Blogs & Newsletters

Retirees to Congress and Treasury Department: Don’t cut our pensions!

Last Thursday, more than 2,000 retirees from around the country visited Washington, D.C., to tell Congress and policymakers one thing: Don’t cut our pensions. These retired truck drivers, warehouse workers, dock workers, widows, spouses and other retired Teamsters attended a rally held at the U.S. Capitol to protest devastating pension cuts that could affect more […]

Speeches & Statements

Karen Friedman’s speech to the Protect Our Pensions Rally (April 14, 2016)

I’m so glad to be here with thousands of you at the Protect Our Pensions Rally! First, I want to especially thank Mike Walden and Bob Amsden and all the leaders of the pension committees throughout the country who made this event happen. You are doing a GREAT job. I’m also honored to share the […]

Press Release

MEDIA ADVISORY: Retired truck drivers, spouses and widows to rally at U.S. Capitol to protest proposed pension cuts

WASHINGTON – Tomorrow, on Thursday, April 14th from 11:00 a.m. to 1:00 p.m., thousands of retired truck drivers, spouses and widows will travel to Washington, D.C., for a rally on the West Lawn of the U.S. Capitol to urge policymakers and the Treasury Department to stop unprecedented cuts to their hard-earned pensions. These retirees are […]

Press Release

Pension Rights Center Applauds Release of Rule Protecting Investors from Conflicted Investment Advice

WASHINGTON – The Pension Rights Center applauds the U.S. Department of Labor for finalizing an important regulation to help ensure that financial advisers and brokers who give advice on investments in 401(k) plans and IRAs do so in the best interests of their clients. The Labor Department estimates that American families lose as much as […]

PRC In the News

Losses under Goldman, Northern Trust accelerated Teamsters cuts

One of America’s most battle-hardened pension funds was flying high last decade with large bets on stocks, lower-rated bonds and real estate. But even during the best of times, the Central States Pension Fund needed to draw down at least $1.2 billion a year in capital to pay for overhead and Teamsters union drivers’ benefits.

PRC In the News
04/05/16|New York Times

San Francisco Poised to Approve Fully Paid Parental Leave

“There’s been a lot of proposals out there, but California became the state leading the effort,” she said. “It’s a recognition that most people are retiring without adequate income.”

PRC In the News
04/01/16|Orlando Sentinel

Disney case shows pitfalls of overlooking pension plan descriptions

How much effort should a company make to inform employees how their personal decisions could affect their benefits? This week, a widow learned she lost an appeal to the Walt Disney Co. over that issue.

PRC In the News
04/01/16|The Badger Herald

Pension cuts to keep federal fund afloat could drown retirees in debt

A recovery plan that would reduce pension paychecks to keep the Central States Pension Fund afloat could ultimately drown Wisconsin retirees and the state’s economy in financial problems.

PRC In the News
04/01/16|San Francisco Business Times

California proposal would require businesses to help workers save for retirement

Companies with as few as five employees could soon be required to provide them with retirement savings accounts, under a new proposal wending its way through the state Legislature that is nearing a vote.