Lawmakers Introduce Legislation to Stop Multiemployer Plan Benefit Cuts
Senator Bernie Sanders (I-Vermont) and Representative Marcy Kaptur (D-Ohio) introduced legislation, The Keep Our Pension Promises Act, which would reverse a provision passed in 2014 that could result in deep pension cuts for millions of retirees and workers in multiemployer pension plans.
Retirees to Congress: Protect Our Pensions!
Senator Bernie Sanders and Rep. Marcy Kaptur Reintroduce Bill to Save Retiree Pensions WASHINGTON – The Pension Rights Center joins retirees, members of Congress and others in declaring today a Day of Action to call attention to the threats to the retirement security of millions of workers and retirees covered by the financially-troubled multiemployer pension […]
Senate Kills State-Sponsored Retirement Plans For Private Sector Workers
In a narrow vote, 50 (yes) to 49 (no), the Senate by resolution killed an Obama-era rule that greenlighted state-sponsored auto-IRA retirement programs for small business workers.
Age out loud: Speak up for your retirement rights
By Emily Spreiser May is Older Americans Month, and this year’s theme is “Age Out Loud.” The theme reflects the fact that today’s older Americans are vocal, engaged, and play essential roles within their communities. They are taking charge by speaking up and advocating for themselves and for others. To help older Americans advocate for […]
Pensioners Fight Back Against Cuts
The Pension Rights Center’s Karen Friedman discusses a new pension law that could negatively impact millions of retirees.
Hold On To Those Tax Forms! Keeping Your Tax Records Can Help You Protect Your Retirement Benefits
By Emily Spreiser If you’re like most Americans, you just filed your taxes. This means you probably gathered important tax documents to help. But now that you’re done, what are you going to do with those documents? Many Americans follow the general rule of thumb that you should keep your tax documents for six or […]
Flurry of Pension Rescue Filings May Indicate Renewed Confidence
Four more financially beleaguered multiemployer pension plans are testing the rescue application waters, seeking Treasury Department permission to cut benefits.
How to Track Down a Lost 401(k) or Traditional Pension
Hundreds of millions of dollars in 401(k) retirement account and traditional pension plan assets are going unclaimed. These days it’s not uncommon for workers to change employers 10 times or more over the course of a career—and all that job hopping can make it tough to keep tabs on employer-sponsored retirement plans.
20,000 Union Members, Retirees at Risk of Losing Pension Benefits
“The guy who worked harder got hit the hardest,” Wargo said. “If you could prove that it [the cuts] would keep the plan solvent for 100 some odd years I’d take it, but it’s baloney. There are other ways this could have been mended instead of singling out a group of people.”
Don’t lose your retirement plan when you move!
By Joellen Leavelle A few weeks ago, the Pension Rights center moved to a new office. We’ve had to update our mailing address with the post office, vendors, people on our email list and just about anyone you can think of. Millions of people move every day, too, and they do the same thing – […]
Teamsters get a reprieve from pension cuts
Thousands of upstate retired Teamsters have dodged a potential pension cut, at least for now, thanks to a recent decision by the federal government.
OP-ED: Why U.S. Supreme Court must stand up for retired Americans
Hospitals that masquerade as religiously affiliated institutions do their employees and themselves a grave disservice.
