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In the News (View all)

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The Pension Rights Center is mentioned in articles where you see the PRC icon.

Big pensions add to city's retirement fund woes

05/23/2016 | Philadelphia Inquirer

The median private-pension benefit of individuals age 65 and older was $9,227 a year in 2014, according to the Pension Rights Center, a nonprofit advocacy group based in Washington. That same year, the median state- and local-government pension benefit was $14,158.

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`Zombie' Pension Plans Need Autopsies, Financial Watchdog Says

05/20/2016 | Bloomberg BNA

The finances of the Central States pension fund, like those of other dead or dying “zombie” pension plans, need to be investigated, a financial watchdog said.

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Central States pension decision: Pyrrhic victory for Teamsters

05/19/2016 | BenefitsPro

Soon after the Treasury Department announced it was rejecting the Central States Pension Fund’s application to cut retiree benefits in a bid to stave insolvency, the International Brotherhood of Teamsters and their supporters were quick to applaud the decision.

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Latest News Releases (View all)

Pension Rights Center praises U.S. Treasury Department rejection of Central States Pension Fund application to cut retiree pensions

05/06/2016

WASHINGTON – The Pension Rights Center joins hundreds of thousands of retired truck drivers, spouses, widows and active workers in praising the U.S. Department of the Treasury for rejecting the Central States Pension Fund’s application to cut its retirees’ pensions.

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MEDIA ADVISORY: Retired truck drivers, spouses and widows to rally at U.S. Capitol to protest proposed pension cuts

04/13/2016

WASHINGTON – Tomorrow, on Thursday, April 14th from 11:00 a.m. to 1:00 p.m., thousands of retired truck drivers, spouses and widows will travel to Washington, D.C., for a rally on the West Lawn of the U.S. Capitol to urge policymakers and the Treasury Department to stop unprecedented cuts to their hard-earned pensions.

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Pension Rights Center Applauds Release of Rule Protecting Investors from Conflicted Investment Advice

04/07/2016

WASHINGTON – The Pension Rights Center applauds the U.S. Department of Labor for finalizing an important regulation to help ensure that financial advisers and brokers who give advice on investments in 401(k) plans and IRAs do so in the best interests of their clients.

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Speeches, Statements, and Letters (View all)

Speech by Karen Friedman at the Breaking Through Power Conference (May 23, 2016)

05/23/2016

Hello everyone and good morning!

I am so happy to be here on the opening day of “Breaking Through Power.” What an amazing event! First, I want to thank Ralph Nader and all the hard-working staff at the Center for the Study of Responsive Law who put this together.

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Karen Friedman's speech to the Protect Our Pensions Rally (April 14, 2016)

04/14/2016

I’m so glad to be here with thousands of you at the Protect Our Pensions Rally!

First, I want to especially thank Mike Walden and Bob Amsden and all the leaders of the pension committees throughout the country who made this event happen. You are doing a GREAT job.

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Supplemental Comments Responding to March 1, 2016 letter on the Application to Reduce Benefits Submitted by the Central States, Southeast and Southwest Areas Pension Plan

03/28/2016

The Pension Rights Center submitted supplemental comments to the U.S. Treasury Department on the Central States Pension Fund's response to comments filed by the Pension Rights Center and other organizations.

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