Archive for the ‘ Pension Benefit Guaranty Corporation ’ Category

LATimes: Congress poised to allow cuts to private pension payouts

U.S. Capitol

Congressional action could mean that more than 1 million Americans could see part of their monthly pension checks evaporate.

By Evan Halper
December 11, 2014

More than 1 million Americans who were promised secure, predictable retirement income probably will see part of their monthly benefit checks evaporate as Congress moves to stabilize some private pension systems veering toward insolvency.

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National Journal

By Billy House
December 8, 2014

As lawmakers pressed Monday to finalize the legislative language of a must-pass omnibus spending bill, labor unions and retiree groups were mobilizing to defeat what they are characterizing as a lame-duck sneak attack on the pensions of some already-retired workers.

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