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Message: <blockquote data-quote="DELACROIX" data-source="post: 4796514" data-attributes="member: 49065">I read up on some of it’s provisions..the money will not go directly into the troubled pension plans but will be given to the PBGC for dispersement after the endangered fund applies and is accepted.  That lump sum payment becomes the retirees pension fund.There is no COLA ‘s or increases permitted, it will cover these suffering plans till 2051, after that really does not matter.  They have to invest is safe investments and bonds, no high risk gambling in the stock markets.I believe that they have to apply before 2027, which should be no problem with the largest fund “Central States”,  by far the biggest elephant in the room.  They are raising the PBGC premiums to 55 dollars per participant annually. The PBGC is also in trouble but apparently they will work on that down the road.</blockquote>