Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
Economic impact of virus could lower state pension valuation.
Sheet metal workers’ union becomes 15th fund to be cleared to cut benefits.
While the proposals intend to make it less onerous for public companies, market participants have concern about the impact of reduced disclosures for investors.
Fund faulted for using assumptions that contradicted its own information.