Senate Considers Union Pension Bailout
Friday, May 28, 2010
By Christopher Neefus

(CNSNews.com) – A Senate committee will consider on Thursday a bill introduced by Sen. Robert Casey (D-Pa.) that critics say would create a taxpayer-backed bailout of multi-employer pension funds that are in critical financial condition.

“Pension plans across the country have taken major losses because of the near economic collapse and the decline in the stock market,â€