Government paves way for multiemployer pension plan cuts

June 17, 2015 3:55 PM

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The government is paving the way for up to about 1 million people covered by underfunded multiemployer pension plans to face benefit cuts over the next few years.

The move by the Treasury Department implements a new law that earned mixed reviews from the unions whose members are covered by such plans, including construction workers, Teamster truckers, and food service workers.

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