US Senate steps into pension problems

Mark Williams  |  December 2, 2019

By Mark Williams, includes “… Earlier this year, the House passed its version, which includes a federal loan program that struggling funds could tap to get back on solid footing. The estimated cost of the program to taxpayers from 2020 through 2029 is $64 billion … The version Grassley and Alexander have introduced would do a combination of things meant to stabilize the funds and the Pension Benefit Guarantee Corp., which serves as the federal backup when plans fail. …”

Read the full article on: The Columbus Dispatch (Ohio)

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