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As we have heard throughout 2013, pension reform is being discussed in D.C. The current legislation is due to expire 12/31/14 so something new is going to have to be put into place this year. This important issue is worth watching as it is most likely going to affect all of us in a negative way.
For openers here is one article on the issue.
A Fight Builds Over Multi-Employer Pensions - In These Times
For openers here is one article on the issue.
As Congress inches toward proposing legislation that would arguably enable the most significant changes to private pension law in decades, opposition from organized labor is slowly mounting.
In addition to the Machinists, the first union to come out strongly against the proposal, the Teamsters, Steelworkers and Boilermakers are now raising concerns. The wave of rebelling unions marks the most significant opposition that the proposal, which enjoys bipartisan support among the most influential members of the House Education and Workforce Committee, has yet to encounter.
A Fight Builds Over Multi-Employer Pensions - In These Times