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Government put its hand on pension fund.

User Thread
 77yrs • M •
A CTL of 1 means that kathaksung is a contributing member of Captain Cynic.
Government put its hand on pension fund.
Retirement Fund Tapped to Avoid National Debt Limit

By Stephen BarrWednesday, March 8, 2006; Page D04

The Treasury Department has started drawing from the civil service pension fund to avoid hitting the $8.2 trillion national debt limit. The move to tap the pension fund follows last month's decision to suspend investments in a retirement savings plan held by government employees.

http://www.washingtonpost.com/wp-dyn/content/article/2006/03/07/AR200603
0701736.html

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Government put its hand on pension fund.
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