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Federal Treasury Department approves potential Teamster pension cuts

08/04/2017 | Albany Times Union

The U.S. Treasury Department has approved a proposal for a 29 percent pension cut for members of a Teamsters unit based in upstate New York.

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Another blow for heartland workers: Slashed pensions

07/24/2017 | CBS MoneyWatch

February was a bad month for Larry Burruel and thousands of other retired Ohio iron workers. His monthly take-home pension was cut by more than half from $3,700 to $1,600.

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Treasury Department Gives Thumbs Up to Second Pension Rescue

07/21/2017 | BNA Pension & Benefits Daily

A pension fund in Nashville is now the second plan covering unionized workers to receive Treasury Department approval to cut members’ benefits.

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Latest News Releases (View all)

U.S. Supreme Court’s “church plan” decision leaves key issue undecided

06/05/2017

WASHINGTON – The U.S. Supreme Court ruled today that pension plans with ties to religious organizations may not have to comply with federal pension law. Today’s ruling leaves it to lower courts to decide whether hundreds of thousands of people who thought they were guaranteed federal protections will receive the pensions they earned.

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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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Speeches, Statements, and Letters (View all)

PRC Statement to the ERISA Advisory Council on retirement plan disclosures (June 7, 2017)

06/07/2017

PRC Policy Analyst Jane Smith testified before the ERISA Advisory Council on the improvements to the effectiveness of retirement plan disclosures to participants and beneficiaries.

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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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