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Effort to slash pensions rejected

by Dan Burns on May 7, 2016

pensionsI wrote about this issue before, here.


A U.S. Treasury Department pension ruling will block a reduction in pension payments to hundreds of thousands of retirees, including roughly 15,000 in Minnesota. Friday’s decision drew praise from the state congressional delegation’s Democrats who said anything less would be a broken promise.
The decision involving the Central States Pension Fund headed off potential cuts of up to 50 percent.

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