Yellow | Pension Plans Won't Be Able To Repay Loans...

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WASHINGTON—Dozens of seriously underfunded trade union pension plans won’t repay millions of dollars in tax-funded government loans intended to help them regain financial integrity and pay promised benefits, according to the Congressional Budget Office (CBO).

“CBO projects that about one-quarter of the affected pension plans would become insolvent in the 30-year loan period and would not fully repay their loans,” the federal agency told Sen. Mike Enzi (R-Wyo.) in a Sept. 7 letter.

https://www.theepochtimes.com/cbo-p...not-work-as-loans-will-go-unpaid_3076811.html
 
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