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Breaking Through Power

Breaking Through Power

Karen Friedman on how the Center's 40-year history of persistence, coalition building and insight has and continues to pay off for workers, retirees and their families. Watch the speech.
U.S. Treasury Department rejects proposed retiree pension cuts

U.S. Treasury Department rejects proposed retiree pension cuts

"A victory for democracy,” says Karen Friedman. Read our press release.
State-based retirement plans

States get in on the action

28 states have looked into ways of offering automatic retirement savings plans to workers. Read our fact sheet to get the specifics.  Read the fact sheet
Pension Counseling & Information Program

Pension Counseling and Information Program

Learn how the pension counseling projects help clients obtain their retirement benefits. Watch the video.

Latest News

Supreme Court Hands Verizon Retirees Victory In Pension Spinoff Case

In a significant victory for a group of Verizon retirees whose pensions were spun off by the company, the U.S. Supreme Court vacated a lower court decision and sent the case back to be re-evaluated, giving the class action suit, advanced by the Association of BellTel Retirees Inc (BellTel), a significant shot in the arm.

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Speech by Karen Friedman at the Breaking Through Power Conference (May 23, 2016)

Hello everyone and good morning!

I am so happy to be here on the opening day of “Breaking Through Power.” What an amazing event! First, I want to thank Ralph Nader and all the hard-working staff at the Center for the Study of Responsive Law who put this together.

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`Zombie' Pension Plans Need Autopsies, Financial Watchdog Says

The finances of the Central States pension fund, like those of other dead or dying “zombie” pension plans, need to be investigated, a financial watchdog said.

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Central States pension decision: Pyrrhic victory for Teamsters

Soon after the Treasury Department announced it was rejecting the Central States Pension Fund’s application to cut retiree benefits in a bid to stave insolvency, the International Brotherhood of Teamsters and their supporters were quick to applaud the decision.

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Teamsters pension fund won’t propose another plan to cut benefits

The struggle to fix a Teamsters retirement fund took another turn Thursday when the Central States Pension Fund said it will not propose another plan to prevent the fund from running out of money in 10 years. Instead, Central States Pension Fund wants Congress to pass legislation to protect pension benefits.

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LETTER TO THE EDITOR: Treasury Is Right to Block Subpar Settlement

There is no question we need to find a solution to the problems facing Central States and other severely underfunded multiemployer plans.

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Retirees dodge bullet, but ‘gun’ still loaded

Sixty-five-year-old Teamster retiree Ron Hill was relieved when the U.S. Treasury Department this month announced the rejection of a plan to drastically cut pensions for 272,600 Teamster workers and retirees, including thousands in Illinois.

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Teamsters retirees get pension reprieve, but fund still short

A leader in the fight to preserve pension benefits for hundreds of thousands of retired Teamster truck drivers and other workers took a victory lap of sorts in Columbus last week.

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Supreme Court rulings keep shareholder suits in state, set higher hurdles for plan participants

The Supreme Court made it somewhat easier to bring shareholder and other lawsuits in state court, but harder for retirement plan participants to sue unless there is clear harm, in two decisions released Monday.

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It's back to the drawing board for multiemployer pension reform

The result of the first test of a new multiemployer pension reform law has left trustees of the Central States Teamsters pension fund reeling, other troubled multiemployer pension fund officials uncertain about their options and some politicians feeling the pressure to step in.

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