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Lawmakers Introduce Legislation to Stop Multiemployer Plan Benefit Cuts

05/10/2017 | PlanSponsor

Senator Bernie Sanders (I-Vermont) and Representative Marcy Kaptur (D-Ohio) introduced legislation, The Keep Our Pension Promises Act, which would reverse a provision passed in 2014 that could result in deep pension cuts for millions of retirees and workers in multiemployer pension plans.

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Now to save coal miners’ pensions

05/09/2017 | Lexington Herald Leader

The pension crisis threatens almost 120,000 miners and widows, including 9,000 in Kentucky, and will be thornier than health care to fix because it’s part of a wider problem.

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How to Find an Old Pension or 401 (k) Account

05/08/2017 | Bottom Line Personal

It’s easy to lose track of a 401(k) or pension plan over the years. Ordinarily the best way to recover those missing retirement assets is to contact the former employer’s human resources department. But what if that employer insists that you cashed out your retirement plan long ago or rolled it into a different retirement account? 

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Latest News Releases (View all)

Retirees to Congress: Protect Our Pensions!

05/09/2017

Senator Bernie Sanders and Rep. Marcy Kaptur Reintroduce Bill to Save Retiree Pensions

WASHINGTON – The Pension Rights Center joins retirees, members of Congress and others in declaring today a Day of Action to call attention to the threats to the retirement security of millions of workers and retirees covered by the financially-troubled multiemployer pension plans.

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Pension Rights Center statement on executive order seeking review of fiduciary rule

02/03/2017

Ensuring that all Americans saving for retirement receive unbiased investment advice is paramount to guaranteeing their economic security in retirement. The Center believes that every American has a right to investment advice that will maximize their retirement savings rather than line the pockets of unscrupulous investment advisers.

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Cleveland Iron Workers vote to approve pension cuts: Iron Workers Local 17 becomes first plan to cut retiree pensions

01/27/2017

WASHINGTON – Today, Cleveland Iron Workers Local 17 Pension Fund announced that its retirees will be the first in the country to face devastating pension benefit cuts as a result of the More...

Speeches, Statements, and Letters (View all)

Speech by Karen Friedman at a meeting of the National Education Association Retirees' Organization (March 8, 2017)

03/08/2017

Hello NEA retirees! It’s great to be here! Thanks for inviting me this morning to speak.

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Letter to U.S. House of Representatives leadership urging a "no" vote on the Congressional Review Act Resolutions to overturn the Department of Labor’s common sense rule on “Savings Arrangements Established by States for Non-Governmental Employees

02/15/2017

The Pension Rights Center sent a letter to key leadership in the U.S. House of Representatives urging them to vote against two resolutions that would overturn the common-sense rule issued by the Department of Labor in 2016 to expand retirement savings opportunities for private-sector workers who are not covered by an employer-sponsored retirement plan, such as a traditional pension or 401(k) plan.

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