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George Miller III
Congress' backroom pension-cutting deal is even worse than expected
Congress' backroom pension-cutting deal is even worse than expected

At last the actual language has been released of the backroom, last-minute congressional deal allowing benefits of millions of retired workers to be shredded. It's even worse than its critics anticipated. We've tracked this inexcusably hasty, secretive maneuvering during the last week, reporting that it allows extreme, potentially premature cuts in benefits for retirees who are members of multi-employer pension plans. Such plans typically are sponsored jointly by unions and employers in given industries, like trucking. See our posts here and here for more background. The measure ostensibly aims to stave off insolvency for multi-employer plans facing...

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