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Private Pension Plans

Resources for Multiemployer Reform

Publication

This is a critical time for retirement security. Thousands of retirees and workers in certain severely underfunded multiemployer plans – Cleveland Iron Workers Local 17, New York State Teamsters, Baltimore Ironworkers Local 16, and Teamsters Local 707 in New York, among them – have already lost a big share of their hard-earned pensions.

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Problems with ESOPs

Publication

An employee stock ownership plan (ESOP) is a retirement plan in which investments are made primarily in the employer’s stock. 

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Employee Stock Ownership Plans: Are They Worth the Risks?

Publication

In good financial times, Employee Stock Ownership Plans (ESOPs) have the appearance of being an excellent deal for employees, because ESOPs offer partial ownership over the company that employs them.

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Resources for Participants in Multiemployer Pension Plans in “Critical and Declining” Status

Publication

The Multiemployer Pension Reform Act of 2014 (MPRA) allows severely underfunded multiemployer pension plans that are in “critical and declining” status to seek Treasury Department approval to cut pension benefits.

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Plans that have filed "critical and declining" status notices with the U.S. Department of Labor

Publication

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

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

Publication

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

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Resources for Central States Pension Fund Retirees

Publication

This page is intended to serve as a resource hub for retirees who are subject to cuts as a result of the Central States Pension Fund’s application to the U.S. Department of the Treasury to reduce retiree benefits. This page will be updated on an ongoing basis.

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What is Recoupment?

Publication

Updated: July 2015


I received a letter from my pension plan stating that it has been overpaying me. The letter says that the plan is going to reduce my monthly payments and that I will also have to pay an additional amount to the plan. What can I do?

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Companies That Have Changed Their Defined Benefit Pension Plans

Publication

Below is a list of employers that have announced significant changes to their defined benefit pension plans since December 2005. Changes include plan terminations, plan freezes for new and/or current employees, and changes to the formula by which pension benefits are calculated.

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Companies that have transferred pensions to insurance companies

Publication

Below is a list of employers that have transferred their pension obligations for certain retirees and former employees to insurance companies by purchasing annuities.

(Note: this is not a comprehensive list. These are only the changes that we are aware of, based on corporate press releases, news reports, and other sources.)

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