Pension cuts coming 3-15

U.S. Congress Clears Deck for Pension Decimation

The Columbus Dispatch reported:

Many retirees are unaware “of the risk to their pension as a result of the legislation passed in December as part of a spending bill meant to run the federal government through the rest of its fiscal year.  The legislation affecting the retirees was added at the last minute.  It is targeted at companies that enter into pension plans with other companies.  There are about 10 million workers and retirees in 1,400 multiemployer plans, according to the Pension Rights Center in Washington.”

How does such an important piece of legislation, one impacting millions of retirees on a long term basis, get inserted into a federal temporary funding bill?  It’s a result of corporate sponsored politicians.

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