If plans fail and the PBGC becomes insolvent, retirees would see their pensions cut by 90 percent or more.
Frederica Wilson: “If plans fail and the PBGC becomes insolvent, retirees would see their pensions cut by 90 percent or more.”
On the recordMarch 6, 2019
Source
congress.govEditor's note · Context
Wilson warns of severe pension cuts if the PBGC fails.
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