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Butch Lewis Act Passed!

The bill passed with a bipartisan vote of 264 to 169! Now it moves to the Senate. Read our blog

There may be lost money you need to find when retirement arrives

Read Associated Press article on lost retirement money Read here

Retirement plans and divorce: What you need to know

Getting divorced? Never heard of a QDRO?  Read the fact sheet to learn more.
Pension Counseling & Information Program

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The Pension Counseling and Information Program can help with any retirement plan questions.  Get free legal help with pension problems.

Latest News

Social Security turns 84!

During a week of volatility in the stock market, retirees are happily celebrating the 84th birthday of the Social Security System—a universal social insurance program that guarantees their benefits no matter what direction their 401(k) or personal investments are heading. More...

Central States pension fund continues to bleed as Congress debates aid

The finances of the Central States Pension Fund continue to deteriorate as Congress debates whether it should shore up the fund and other struggling multi-employer pension funds.

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Butch Lewis Act passes House, reintroduced in Senate

Yippee!  Congratulations to everyone!

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House Passes Bipartisan Bill to Avert National Retirement Crisis

While former Special Counsel Robert Mueller testified before Congress, the big news on Capitol Hill yesterday arguably was the boost the House of Representatives gave to hundreds of thousands of working-class American workers and retirees who have lost or will lose a major portion of their promised retirement income. More...

Saving America's Pension Plans Is A Rare Chance for Bipartisan Accomplishment

Recent studies have made news highlighting how few Americans have adequate retirement savings or pensions. But there's an additional problem bedeviling retirement: even those who have good pensions could lose them. Scores of financially troubled pension plans are at risk of collapse, which could lead to substantial benefit cuts for up to 1.5 million Americans. More...

U.S. House Passes Pension Bailout as Democrats Eye Union-Heavy States for 2020

The U.S. House on Wednesday night passed legislation to bolster failing pension funds, an issue that Democrats are hoping will help win over voters in the Midwest’s union-heavy states for the 2020 presidential election.

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PRC Letter to members of the House of Representatives in support of the Rehabilitation for Multiemployer Pensions Act (July 19, 2019)

PRC sent a letter to members of the House of Representatives urging them to vote in support of H.R. 397, the Rehabilitation for Multiemployer Pensions Act, also known as the Butch Lewis Act. Read the full letter here.

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Cuts in Multiemployer Pension Plans Hurt Older Americans

For 30 years, Mary Fry's husband, Virgil, worked in construction. The pension he earned — $3,568 per month — was guaranteed to continue for Mary if he died first. More...

Butch Lewis Act on path to House floor vote as bill approved by Ways and Means Committee

Retirees, workers, spouses and widows who have been fighting intensely for many years to protect their hard-earned multiemployer plan pensions have reason to celebrate. The bill that they’ve been backing to fix a looming pension crisis was voted out of the House Ways and Means Committee yesterday and is on a path to the full House for a floor vote.

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Three Cheers for Congressional Committee’s Vote That Paves Way for Bill Stabilizing Financially Struggling Pension Plans

The House Ways and Means Committee took a significant step today toward resolving a pending national retirement crisis affecting millions of workers and retirees. It did this by voting in favor of a bill that would provide a lifeline to financially teetering pension plans in the form of government backed loans.

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