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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.

Proposed draconian cuts to Teamsters’ pensions draws fire from retirees, who vow action

10/13/2015 | Logistics Management

If you want to meet some of the most ticked-off people on the planet, talk to any trucking industry retiree who received that letter from the Teamsters’ Central States pension plan notifying them of their potential financial haircut coming in retirement.


Legislation can keep pension plans funded (letter to the editor)

10/11/2015 | St. Louis Post-Dispatch

The first domino has fallen. In the waning moments of Congress last December, a bill was passed allowing multiemployer pension funds to cut the long-promised pension benefits of retirees.


Proposed pension payment cuts of 50 percent and deeper rock and rile Teamster retirees in Akron

10/07/2015 | Akron Beacon Journal

Count Steve Kmet among thousands of retired Teamsters around the nation to open their mail earlier this week and get a hard financial punch to the gut


Latest News Releases (View all)

Pension Rights Center Calls Proposed Retiree Benefit Cuts by the Central States Pension Fund a “Pension Demolition Plan”


WASHINGTON – Last week, the Central States Pension Fund began notifying hundreds of thousands of retirees that it has applied to the U.S. Department of the Treasury to cut their pensions.


Pension Rights Center Response to Central States Teamsters Pension Fund Letter


On September 22, James P. Hoffa, General President of the International Brotherhood of Teamsters, wrote to Thomas Nyhan, Executive Director of the Central States Teamsters Pension Fund, to ask that the Fund’s trustees not propose “draconian benefit cuts that will impose significant hardships” on the Fund’s participants. 


Save Our Retirement Coalition response to letter sent to Secretary Perez on the fiduciary rule


The Pension Rights Center, as part of the Save Our Retirement Coalition, issued a statement in reaction to a letter sent to Labor Secretary Tom Perez by several members of Congress regarding the Department's proposed fiduciary rule.


Speeches, Statements, and Letters (View all)

Speech by Karen Friedman at the "Stop the Clock on Pension Cuts" Press Conference (September 10, 2015)


My name is Karen Friedman. I’m the Executive Vice President of the Pension Rights Center, a national consumer organization that has been working since 1976 to protect retirement security of American workers, retirees, and their families. 


PRC testimony to Treasury on proposed rules for retiree benefits cuts under MPRA (September 10, 2015)


On September 10, 2015, the U.S. Treasury Department held a public hearing on proposed and temporary rules for implementing pension cuts for retirees in severely troubled multiemployer pension plans, as authorized by the Multiemployer Pension Reform Act of 2014. PRC Director Karen Ferguson testified at the hearing. Below are her remarks.


PRC comments to Treasury on rules for retiree benefit cuts in financially troubled multiemployer pension plans (August 18, 2015)


The Pension Rights Center submitted comments to the Treasury Department regarding its rules for retiree benefit cuts in severely underfunded