New Federal Law Targets Retirement Benefit Cuts: “We Thought Our Pension Was Secure” | WHAT REALLY HAPPENED

New Federal Law Targets Retirement Benefit Cuts: “We Thought Our Pension Was Secure”

The $1.01 trillion spending bill being moving through Congress right now includes some new provisions that may come as a shock to millions of American pension holders. In a bipartisan deal that also included leaders of unions and retirement fund management companies, pension recipients who depend on the money promised to them during their working years may see significant cuts to their monthly disbursements.

There have been Senate hearings, exploratory committees and rumors over the years, but nothing had ever really been legislated so most Americans simply ignored it as another one of those “conspiracy theories.”

Unit now.

Webmaster's Commentary: 

INTRODUCING! PENSION MOTEL! YOUR CASH CHECKS IN, BUT IT NEVER CHECKS OUT. ANOTHER FINE PRODUCT BROUGHT TO YOU BY THE UNITED STATES CONGRESS.

On a more serious note, the US Government has just dropped a big hammer on the retirees, a demographic normally supportive of the incumbents.

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