Wednesday, May 26, 2010
PBGC insurance for union pensions can really leave retirees in the cold
The article goes on to describe another taxpayer bailout proposal, with what it calls a Fifth Fund, part of the Create Jobs and Save Benefits Act of 2010. The text for the bill seems to be on this pdf ; I couldn’t find it in govtrack yet.
The name of the article, by F. Vincent Vernucclo and Jeremy Lott, is “Look for the union fable: Taxpayers could be on the hook for pension bailouts,” link here.
(note: the url for this post is different because "PBGC" was at first mistyped in the title.)