more than 75 percent in the past five years, yet many pension funds, where many middle-class workers should benefit from the market’s rise, continue to struggle, jeopardizing benefits for the workers who were counting on them in retirement.
