Lawmakers considering multibillion-dollar bailout for some retirees with failing pensions

2018-11-27T14:38:18-07:00November 27th, 2018|Categories: Pension Funding|Tags: |

Lawmakers on Capitol Hill are considering a multibillion-dollar bailout for retirees who are members of certain collapsing pension plans, The Washington Post reported Tuesday. The proposal, a draft of which was obtained by the Post, would require the Treasury Department to spend as much as $3 billion annually to subsidize payments for retirees enrolled in designated pensions. The bailout is one of several proposals under consideration by a special congressional committee wrestling the pension crisis. Lawmakers are also considering solutions such as new [...]