Author: dcadmin
Teamsters, machinists, aerospace unions supports bill to repeal multiemployer reforms
International Brotherhood of Teamsters, Washington, endorsed legislation introduced Thursday that would repeal the Multiemployer Pension Reform Act of 2014.
PRC Comments to Treasury on the Multiemployer Pension Reform Act of 2014 (May 26, 2015)
The Pension Rights Center sent comments [PDF] on the retiree cutback provisions of the Multiemployer Pension Reform Act of 2014 to the Treasury Department in response to its Request for Information. Additional resources Our summary of the retiree pension cutback provisions in the spending bill. Our fact sheet on multiemployer plan funding in general (May 29, 2014) Related […]
Sen. Bernie Sanders and Rep. Marcy Kaptur Act to Stop Devastating Cuts to Retirees’ Pensions
WASHINGTON – The Pension Rights Center strongly praised Senator Bernie Sanders (I-Vt.) and Representative Marcy Kaptur (D-Ohio) for introducing legislation today that would repeal the pension cutback provisions of the Multiemployer Pension Reform Act of 2014 (MPRA). The Keep Our Pension Promises Act of 2015 would preserve retirees’ pensions while providing financial relief to troubled […]
Ohio congresswoman Marcy Kaptur, Bernie Sanders offer new legislation to repeal private pension cut provisions
Presidential candidate Bernie Sanders and U.S. Rep. Marcy Kaptur, D-Toledo, are introducing legislation Thursday to repeal pension cut provisions in the Multiemployer Pension Reform Act of 2014.
IRS’s W. Thomas Reeder Nominated To Lead PBGC; Pick Widely Lauded
President Barack Obama nominated W. Thomas Reeder Jr. as director of the Pension Benefit Guaranty Corporation, and initial reaction the day after was positive from various realms of the employee benefits community.
Speech by Karen Friedman to the Pension Rights Committee of North Carolina (May 30-31, 2015)
Good morning, my friends from the Pension Rights Committee of North Carolina. Thanks for inviting me to speak today. I am the executive vice president and policy director of the Pension Rights Center, the country’s oldest national consumer organization working to protect and promote the retirement rights of workers, retirees, and their families. We’ve been […]
States seek workplace retirement plans
According to the latest data, about 55 million U.S. private-sector workers don’t have access to a workplace retirement-savings plan, and states want to change that.
As Pension Recoupment Grows, Advocates For Pensioners Offer Advice to Agencies
Pension plans have been ratcheting up demands that retirees reimburse them for benefit overpayments, and a lack of government guidance has pushed those efforts even further, advocates for pensioners told Bloomberg BNA.
Supreme Court Decision in Tibble a Victory for 401(k) Participants
WASHINGTON – On May 18, the U.S. Supreme Court ruled in favor of employees in Tibble v. Edison International, a class-action lawsuit filed by participants in the power company’s 401(k) plan. The plaintiffs argued that plan trustees violated their fiduciary duty by paying more than necessary for certain investments, which negatively impacted their account balances. […]
As Church Plan Debate Hits Next Level, 3rd Cir. Receives Competing Amicus Briefs
More than two years into a litigation effort challenging the way large hospitals run their pension plans, all eyes are on the U.S. Court of Appeals for the Third Circuit, which recently received a flood of amicus briefs arguing both sides of the debate.
Supreme Court decision should help lower 401(k) fees
In a decision that should put further downward pressure on 401(k) fees, the Supreme Court ruled unanimously Monday that the trustees in charge of such plans have an ongoing duty to monitor plan investments.
