Wednesday, December 15, 2010 By Aaron Brown
Today outgoing Congressman Jim Oberstar's office released news of an upcoming report on the status of these pensions, leading some involved to believe that some good news might await the retirees in early 2011. Oberstar's office has been on this issue for years. Today's release was quick to point out that this is one area where the constituent files will be shared with incoming Rep.-elect Chip Cravaack to ensure that the fires applied to the feet of the PBGC will continue burning. The endless point work by Oberstar's staff on this deserves recognition.
This story serves mostly as a reminder of some of the problems many future retirees will face in coming decades, myself included, as pension plans are roughed up in corporate mergers and public sector decline.