Sunday, April 13, 2014

The not-so-sure deal

NY Times: "Thought secure, pooled pensions teeter and fall"
In February, the Congressional Budget Office projected that the federal multiemployer insurer would run out of money in seven years, which would leave retirees in failed plans with nothing.
Tell me the story once again about how the shift from defined benefit program to defined contribution programs is bad for workers.  Anybody from Detroit want to sound off?

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