Multiemployer Retiree Cutback Calculator
Calculate your possible pension loss
under the "Solutions not Bailouts" proposal
A proposal known as "Solutions not Bailouts," which will soon be introduced into the U.S. Congress, would allow trustees of “deeply-troubled” multiemployer pension plans to take the unprecedented step of cutting the pensions of retirees who are already receiving their pensions.
The Pension Rights Center and other organizations oppose cutbacks to retirees’ hard earned benefits as a way of addressing long-range short-falls in multiemployer plans. We have proposed a number of common-sense ways to ensure that financially troubled multiemployer plans will be able to continue paying pensions. These approaches should be examined, and Congress should reject the idea of cutting retirees’ benefits.
To learn more about multiemployer pension plan funding and the "Solutions not Bailouts" proposal, read our fact sheet.
Use the calculator below to determine how much your pension could be cut if the "Solutions not Bailouts" proposal were to become law. Any changes to the proposal would result in changes to the calculator’s projections.
Note that this calculator shows the minimum benefit that would be allowed by the law. The proposal permits your plan’s trustees to choose to reduce your pension by a smaller amount, and provide lower reductions to certain groups of “vulnerable” retirees.
Please enter only numbers into the calculator. Do not use dollar signs or commas.
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