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Lawmakers consider multibillion-dollar bailout for troubled pensions, retirees

Nov 20, 2018 - Washington Post Blogs

Top lawmakers are considering a taxpayer-funded bailout for retirees who are members of certain failing pension plans, scrambling to solve a retirement crisis that threatens more than 1 million Americans.

A draft of the plan, obtained by The Washington Post, would direct the Treasury Department to spend up to $3 billion annually to subsidize payments for retirees from certain underfunded pensions.

It would also require benefit cuts, higher premiums and new fees levied against compa...