What a great article! And,...Once again,...time to put pressure on Congress to fully fund PBGC for Multi-Employer Plans,...and push for the Butch Lewis Act.
Karen Friedman of the non-profit Pension Rights Center....stresses that defined-benefit pensions are..."wages deferred"......and that the Multi-Employer Pension Reform Act,.....was....and I quote: "Misguided.."
Cutting pension plans wreak havoc on elderly retirees and their families,....at a time in their lives where they no longer have the....physical capacity,.....to make up any shortfall ripped out of their pension by Department of Treasury action......