Press Release

House Votes to Allow Pension Plan Trustees to Reduce Retiree Benefits

Washington – The Pension Rights Center released the following statement from Executive Vice President Karen Friedman, following the passage by the U.S. House of Representatives of an omnibus spending bill that includes measures that allow certain underfunded multiemployer pension plans to cut retirees’ benefits: “It is a travesty that, in the year of the 40th […]

PRC In the News

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 […]

PRC In the News
12/09/14|Los Angeles Times

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.