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Why Labor Department Gets a Say on IRA Advice

04/23/2015 | Wall Street Journal

Individual retirement accounts are a creation of tax law, with rules spelled out by the Internal Revenue Service. Now the Labor Department, which oversees workplace retirement plans, is weighing in—proposing new rules for brokers and others giving advice about retirement savings.

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Some Union Pension Cuts Likely As New Federal Rules Take Shape

04/23/2015 | In These Times

The likelihood that hundreds of thousands of union members nationwide won’t be receiving the full pension benefits promised to them is becoming clearer as federal regulatory agencies in Washington, D.C., move to implement new pension legislation quietly approved in the final weeks of 2014.

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Teamsters Mount Grassroots Campaign to Block Pension Cuts

04/21/2015 | Labor Notes

Teamsters are up in arms over looming pension cuts that could slash the incomes of both current and future retirees—anyone under 80.

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Latest News Releases (View all)

Major Groups Applaud Public Release of Dept. of Labor’s Proposal to Protect Americans’ Retirement Savings

04/14/2015

Members of the SaveOurRetirement.org coalition and a diverse collection of public interest groups, civil rights leaders, labor unions, professional organizations and others today commended the public release of the Department of Labor’s (DOL) proposed rule to p

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Nation's Retirement Income Deficit Now $7.7 Trillion

03/12/2015

Washington – Five years after it was first announced, the nation’s Retirement Income Deficit (RID) has risen from $6.6 trillion to $7.7 trillion.

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Speeches, Statements, and Letters (View all)

Speech by Karen Friedman to the Pension Rights Committee of Minnesota (April 11, 2015)

04/11/2015

On April 11, 2015, Karen Friedman spoke to the Pension Rights Committee of Minnesota, a group of retired Teamsters who are concerned about possible retiree benefit cuts in certain underfunded multiemployer plans.

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Speech by Joellen Leavelle to the Wisconsin Committee to Protect Pensions (April 11, 2015)

04/11/2015

On April 11, 2015, Joellen Leavelle spoke to the Wisconsin Committee to Protect Pensions, a group of retired Teamsters who are concerned about possible retiree benefit cuts in certain underfunded multiemployer plans.

 

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