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Karen Friedman's Posts

Wall Street Journal article highlights “harsh” pension practice

This weekend’s edition of the Wall Street Journal features a front page article by Theo Francis highlighting pension plans’ practice of trying to recover money they have mistakenly paid their retirees, often years later when the retiree cannot afford to pay back the money. More...

Inspiring trip to Columbus brings hope for multiemployer solution

I flew into Columbus, Ohio last Thursday to join with 12,000 retired and active miners, truck drivers, warehouse workers, ironworkers, spouses, and others who were part of a historic rally on the lawn outside the Ohio statehouse urging Congress to fix the pension crisis and keep pension promises. More...

Congress should read new PBGC report and act fast to solve multiemployer crisis

If Congress and the Joint Select Committee on the Solvency of Multiemployer Plans need any further proof that they should act to solve the multiemployer crisis, all they need to do is read the latest report from the Pension Benefit Guaranty Corporation (PBGC). More...

A Stanley Cup Vision for Retirement

I went crazy with happiness last night when the Washington DC Capitals (Caps) beat the Golden Knights to capture the Stanley Cup, the beautiful silver trophy awarded to the team that wins the playoffs in hockey. The Capitals have waited 44 years for this win – and it couldn’t be sweeter for the teammates or their fans! More...

Joint Select Committee focuses on multiemployer basics, asks for public comments

On Wednesday, at the first hearing (and second public meeting) of the Joint Select Committee on Solvency of Multiemployer Pension Plans, one fact became abundantly clear: the problem of multiemployer plans is complex and finding a solution to the issue is also going to be a challenge. More...

New Multiemployer Bill Introduced at Amazing Media Event

Yesterday was the day we have all been waiting for, the culmination of more than three years of hard work by hundreds of thousands of retirees and their many advocates and supporters. More...

New York State Teamsters’ pensions to be slashed because of unfair law

Last week, the news came in that workers and retirees voted in favor of pension cuts by the New York State Teamsters Pension Fund.
More...

Retirees protest proposed pension cuts

Retirees protest proposed pension cuts

The last few weeks have been busy for retirees who are working around the clock to stop the pension cuts proposed by the Central States Pension Fund that would affect hundreds of thousands of retired truck drivers, spouses and widows.  More...

In memory of Butch Lewis

In memory of Butch Lewis

We at the Pension Rights Center extend our deepest sympathies to the family of Butch Lewis who passed away on December 31, 2015. More...

A big step forward for state-based initiatives

A big step forward for state-based initiatives

For the past 15 years, one of the Center’s top priorities has been to find innovative ways of finishing the formidable task of expanding pensions and retirement savings for the about 50 percent of the workforce – 70 million Americans – who are not currently participating in an employer-sponsored retirement savings or pension plan. More...

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