On a personal note, I am far to angry and upset to do a decent post on this topic as I am about to see my 30 year worked for pension go down the drain with this obscene Boehner budget fiasco. I have taken liberally from Always on Watch, and I thank her.
Excerpt from the Washington Post article Congressional leaders hammer out deal to allow pension plans to cut retiree benefits:
A measure that would for the first time allow the benefits of current retirees to be severely cut is set to be attached to a massive spending bill, part of an effort to save some of the nation’s most distressed pension plans.
The rule would alter 40 years of federal law and could affect millions of workers, many of them part of a shrinking corps of middle-income employees in businesses such as trucking, construction and supermarkets….
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