By Melissa Burke, includes “The Rehabilitation for Multiemployer Pensions Act would create a new office in the U.S. Treasury Department to issue bonds to finance loans to distressed pension plans, allowing them to remain solvent and continue to provide benefits for retirees and workers. 'The No. 1 thing is there would be no cuts for workers,' Dingell said in an interview. 'They put their money in for a lifetime. Can you imagine what it’s like to work a lifetime, live by the rules, get to your 70s and suddenly have no retirement security?'"

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