~ Elections do have consequences, the GOP will shove this through - TopicsExpress

~ Elections do have consequences, the GOP will shove this through in 2015 due to now controlling the House and the Senate. SMDH! Thanks Brent ;) ~ -- In the worst case scenario, Scheidt could see his current annual benefits of around $37,000 a year reduced to as little as $15,000. He receives his checks from the Central States Southeast and Southwest Areas Pension Fund, one of the multiemployer plans that is now qualified to cut benefits under the law. Central States lobbied heavily for the new pension-cutting measure, which has led many of its retirees to speculate that it will be one of the first plans to reduce benefits. However, any cuts would ultimately require government approval and will only be allowed at those plans like Central States that are projected to become insolvent in the next 10 to 20 years. Benefits also cannot be cut for those with disability pensions or those who are 80 years and older, while cuts must be less severe for those between 75 and 80. money.cnn/2014/12/22/retirement/pension-cut/index.html?sr=twmoney122214unionretirees1000story&sf34983979=1

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