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Lawmakers debate pension cuts for distressed multiemployer plans
Key Republicans and Democrats weigh changes to allow benefit reductions for up to a million retirees in troubled multiemployer pension plans. Officials said talks aim to preserve benefits and avert PBGC bankruptcies as Congress hurries a 1.1 trillion dollar year end spending package to fund the government through Sept. 30, 2015.
MENTIONED IN THIS ARTICLE
Washington
Congress
Federal
Pension Benefit Guaranty Corp
House
Edu
Cation and Workforce Committee
PBGC
Barack Obama
Senate
Obama
Department of Homeland Security
Homeland Security Department
Jeff Sessions
R-Ala
GOP
Federal Motor Carrier Safety Association