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Keyword: reducedbenefits

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  • Study: Many workers could see cuts in pension benefits

    03/11/2015 8:23:57 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Mar 11, 2015 3:11 PM EDT
    A new federal study says many workers in employer-funded pension plans that fail could see their benefits reduced under the current system of government support. The study was released Wednesday by the Pension Benefit Guarantee Corp., the federal agency that insures pensions for about 41 million Americans. It found that about half of employers in so-called multi-employer pension plans that fail in the near future will receive reduced payouts. …