Joint Statement Opposing “Composite” Pension Legislation
Joint Statement of AARP, the International Association of Machinists and Aerospace Workers, the International Brotherhood of Boilermakers, Musicians for Pension Security, the National United Committee to Protect Pensions, the National Retirees Legislative Network, the Pension Rights Center, the United Steelworkers, and the Western Conference of Teamsters Pension Trust Opposing Composite Pension Legislation Our organizations, representing […]
Leaders Schumer and Pelosi make pension bill a top priority
By Emily Gilbert I was so glad to be able to accompany Karen Friedman, PRC’s EVP to a media event on Capitol Hill in support of the Butch Lewis Act of 2017. I started as an intern with PRC just 4 months ago and I’m so excited to be able to be part of a […]
New Multiemployer Bill Introduced at Amazing Media Event
By Karen Friedman Yesterday was the day we have all been waiting for, the culmination of more than three years of hard work by hundreds of thousands of retirees and their many advocates and supporters. In a regal room in the U.S. Capitol building, Senator Sherrod Brown (D-OH) and Congressman Richard Neal (D-MA) – surrounded […]
Pension Rights Center Annual Superhero Celebration
Event description: The Pension Rights Center held it’s annual superhero celebration to honor heroes who are protecting earned retirement benefits for workers, retirees and their families. The Pension Rights Center held a Retirement Security Superhero event to celebrate its 41st year. The event was a huge success with 150 people attending and 54 sponsors. The […]
PRC letters in support of multiemployer legislation introduced by Senator Sherrod Brown (D-OH) and Congressman Richard Neal (D-MA)
The Pension Rights Center sent a letter to U.S. Senator Sherrod Brown (D-OH), expressing its support for the Butch Lewis Act of 2017. Read the letter here [PDF]. The Pension Rights Center sent a letter to Representative Richard Neal (D-MA), expressing its support for the Rehabilitation of Multiemployer Pensions Act of 2017. Read the letter […]
Senator Sherrod Brown and Congressman Richard Neal Introduce bills to save financially troubled multiemployer plans and protect retirees
WASHINGTON – The Pension Rights Center released letters today strongly endorsing new multiemployer legislation introduced by Senator Sherrod Brown (D-OH) and Congressman Richard Neal (D-MA). The “Butch Lewis Act of 2017” and its House companion bill “The Rehabilitation of Multiemployer Pensions Act” provide an innovative way to avoid retiree benefit reductions by providing relief to […]
Machinists pension latest to get treasury nod to cut benefits
The Treasury Department approved a reduction in pension benefits for 1,134 members of the International Association of Machinists Motor City Pension Plan.
Wisconsin Fights for its Retired Workers
Kenneth Stribling retired from the trucking industry after more than 30 years of service. In the years since, however, the 65-year-old Teamster has been working overtime to fight for the retirement he was promised. Like 10 million others, he spent the majority of his career paying into a multiemployer pension fund, often negotiating wage cuts, […]
Speech by Karen Friedman to New York Nurses Association (October 12, 2017)
Karen Friedman gave a speech to New York Nurses Association on October 12, 2017. You can read the speech here.
Role of retirement plans in tax debate highlights how poorly Americans are saving for retirement
The dust-up over 401(k)s is a good opportunity to remind everyone how bad the state of the average person’s retirement plan is.
Teamsters pension plan warns thousands of beneficiaries that the checks may get smaller
The Western Pennsylvania Teamsters fund — which has about 48 cents for every $1 in benefits it owes to retirees and workers — notified participants in April that it is considering cutting benefits in order to insure that the fund doesn’t become insolvent.
Comments on 2017 Draft Instructions for Form 8955-SSA
The Pension Rights Center submitted comments to the Internal Revenue Service on the draft Instructions for Form 8955-SSA. The comments emphasized the importance of deferred vested statements to participants. The statements are based on information reported on Form 8955-SSA. The Center urged the IRS to reject earlier guidance that permitted plans to give less comprehensive […]
