Despite setback, Illinois still planning to roll out Secure Choice retirement savings plan
Some years after starting a T-shirt and promotions business in 1981, Bob Chambers thought about ways to keep his employees invested in his company. One of the things he thought of was offering a retirement plan for employees who wanted to participate in putting money aside for their retirement.
How to Find an Old Pension or 401 (k) Account
It’s easy to lose track of a 401(k) or pension plan over the years. Ordinarily the best way to recover those missing retirement assets is to contact the former employer’s human resources department. But what if that employer insists that you cashed out your retirement plan long ago or rolled it into a different retirement […]
Now to save coal miners’ pensions
The pension crisis threatens almost 120,000 miners and widows, including 9,000 in Kentucky, and will be thornier than health care to fix because it’s part of a wider problem.
Union pension crisis threatens retirement funds
John Raffiani’s retirement didn’t last long. Facing a steep cut in his Teamsters trucking pension, the 70-year-old Greene County man went back to work more than a year ago after a short time away from full-time labor.
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.
