WASHINGTON – Retirees covered by financially troubled multiemployer pensions could soon see their benefits cut under a $1.1 trillion congressional spending deal to keep the government running.
Architects of the proposal said it was the best way to keep the pension plans viable and benefits flowing to retirees.
“We have a plan here that first and foremost works for the members of the unions, the workers in these companies and it works for the companies,” said Rep. George Miller, D-Calif., who worked the deal out with Rep. John Kline, R-Minn.
But it quickly drew fire from some labor unions and AARP, who denounced what they call backroom deal-making that will create hardships for older Americans.
Therefore the Lord himself will give you a sign. Behold, the virgin shall conceive and bear a son, and shall call his name Immanuel.