Author: dcadmin
Speech by Karen Friedman to New York Nurses Association (October 12, 2017)
Karen Friedman gave a speech to New York Nurses Association on October 12, 2017. You can read the speech here.
Role of retirement plans in tax debate highlights how poorly Americans are saving for retirement
The dust-up over 401(k)s is a good opportunity to remind everyone how bad the state of the average person’s retirement plan is.
Teamsters pension plan warns thousands of beneficiaries that the checks may get smaller
The Western Pennsylvania Teamsters fund — which has about 48 cents for every $1 in benefits it owes to retirees and workers — notified participants in April that it is considering cutting benefits in order to insure that the fund doesn’t become insolvent.
Comments on 2017 Draft Instructions for Form 8955-SSA
The Pension Rights Center submitted comments to the Internal Revenue Service on the draft Instructions for Form 8955-SSA. The comments emphasized the importance of deferred vested statements to participants. The statements are based on information reported on Form 8955-SSA. The Center urged the IRS to reject earlier guidance that permitted plans to give less comprehensive […]
Hospital Workers’ Pension Plan On Life Support
Across the country, millions of employees have entrusted their retirement savings to unregulated pension plans known as church plans. Many of these plans are run by church-affiliated schools, nursing homes and hospitals.
New York State Teamsters’ pensions to be slashed because of unfair law
By Karen Friedman Last week, the news came in that workers and retirees voted in favor of pension cuts by the New York State Teamsters Pension Fund. But dig a little deeper and you’ll see that the vote results are tainted. Because if you look at ballots cast, the workers and retirees overwhelmingly voted against […]
Furniture workers pension cuts okayed despite majority no vote
Thousands of members of a pension fund for furniture workers will soon see their benefits cut, even though a large majority of those members voted against the cuts or didn’t vote at all.
DuPont offers buyouts to 9,500 pensioners
DuPont quietly offered about 9,500 of its U.S.retirees a chance to exchange their pensions for a lump-sum buyout or small monthly annuity.
St. Joseph’s Pension Fund Bankruptcy Could Be Just One of Many in RI
Church pension plans controlled by the Diocese of Providence, like the bankrupt pension fund of St. Joseph Health services, may be in distress too – but no one knows and the Diocese of Providence will not respond to repeated requests for comments.
8 states, 8 state-sponsored retirement plans
In fact, while 30 states are considering retirement plans for small business employees, eight states are already going ahead with plans to provide workers with a means to save for retirement that doesn’t depend on their employers.
Treasury Department Gives Thumbs Up to Second Pension Rescue
A pension fund in Nashville is now the second plan covering unionized workers to receive Treasury Department approval to cut members’ benefits.
Federal Treasury Department approves potential Teamster pension cuts
The U.S. Treasury Department has approved a proposal for a 29 percent pension cut for members of a Teamsters unit based in upstate New York.
