Spending bill aims to rescue some workers' pensions, but not everyone makes the cut

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Congress is looking to push through a bill to protect coal miners' pensions this week. But that raises the question as to what will happen to other workers whose companies, and retirement plans, are going broke. Here's how the negotiations are shaping up.

Capitol Hill lawmakers are looking to push through legislation to protect coal miners' pensions this week.The fix affects just one multiemployer plan, which begs the question: What reform, if any, will rescue other plans?

The measure was passed in a House of Representatives vote on Tuesday. And the Senate also is expected to approve it, since it has the endorsement of Senate Majority Leader Mitch McConnell, R-Ky. Yet the bill is notable for another reason: It potentially paves the way for more broad changes to so-called multiemployer pensions.urging lawmakers to include another piece of legislation, the Rehabilitation for Multiemployer Pensions Act, in the spending package.on a 264-to-169 vote.

 

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