Multi-employer pension plan could see benefits cuts

06/27/2013 | Reuters

Congress could soon consider changes to the Employee Retirement Income Security Act that include reducing benefits for retirees who participate in multi-employer pension plans. The plans' finances are at risk, and the Pension Benefit Guarantee Corp. does not have enough money to cover potential insolvencies. Some groups are calling for changes that limit effects on those who are already retired and would have trouble adjusting to cuts in their income.

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