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GOP pension funds raid sparks bipartisan warning
Washington lawmakers debate a GOP proposal to let companies tap surplus pension funds for any use, a plan critics say would drain about 30 billion and jeopardize benefits for millions while boosting tax revenue. AARP and PBGC officials warn retirees face risk, while proponents cite reinvestment and fairness.
MENTIONED IN THIS ARTICLE
Washington
Martin Slate
Pension Benefit Guaranty Corp
David Certner
American Association of Retired Persons
House
Ways and Means Committee
Ways and Means
Bill Archer
R-Texas
Orkers
Slate
GOP
Ari Fleischer
Alice Rivlin
Wiite House
AARP
Certner
Clinton
Associated Press