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Cuts in Multiemployer Pension Plans Hurt Older Americans

07/12/2019 | AARP

For 30 years, Mary Fry's husband, Virgil, worked in construction. The pension he earned — $3,568 per month — was guaranteed to continue for Mary if he died first. More...

Elliot freezing pension plan for 600+ workers

06/29/2019 | New Hampshire Union Leader

Elliot Health System is freezing the pensions of more than 600 employees at year’s end in a move that will save several million dollars a year.

“It’s not like we’re taking a pension benefit away and opening up an ice cream stand,” health system President Greg Baxter said in an interview.

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Opinion: Want a pension in retirement? Here’s how to create one

06/18/2019 | MarketWatch

Remember the good old days, when workers retired with a gold watch and a pension? They’re long gone, of course.

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Latest News Releases (View all)

Three Cheers for Congressional Committee’s Vote That Paves Way for Bill Stabilizing Financially Struggling Pension Plans

07/10/2019

The House Ways and Means Committee took a significant step today toward resolving a pending national retirement crisis affecting millions of workers and retirees. It did this by voting in favor of a bill that would provide a lifeline to financially teetering pension plans in the form of government backed loans.

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New Jersey hospital pensioners sue Newark Archdiocese

05/08/2019

Former employees of Saint James Hospital filed a lawsuit on May 7 in the Superior Court of Essex County New Jersey alleging that the Archdiocese of Newark has wrongly denied them at least $2.7 million in lifetime pension benefits.

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House Committee to Tackle Retirement Issues in Feb. 6 Hearing

02/05/2019

The House Ways and Means Committee under the lead of the new Chairman Richard Neal (D-MA) will hear testimony Wednesday morning on “Improving Retirement Security for America’s Workers.”

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Speeches, Statements, and Letters (View all)

PRC Letter to the Ways & Means Committee in support of the Rehabilitation of Multiemployer Pensions Act (July 9, 2019)

07/09/2019

The Pension Rights Center sent a letter to Chairman Neal and Ranking Member Brady on the Ways & Means Committee in the House of Representatives ahead of a markup of the Rehabilitation of Multiemployer Pensions Act, also known as the Butch Lews Act. PRC urged the Committee to support the bill and thanked them for adressing this important issue.

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Joint letter to Secretary of the Treasury on Notice 2019-18 on Lump Sum Buy-Outs

04/10/2019

The Pension Rights Center, AARP, the Alliance for Retired Americans and the National Retiree Legislative Network sent a letter to the Secretary of the Treasury Steven Mnuchin urging him to rescind a recent notice that would allow companies to offer lump sum buy-out offers to retirees already receiving their benefits.

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Statement of the Pension Rights Center on the “Cost of Inaction: Why Congress Must Address the Multiemployer Crisis” Subcommittee on Health, Education, Labor, and Pensions (March 7, 2019)

03/07/2019

The Pension Rights Center submitted this statement for the record of the Subcommittee on Health, Education, Labor, and Pensions hearing, “Cost of Inaction: Why Congress Must Address the Multiemployer Crisis.”

Read the full statement.

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