The mass looting of pension plans begins as federal law altered to reduce pension payouts
by: J. D. Heyes
NaturalNews.com
Wednesday, December 17, 2014
No doubt in a sop to their corporate masters, a bipartisan group of lawmakers reached a deal just days ago to allow, for the first time, pension benefits of current retirees to be severely cut.
As reported by The Washington Post and MSN, the deal was necessary, say its backers, in order to save some of the most distressed pension plans. But what it will really do is pull the economic rug out from underneath millions of aged retirees when the economy remains sluggish and they are at their most vulnerable.
2014 Spending Bill last-minute attachment saves pension plans, not pensioners
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