Controversial pension rescue plan finalized

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The White House on Wednesday heralded the finalization of a hotly debated plan to stabilize troubled pensions. 

Speaking in Cleveland, where he was joined by union workers and retirees, President Joe Biden announced a final rule implementing a financial assistance program for multiemployer pension plans. “Those retirees who lost their benefits will have them restored retroactively,” Biden said. “We turned a promise broken into a promise kept.”

The…

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