Pensions. Going, Going …

As Congress prepares to finish up the $1.1. trillion spending bill required to keep the government open, a deal that will significantly impact pension plans is coming into focus. If you believe this deal is about ‘saving’ or ‘fixing’ pensions,  you haven’t been paying attention. The Congressional proposal would allow plans that are projected to run out of money in the next 10 to 20 years to cut the benefits they pay to both current and future retirees. Provisions include those that would raise premiums, allow troubled pension plans covering Read the Full Story