Jump to Navigation
Jump to Content
Resources for Central States Pension Fund retirees

Multiemployer resources

New fact sheet contains helpful materials for Central States Pension Fund retirees who want information about potential pension cuts. View the resources
State-based retirement plans

States get in on the action

27 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
A retirement gamble. Lump sum or annuity?

Lump sum or annuity?

Taking your pension as a lump sum has a lot in common with the lottery. Read our 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

Statement of Karen Friedman at U.S. Treasury Department public session in Detroit, Michigan (February 8, 2016)

Thank you, Mr. Feinberg, for allowing me to speak here today. I am Karen Friedman, the Executive Vice President and Policy Director of the Pension Rights Center, a national consumer rights organization that works to protect and promote the retirement security of American workers, retirees and their families.

More...

Teamsters pension crisis driving deep cuts for retirees

A plan to slash pensions for retired Teamsters has activists warning a dangerous precedent could be set for other plans. Angry Teamsters are expected in Detroit to protest cuts of 50% or higher.

More...

Pension plans that have applied to cut benefits under the Multiemployer Pension Reform Act

The Multiemployer Pension Reform Act of 2014 (MPRA) gives the trustees of certain underfunded multiemployer plans that meet the definition of being in “critical and declining” status almost unprecedented authority to cut retiree pension benefits. More...

Teamsters Local Pension Seeks Benefit Cuts, Third Multiemployer Plan to Request Approval

A New Jersey-based Teamsters local pension fund has become the third multiemployer pension plan known to apply for Treasury Department approval of benefit suspensions.

More...

State-run retirement plans could offer a fix for future

At least half of the states have been working on some sort of plan, as tracked by the Pension Rights Center, an advocacy organization for workers based in Washington. Generally, workers’ contributions get deducted from their paychecks, like in a 401(k) plan, only the money goes into a government-sponsored plan.

More...

De-Risking and Rescue Plan Petitions Expected to Rise

The de-risking of single-employer defined benefit pension plans and the suspension of benefits by multiemployer plans are poised to be two of the primary issues facing pension plan sponsors and participants in 2016.

More...

Pension cuts 'crippling' for retired Creve Coeur trucker and his family

When Joe Frakes stepped down from the cab of his truck for the last time, he thought he was set for life. After three decades on the road, he’d accrued a solid Teamster pension. But 13 years after retiring, the 75-year-old now fears a nosedive in his monthly check from $2,500 to less than $1,500.

More...

Carefully Considering Pension Payment Options

Companies are increasingly offering retirees and former employees the option of taking their pensions in a lump-sum payment, rather than as a traditional monthly payment over a lifetime.

More...

Take a lump sum? It applies to Powerball and pensions.

Take the lump sum? Or settle on the slow-but-steady monthly payout? No, we're not talking about winning a Powerball jackpot or some other winning lottery ticket. We're talking about what to do if your company or former employer actually has a traditional pension, not just a 401(k) plan, and offers you a lump sum if you give up the chance to receive a monthly pension check.

More...

Proposed regulations on state-based retirement plans for private-sector workers (January 2016)

The Pension Rights Center submitted comments on the U.S. Department of Labor’s proposed regulations that would allow the creation of certain state-legislated retirement savings plans that would be exempt from the Employee Retirement Income Security Act of 1974 (ERISA). More...

print