Panic among the millions with certain types of pension plans.
Truckers, especially, are worried about their retirement plans with a new provision in the latest big federal budget plan that could lead to pension cuts of up to 60%. Dale Dobbs, with the newly formed Wisconsin Committee to Protect Pensions asks, what’s next?
Apparently, the pensions are facing liquidity problems with far more retirees taking money out of the plans than new workers paying in.