Multiemployer Retiree Cutback Calculator
Calculate your possible pension loss
Congress has passed, and the President has signed into law, legislation that allows trustees of financially-troubled multiemployer plans to take the unprecedented action of cutting the benefits of retirees who are already receiving their pensions. Read our summary of the legislation.
Use the calculator below to determine how much your pension could be cut under the law. This calculator applies only to those age 75 and younger. If you are age 80 or over, or are receiving a disability pension, the new law will not apply to you. If you are age 75 - 79 your pension reduction will be less than the cuts for retirees under age 75.
Note that this calculator shows the minimum benefit that would be allowed by the law. The law permits your plan’s trustees to choose to reduce your pension by a smaller amount.
Please enter only numbers into the calculator. Do not use dollar signs or commas.
Looking for help with your retirement plan?
If you have a problem with your retirement plan, free help may be available from the U.S. Administration on Aging's network of Pension Counseling and Information Projects. Find help now.
Roadmap to retirement
Let our roadmap to helpful information about retirement plans for private-sector workers put you on the path toward a secure retirement. Get started.
PensionHelp America connects people who need help with their pension, 401(k), and other retirement plans with the pension counseling projects, legal services providers, and government agencies that can help answer their questions. Visit www.pensionhelp.org.
Get E-mail Updates
Retirement USA is a national initiative that is working for a new retirement system that, along with Social Security, will provide universal, secure, and adequate income for future retirees. Visit the website.