Author: dcadmin
Ohio workers’ pension fund woes are symbolic of national problem
Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be as sweet as the Dum Dum lollipops she bags.
Inspiring trip to Columbus brings hope for multiemployer solution
By Karen Friedman I flew into Columbus, Ohio last Thursday to join with 12,000 retired and active miners, truck drivers, warehouse workers, ironworkers, spouses, and others who were part of a historic rally on the lawn outside the Ohio statehouse urging Congress to fix the pension crisis and keep pension promises. The rally was timed […]
Thousands of Workers and Retirees Head to Ohio to Protest Pension Cuts and Pressure Congress to Act
COLUMBUS, OHIO – On Thursday July 12th, thousands of active and retired mineworkers, truck drivers, warehouse workers, bakery workers and others who worked hard to earn a lifetime pension are rallying in Columbus, Ohio to urge lawmakers to protect their benefits. The rally is being organized to coincide with a field hearing that will be […]
Dividing retirement benefits at divorce shouldn’t be this hard
By Emily Spreiser For many people going through a divorce, obtaining a fair share of a former spouse’s retirement benefit is essential to ensuring financial security in old age. This is especially true for individuals who worked in the home while they were married, caring for children or sick or elderly relatives. That is because […]
Congress should read new PBGC report and act fast to solve multiemployer crisis
By Karen Friedman If Congress and the Joint Select Committee on the Solvency of Multiemployer Plans need any further proof that they should act to solve the multiemployer crisis, all they need to do is read the latest report from the Pension Benefit Guaranty Corporation (PBGC). The PBGC’s 2017 Projections Report shows that the financial […]
A Stanley Cup Vision for Retirement
By Karen Friedman I went crazy with happiness last night when the Washington DC Capitals (Caps) beat the Golden Knights to capture the Stanley Cup, the beautiful silver trophy awarded to the team that wins the playoffs in hockey. The Capitals have waited 44 years for this win – and it couldn’t be sweeter for […]
Pension panic: Holland retiree told to repay $38K
When Adeline Reed received a letter from her pension fund telling her she’d been overpaid for nearly a decade, she was shocked.
Speech by Karen Friedman for United Steelworkers Rapid Response Legislative Conference (May 21, 2018)
Karen Friendman gave a speech as part of the Retirement Security Panel at the United Steelworkers Rapid Response Legislative Conference on May 21, 2018.
Pension counselors come to Washington D.C. for National Training Conference
By Emily Gilbert Last week, we held our annual National Training Conference for the U.S. Administration on Aging Pension Counseling and Information Program. There are six regional pension counseling projects across the country that provide free legal help to people in 30 states who have retirement plan problems or questions. Every year, attorneys from the […]
Joint Select Committee focuses on multiemployer basics, asks for public comments
By Karen Friedman On Wednesday, at the first hearing (and second public meeting) of the Joint Select Committee on Solvency of Multiemployer Pension Plans, one fact became abundantly clear: the problem of multiemployer plans is complex and finding a solution to the issue is also going to be a challenge. But there was a general […]
New Efforts to Make Sure Pensions Are Paid
According to the investment management company TIAA, as of 2015, a full 30 percent of employees had abandoned a retirement account from a previous employer. The Government Accountability Office recently reported that from 2004 to 2013, more than 25 million employees left at least one retirement account behind.
Senate Lost and Found bill would help many retirees but would harm others
By Jane Smith Originally introduced in 2016 by Senators Elizabeth Warren (D–MA) and Steve Daines (R–MT), the Retirement Savings Lost and Found Act of 2016 (S. 3078) would have been a great help to the many retirees who are now searching for their earned retirement benefits. The Pension Rights Center wholeheartedly supported that bill. Unfortunately, […]
