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A day of action

A call on policymakers to stop the clock on pension cuts

Retirees from around the country called on policymakers to pass the Keep Our Pension Promises Act. Learn more.
An end to conflicted investment advice?

An end to conflicted investment advice?

A proposed regulation takes steps toward protecting 401(k) and IRA investments. Read our statement.
Pension Counseling & Information Program

Pension Counseling and Information Program

Learn how the pension counseling projects help clients obtain their retirement benefits. Watch the video.
States get in on the action

States get in on the action

Illinois becomes the first state to offer automatic retirement savings plans to workers. Learn what other states are up to.  Read the fact sheet

Latest News

An amazing "Day of Action"

To help retirees around the country fight back against proposed reductions in their hard-earned pensions, the Pension Rights Center organized a “day of action” on September 10. The day was an amazing success with more than 200 retirees travelling to DC from 11 states to ask government officials and members of Congress to “stop the clock” on pension cuts. More...

Labor Department’s Fiduciary Proposal: Key Provisions to Watch

The battle over the U.S. Labor Department’s proposal to require financial advisers to put retirement investors’ interests ahead of their own has been fierce, with financial advisers, investor advocates and many financial-services companies watching every twist and turn in this multiyear saga.


Controversial Pension Advance Industry Flourishes With Little Federal, State Scrutiny

Effectively unregulated in all but two states, pension advance outfits offer lump-sum payments in exchange for a claim on future pension payouts, often from military retirees. As recent reports from the Government Accountability Office have found, the effective interest rates can be astronomical. In California, rates ranged as high as 84 percent, 7 times the state’s legal maximum. More...

PBGC says union pensions facing less risk

Multiemployer pension plans, those operated by unions on behalf of workers who are or were employed by more than 1 company in a particular industry, are facing less risk than they were last year. But the outlook is still not very good, according to a report issued Monday by the Pension Benefit Guaranty Corporation, or PBGC, the federal agency that guarantees private pensions.

Pension Rights Center Response to Central States Teamsters Pension Fund Letter

Pension Rights Center Response to Central States Teamsters Pension Fund Letter

On September 22, James P. Hoffa, General President of the International Brotherhood of Teamsters, wrote to Thomas Nyhan, Executive Director of the Central States Teamsters Pension Fund, to ask that the Fund’s trustees not propose “draconian benefit cuts that will impose significant hardships” on the Fund’s participants.  More...

Teamsters Protest as Treasury Debates Allowing Pension Cuts for 1.5 Million Retirees

About 300 angry Teamsters descended on Washington, D.C., September 10, demanding federal action to protect the pensions of union members threatened with benefit cuts. The retired Teamsters are among a group of as many as 1.5 million retirees from a long list of different labor unions nationwide that could see their pensions slashed under a new law quietly approved late last year.


Proposed pension cuts have Teamster retirees worried

Retired truck drivers and other retirees who draw a pension from an underfunded pension plan expect to find out early this fall how much their pension will be cut.


Impassioned Voices Ring Loudly at Benefits Suspension Hearing Savings

When crafting final regulations on suspending benefits under multiemployer pension plans, the IRS and Treasury Department should use the "maximum limits" of their authority to write rules that follow the law but are as fair as possible to workers and retirees, speakers said during an IRS hearing.


Retirees brace for hardship as multi-employer pension cuts loom

Of all the negative financial surprises that can hit in retirement, learning a "guaranteed" pension could be severely cut is among the worst.


Is your adviser truly protecting your retirement?

There’s a discussion going on that is vital to the retirement money you’ve worked so hard to save. The Labor Department, directed by the Obama administration, is proposing that more advisers, when giving retirement investment advice, put their clients’ best interests first.