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Nancy Hwa's Posts

This is what we do: help people

This is what we do: help people

My colleague Kyle often brings to my attention news articles that might merit a response from us. Sometimes the article contains a factual error. Sometimes we disagree with a statement in the article and write an opposing view in a letter to the editor. Sometimes we have additional information to add.  More...

Glimmers of hope for victims of unfair pension takebacks

Glimmers of hope for victims of unfair pension takebacks

In a recent article, “Can They Grab Your Pension?”, AARP Bulletin highlights the problem of recoupment – when a pension plan overpays a retiree and then demands that the retiree pay back the ove More...

Motor City Madness

Motor City Madness

You’ve probably already heard that a judge has decided to allow the city of Detroit to file for Chapter 9 bankruptcy, which would make the Motor City the largest municipality in the country to do so. The judge also ruled that pensions for the city’s workers and retirees can be cut as part of the bankruptcy process. Not surprisingly, the Pension Rights Center is appalled by this decision. More...

Great news for the land of Lincoln!

Illinois Pension Assistance Project

The Pension Rights Center is delighted to welcome the Illinois Pension Assistance Project (IPAP) as the latest addition to the Pension Counseling and Information Program. More...

GM's pension move is a lemon

GM's pension move is a lemon

Last week, General Motors announced that it will offer 42,000 of its salaried retirees the opportunity to take their lifetime monthly pension benefits as a one-time lump-sum payment. More...

The latest on American Airlines

The latest on American Airlines

Most American Airlines employees can breathe a sigh of relief (sort of), now that the company has announced that it would not seek to terminate three out of four of its pension plans as part of its bankruptcy reorganization. Rather, the company will freeze those plans, meaning that employees will stop earning benefits after a certain date. More...

[UPDATED] American Airlines’ bankruptcy – what does it mean for its pensions?

American Airlines’ bankruptcy – what does it mean for its pensions?

No doubt you’ve heard that American Airlines has filed for bankruptcy. The airline has four underfunded pension plans, and their fate is the source of much speculation. Despite meetings the company has held with employees to discuss their pensions, workers remain concerned. More...

"Retirement Heist: Overlooked Causes of the Retirement Crisis."

On Monday, the Pension Rights Center, the New America Foundation, and AARP hosted a discussion, "Retirement Heist: Overlooked Causes of the Retirement Crisis." The forum centered on investigative journalist Ellen Schultz’s new book, Retirement Heist, which we’ve mentioned before. Speakers included the author herself, Assistant Labor Secretary Phyllis Borzi, David Certner of AARP, Don Fuerst of the American Academy of Actuaries, Michael Calabrese of the New America Foundation, and our own director, Karen FergusonMore...

Retirement Heist steals the spotlight

Retirement Heist steals the spotlight

Today, Morning Edition on NPR featured an interview with former Wall Street Journal reporter Ellen Schultz about her new book, Retirement Heist. More...

Hey, Republicans and Democrats: Are you listening?

Are you listening?

On NPR this morning, Morning Edition aired a story on the Republican Leadership Conference, which is taking place in New Orleans this weekend.  At one point, the reporter interviewed two women who were waiting in line to meet former Arkansas governor Mike Huckabee.  More...

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