Retirees outraged over provision allowing pension funds to cut benefits
Karen Friedman of the Pension Rights Center says retirees could see almost 60 percent cuts in earned benefits
Congress considering plan to allow pension cuts
More than a million retired and current truck drivers, construction workers and other union workers could see their pension benefits cut if Congress passes a proposal aimed at shoring up some of the nation’s biggest pensions.
Deal to allow multiemployer pension benefits cuts
Retirees covered by financially troubled multiemployer pensions could soon see their benefits cut under a congressional spending deal to keep the government running.
Is Congress About to Cut Your Pension?
Congress is set to vote on a $1.1 trillion spending bill this week, one with a troubling provision for U.S. retirees. If the bill passes, the promised retirement benefits of millions of workers could be slashed. The knee-jerk reaction: Fear that it could set a dangerous precedent and lead to more widespread cuts in retiree […]
Congress to vote on pension cut proposal
Around 1.5 million pensioners could lose benefits, and the law would reverse a 1974 law that protects earned pensions
Pensions of retirees, widows face cuts in action by House of Representatives
While most seniors were focused on Thanksgiving with their families and then getting ready for Christmas, some members of the U.S. House of Representative have hit them with a nightmare…a reduction in pension benefits for those already retired or their widows. This amendment is rapidly moving forward but senior advocates are swinging into action to […]
Congress’ Holiday Present to Retirees: Slashing Their Pensions
Policymakers say “Ho, Ho, Ho”…Retirees say, “NO, NO, NO” Washington – Today, the Pension Rights Center released the following statement from Executive Vice President Karen Friedman, urging the House Rules Committee not to include legislation cutting retiree pensions in the omnibus spending bill. “The Pension Rights Center and retirees across this country are outraged that […]
Multiemployer pension proposal riles Teamsters, retiree advocates
The “cromnibus” spending bill has produced something for practically everyone to hate, and at the top of the list for organized labor is a proposed amendment that could cut benefits for elderly retirees who draw their income from troubled multiemployer pension plans.
Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits
Controversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.
Retiree benefits could be cut under congressional plan
Congress will vote Thursday on a $1.1 trillion spending plan that includes a provision to help out the Pension Benefit Guaranty Corp. by letting financially ailing multiemployer pension plans cut retiree benefits for the first time in 40 years.
House delay leaves pension reform in question
An amendment to let troubled multiemployer pension plans cut retiree benefits initially moved forward in Congress on Thursday but faced an uncertain future after the House recessed mid-afternoon without taking a vote on a massive spending plan.
That awful congressional plan to allow pension cuts heads for enactment
The congressional proposal to deal with a supposed crisis in worker pensions by allowing trustees to slash the benefits of already retired workers to shreds is heading toward enactment.
