Retirees Struggle To Locate Billions In Lost Pensions As Government Looks For Solutions
Deborah Imondi knows pensions. The 66-year-old retiree from Johnston, Rhode Island, managed a large corporate pension fund for 25 years.
Wall Street Journal article highlights “harsh” pension practice
By Karen Friedman This weekend’s edition of the Wall Street Journal features a front page article by Theo Francis highlighting pension plans’ practice of trying to recover money they have mistakenly paid their retirees, often years later when the retiree cannot afford to pay back the money. Although this practice, often called “recoupment,” has gone […]
These 3 big surprises can derail your retirement
The countdown to retirement can include all sorts of plans — setting aside extra cash in in the 401(k) plan, aiming to pay down debt, dreaming about the first trip you’d like to knock off your bucket list.
Ohio workers’ pension fund woes are symbolic of national problem
Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be as sweet as the Dum Dum lollipops she bags.
Inspiring trip to Columbus brings hope for multiemployer solution
By Karen Friedman I flew into Columbus, Ohio last Thursday to join with 12,000 retired and active miners, truck drivers, warehouse workers, ironworkers, spouses, and others who were part of a historic rally on the lawn outside the Ohio statehouse urging Congress to fix the pension crisis and keep pension promises. The rally was timed […]
Thousands of Workers and Retirees Head to Ohio to Protest Pension Cuts and Pressure Congress to Act
COLUMBUS, OHIO – On Thursday July 12th, thousands of active and retired mineworkers, truck drivers, warehouse workers, bakery workers and others who worked hard to earn a lifetime pension are rallying in Columbus, Ohio to urge lawmakers to protect their benefits. The rally is being organized to coincide with a field hearing that will be […]
Dividing retirement benefits at divorce shouldn’t be this hard
By Emily Spreiser For many people going through a divorce, obtaining a fair share of a former spouse’s retirement benefit is essential to ensuring financial security in old age. This is especially true for individuals who worked in the home while they were married, caring for children or sick or elderly relatives. That is because […]
Congress should read new PBGC report and act fast to solve multiemployer crisis
By Karen Friedman If Congress and the Joint Select Committee on the Solvency of Multiemployer Plans need any further proof that they should act to solve the multiemployer crisis, all they need to do is read the latest report from the Pension Benefit Guaranty Corporation (PBGC). The PBGC’s 2017 Projections Report shows that the financial […]
A Stanley Cup Vision for Retirement
By Karen Friedman I went crazy with happiness last night when the Washington DC Capitals (Caps) beat the Golden Knights to capture the Stanley Cup, the beautiful silver trophy awarded to the team that wins the playoffs in hockey. The Capitals have waited 44 years for this win – and it couldn’t be sweeter for […]
Pension panic: Holland retiree told to repay $38K
When Adeline Reed received a letter from her pension fund telling her she’d been overpaid for nearly a decade, she was shocked.
Speech by Karen Friedman for United Steelworkers Rapid Response Legislative Conference (May 21, 2018)
Karen Friendman gave a speech as part of the Retirement Security Panel at the United Steelworkers Rapid Response Legislative Conference on May 21, 2018.
Pension counselors come to Washington D.C. for National Training Conference
By Emily Gilbert Last week, we held our annual National Training Conference for the U.S. Administration on Aging Pension Counseling and Information Program. There are six regional pension counseling projects across the country that provide free legal help to people in 30 states who have retirement plan problems or questions. Every year, attorneys from the […]
