Retirees’ Worst Nightmare: Federal Backing Of Pension Funds At Risk

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Looming insolvency of Central States pension plan has stakeholders calling for bipartisan solution

https://www.rollcall.com/2020/02/28...are-federal-backing-of-pension-funds-at-risk/

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Teamsters listen to Massachusetts Rep. Richard E. Neal speak about efforts to save pensions in South Boston on Jan. 24, 2018. The promise of a monthly pension check, once considered ironclad, is now in doubt for more than a million retirees and older workers nationwide, including tens of thousands in Massachusetts and neighboring states. Their underfunded pension plans are creeping toward insolvency, putting benefits they earned over the course of a career at risk of being cut or even eliminated. (Lane Turner/The Boston Globe via Getty Images file photo)

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