Sins of Past to Haunt Petrobras Worker Paychecks 18 Years Into Future

 That’s the time frame for a plan, nearing approval, that will trim their monthly paychecks by as much as 40 percent to keep their private pension fund solvent. The cutbacks proposed by Petroleo Brasileiro SA target a 27.7-billion-real ($8.7 billion) deficit run up by the fund since 2013, when many of its investments soured in the wake of a massive graft scandal affecting the company and a rout in global oil prices.