Press Release
Supreme Court to decide whether certain nonprofit pension plans can claim “church plan” status
WASHINGTON – On Friday, the U.S. Supreme Court announced that it will hear three cases to decide whether pension plans established by religiously-affiliated nonprofit healthcare systems can receive the same treatment as plans established by churches. In all three cases, lower courts have ruled that the plans are not exempt from federal law and must […]
Joint Statement Opposing Consideration of “Composite” Pension Legislation
The International Association of Machinists and Aerospace Workers, the International Brotherhood of Boilermakers, the International Brotherhood of Teamsters, the National Retirees Legislative Network, the Pension Rights Center, and the United Steelworkers strongly oppose legislation recently released by the House Education & Workforce Committee that would create “composite” multiemployer pension plans. Our organizations strongly support defined […]
Pension Rights Center praises U.S. Treasury Department rejection of Central States Pension Fund application to cut retiree pensions
WASHINGTON – The Pension Rights Center joins hundreds of thousands of retired truck drivers, spouses, widows and active workers in praising the U.S. Department of the Treasury for rejecting the Central States Pension Fund’s application to cut its retirees’ pensions. “The Treasury Department decision is a victory for democracy,” said Karen Friedman, the Center’s executive […]
MEDIA ADVISORY: Retired truck drivers, spouses and widows to rally at U.S. Capitol to protest proposed pension cuts
WASHINGTON – Tomorrow, on Thursday, April 14th from 11:00 a.m. to 1:00 p.m., thousands of retired truck drivers, spouses and widows will travel to Washington, D.C., for a rally on the West Lawn of the U.S. Capitol to urge policymakers and the Treasury Department to stop unprecedented cuts to their hard-earned pensions. These retirees are […]
Pension Rights Center Applauds Release of Rule Protecting Investors from Conflicted Investment Advice
WASHINGTON – The Pension Rights Center applauds the U.S. Department of Labor for finalizing an important regulation to help ensure that financial advisers and brokers who give advice on investments in 401(k) plans and IRAs do so in the best interests of their clients. The Labor Department estimates that American families lose as much as […]
MEDIA ADVISORY: Retirees coordinate statewide “March Madness” actions to protest unfair pension cuts
In a series of coordinated actions taking place from March 10-13, angry retired truck drivers, spouses and widows are taking to the streets in five states to protest unprecedented proposed cuts to their pensions. The retirees are calling on presidential candidates and members of Congress to protect their pensions and to educate other retirees that […]
PRC Praises Labor Department for New Rules for Economically Targeted Investments
WASHINGTON – U.S. Secretary of Labor Tom Perez announced today new guidance for economically targeted investments (ETIs) in retirement plans. By issuing Interpretive Bulletin 2015-01, the Department of Labor (DOL) affirmed that the first duty of pension plan trustees is to the workers and retirees who depend on the plan for their retirement, but the […]
Pension Rights Center Response to Central States Teamsters Pension Fund Letter
On September 22, James P. Hoffa, General President of the International Brotherhood of Teamsters, wrote to Thomas Nyhan, Executive Director of the Central States Teamsters Pension Fund, to ask that the Fund’s trustees not propose “draconian benefit cuts that will impose significant hardships” on the Fund’s participants. Such cuts were authorized by the Multiemployer Pension Reform […]
Pension Rights Center Calls Proposed Retiree Benefit Cuts by the Central States Pension Fund a “Pension Demolition Plan”
WASHINGTON – Last week, the Central States Pension Fund began notifying hundreds of thousands of retirees that it has applied to the U.S. Department of the Treasury to cut their pensions. The application was filed under the Multiemployer Pension Reform Act of 2014 (MPRA), which allows trustees of severely underfunded multiemployer pension plans to cut […]
Save Our Retirement Coalition response to letter sent to Secretary Perez on the fiduciary rule
The Pension Rights Center, as part of the Save Our Retirement Coalition, issued a statement in reaction to a letter sent to Labor Secretary Tom Perez by several members of Congress regarding the Department’s proposed fiduciary rule. Read the statement.
Countdown to Cuts: Retirees Call on Policymakers to Stop the Clock on Cuts to Their Pensions
WASHINGTON – Hundreds of retired truck drivers and their spouses came to Washington, D.C., today to tell policymakers how proposed cuts to their pensions – as authorized by the Multiemployer Pension Reform Act of 2014 (MPRA) – could devastate their retirement security. Retirees from Colorado, Illinois, Iowa, Massachusetts, Michigan, Missouri, Nebraska, North Carolina, Ohio, Tennessee, and Wisconsin came to […]
Labor Leader Robert Roach, Jr. Joins Pension Rights Center Board of Directors
WASHINGTON – The Pension Rights Center is pleased to announce that Robert Roach, Jr., former General Secretary-Treasurer of the International Association of Machinists and Aerospace Workers (IAM) has joined the Center’s board of directors. Roach joins a prestigious roster of academic, legal, and policy experts in guiding the nation’s leading consumer organization on retirement income […]
