Testifying to a Congressional committee, PBGC head Thomas Reeder suggested limiting the 'broad discretion' plan trustees and unions have when negotiating pension benefits. (Photo: Shutterstock)
The Central States Teamsters Pension Plan, United Mine Workers Pension Plan, and 128 other collectively bargained pensions that are projected to be insolvent within the next two decades can only be saved by one thing: a lifeline from the federal government and tax payers.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
