PRC In the News
Feds fret over underfunded corporate pensions
Corporate pensions increasingly look like an economic time bomb for the government.
The Pension Promise
Quick question: When is a Jewish federation like a church? Answer: When it doesn’t have to fully protect its employees’ pensions.
AMR retirees ask judge to deny termination of pension plans
Retirees of AMR Corp., parent of American Airlines, who believe the company will abandon its pension obligations are asking U.S. Bankruptcy Judge Sean Lane to deny the company’s proposed termination of its pension plans, court documents show.
Loophole Puts Pension Plans at Risk
Seeking to cut pension costs, Jewish social service groups are using an obscure tax loophole to skirt federal rules that protect workers from being left out in the cold if their retirement plans collapse.
Signs Your Pension Plan Is in Trouble
If your pension plan is underfunded, you could be at risk of losing some of your benefits. That isn’t news. But did you know that your pension can be at risk even if the plan is relatively healthy?
Switch to ‘church plan’ pension status at Saint Peter’s University Hospital stirs concerns
Larry Kaplan is feeling anxious, and he’s not alone.Ten years ago, Kaplan retired from his position as a manager for nutrition services at Saint Peter’s University Hospital, and he now lives in Toms River with his wife, Gloria. He said he fully expected his defined benefit retirement plan would be secure under federal private pension […]
American Airlines pension default Q&A
American Airlines is heading toward the largest default of a defined-benefit pension plan in U.S. history.
Retirees face the risk of outliving their money
Treasury Department proposes a solution: annuities through workplace plans
Cracking Open Today’s Retirement Strategies
The days when workers could count on a comfortable retirement after a lifetime of company devotion are a distant memory for most. Public pension funds across the country teeter on the edge of collapse, and the traditional company pensions that sustained previous generations through their golden years are fading into the sunset.
Retiree benefit cuts a given; which ones?
Retiree benefits aren’t as secure as they used to be, as auto and airline workers and others have learned in recent years.
Workers fight switch to church pension plans
The Employee Retirement Income Security Act, known as ERISA, regulates most private-sector pensions. But it has always exempted plans operated directly by churches for their clergy and employees to make it easier for the churches to operate their plans.
N.J. workers at religious institutions fear change threatens pensions
Tens of thousands of current and former employees at scores of religiously affiliated institutions across the country face the same fear, as nonprofits increasingly seek refuge in “church” pension plans to escape onerous financial obligations, according to Eric Loi, an attorney at the Washington D.C.-based Pension Rights Center.
