PRC In the News
Pension cuts helped keep the government open, but they hurt many retired women
On Nov. 14, the Pension Benefit Guaranty Corp. reported that 200 of the 1,400 multi-employer plans covering 1 million participants are at risk of failing within the next decade. The PBGC is worried about this because it becomes responsible for the pension obligations of these failed plans.
The Retirement Savings Plan Financial Advisors Don’t Want You to Know About
For the millions of Americans who don’t have company-sponsored plans, some states are considering offering retirement accounts for private-sector workers.
Legal fight likely over pension reforms
Can the Kline-Miller amendment be overturned in court? Opponents were already weighing their legal options in response to this week’s passage by Congress of the amendment allowing troubled, multiemployer pension plans to cut retiree benefits.
FSI to fight rollout of auto IRAs
Independent broker-dealer group says automatic retirement savings plans pose competition to financial advisers
Reporters fail to capture implications of pension provision
A ‘big shift’ tucked into the spending bill goes under-examined
President Expected to Sign Spending Bill Addressing Multiemployer Plans, 4062(e)
President Barack Obama was expected to sign into law a $1.1 trillion U.S. government spending bill that includes elements designed to boost the nation’s troubled multiemployer pension plan system and provisions addressing several other employee-benefits-related areas.
Pension Benefits: New Law Lets Trustees Cut Them
The House and Senate plan that would let trustees of certain financially wobbly pension plans cut retirees’ benefits is aimed at reducing financial demands on those underfunded plans so they do not collapse totally.
Congress passes major change to law on union pensions
Severely underfunded union pension plans will be allowed to reduce current retiree benefits in order to avoid future insolvency, under a last-minute amendment attached to the $1.1 trillion federal government appropriations bill known as the “CRomnibus.”
Those Pension Cuts and What You Need to Know
Congress recently carved a hole in a 40-year-old pension law that has prevented employers from cutting benefits earned by those already retired. This change applies to people covered under multiemployer plans that are in critical financial shape.
The 2014 Pension 40: Karen Ferguson and Karen Friedman
They’re known in pension circles as Team Karen.
The 2014 Pension 40: The Battle Is On
Our ranking of the 40 most influential players in U.S. pensions highlights new names swept up in an intensifying political struggle.
Cromnibus Continues Attack on Pensions
There are plenty of setbacks for working people, and benefits for the rich and corporations, in the $1.1 trillion appropriations bill just passed by Congress. But what it does to pension protections is appalling.
