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Pension reform bill is a step in the right direction, the unions say

On the eve of a planned vote on legislation that would overhaul the U.S. pension system, the AFL-CIO and the Service Employees International Union said Thursday they would support the bill.

“We welcome the bill, and we applaud it for being a step toward addressing some of the key issues facing the public pension system today,” the two unions said in a joint statement.

The bill, dubbed the American Reinvestment and Reinvestability Act, would increase the annual contribution to the U