General Discussion
In reply to the discussion: I gotta rant on the pension cuts in the funding bill, it made my 77 year old mom cry! [View all]kelly1mm
(4,733 posts)pushed in congress and included in the Comnibus Bill just passed. As several posters have pointed out, the OP's mother's pension is not at all effected by this legislation.
This thread that you are in says exactly what types of pensions are effected and why. The employers did not do this one. It is on the unions this time. The problem with that is there is no pot-of-gold to go after as unions themselves have little to no assetts. These pensions will either go to the Pension Board (greatly reduced) or be voluntarily reduced by the recipients to a somewhat lower reduction in benefits. Or, the taxpayers could make up the difference I suppose (but then one could argue the taxpayers should make the Bethlehem Steel pensions whole as well)