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Reuters: Threatened pension cuts will test Trump ties to U.S. Rust Belt voters

Reuters: Threatened pension cuts will test Trump ties to U.S. Rust Belt voters

Will the new president protect retiree pensions? We hope so. Read it here.
Color of Money Live Chat

Color of Money Live Chat

Karen Friedman and Joellen Leavelle chat with the Washington Post's Michelle Singletary about retirement issues.  Read the transcript.

Iron Workers Local 17 becomes first plan to cut retiree pensions

Pensions for some Cleveland retirees will be cut starting February 1.  Read our press release.
Are you facing retiree pension cuts?

Facing retiree pension cuts?

Has your pension plan applied to cut retiree pensions?  Here's what you can do.

Latest News

Threatened pension cuts will test Trump ties to U.S. Rust Belt voters

Karen Friedman has been traveling the country speaking at meetings of retired union members - and they are angry. What riles them is the prospect of deep cuts in promised pension benefits, and they are hoping for relief from President Donald Trump.


Speech by Karen Friedman at a meeting of the National Education Association Retirees' Organization

Hello NEA retirees! It’s great to be here! Thanks for inviting me this morning to speak. More...

Teamsters face 31 percent pension cut

A total of 16,500 retirees, mostly in upstate New York with a few in New Jersey, are facing the cuts. Another 18,500 who are currently working would also be affected upon retirement.


Bill to Rescind DOL Rule Extending Pension Coverage Sparks Fierce Debate

In a move that is sparking a firestorm of protest regarding the extension of retirement plans to uncovered workers, the US House of Representatives advanced two bills to overturn federal rules that would make it simpler for states to start individual retirement accounts (IRAs) for private-sector workers who do not have 401(k)s.


About one million American workers have pension plans on verge of insolvency

Nearly one million working and retired Americans are currently covered by pension plans that are in imminent danger of insolvency, according to an organization trying to help people keep their retirement earnings.


How To Save For Retirement? Tips For Saving Early To Avoid Stress About What To Do When Reaching Retiring Age

Fewer than half of Americans know or have figured out how much they need for retirement – a scary thought when taken into consideration that the typical American spends about 20 years in retirement.


How Republicans Could Block Access to Retirement Plans for Low-Income Workers

The United States Senate is on the verge of making a vote that would have a major impact on the chances for young and low-income people to save for a secure retirement.



Will your pension be there when you need it?

Karen Friedman is the executive vice president and policy director at the Pension Rights Center, and Joellen Leavelle is the group’s communications and outreach director. Last week, I invited them to answer readers’ questions about their pensions. Here are some questions they didn’t have time to get to from last week’s Color of Money live chat.


Color of Money Live Chat with Michelle Singletary

PRC's Karen Friedman and Joellen Leavelle discussed an array of retirement issues during Michelle Singletary’s Color of Money Live Chat on February 16, 2107.