Month: January 2022
Local 707 retirees in New York on road to getting benefits restored due to Butch Lewis Act and PBGC
For Immediate Release Contact: Karen Friedman, 202-296-3776 The Pension Benefit Guaranty Corporation (PBGC), the federal agency that backstops failing pension plans, recently announced some great news— that it has, for the fourth time in less than one month, approved financial assistance under the Butch Lewis Emergency Pension […]
Pension Rights Center Committed to Further Karen Ferguson’s Legacy
By David Brandolph The recent death of Karen Ferguson, the Pension Rights Center’s founder, president and revered leader for nearly 46 years, has been a painful blow not only to those of us who knew, admired and loved her, but also to the millions of current and future retirees and their families who benefited knowingly […]
PRC Fact Sheet Answers Questions on Multiemployer Plan Rescue Law’s Implementation
By David Brandolph Last March 11 was a joyous day for the Pension Rights Center, multiemployer defined benefit plan members, plan retirees and their families. Thanks to a joint (and painstaking) seven-year effort to inform and convince Congress of the need to address the systemic threat posed by a pension plan insolvency calamity, President Joseph […]
Nonprofit Leader Crusaded Quietly to Protect Pension Benefits
Karen Ferguson, who has died at age 80, built coalitions in Washington and took phone calls from people struggling to obtain promised payments
