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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.

Verizon participants petition SCOTUS on right to sue over de-risking deal

02/08/2016 | BenefitsPro

The Supreme Court is being petitioned to review a claim that could clarify when participants in defined benefit pension plans have a right to sue sponsors under the Employee Retirement Income Security Act.


Hundreds speak out on proposed Teamster benefit cuts

02/08/2016 | The Detroit News

More than 500 people filled a public hearing Monday to speak out on proposed benefit cuts to one of the largest Teamster pension funds, which includes 30,000 members in Michigan.


Retired Teamsters fight to stop pension cuts

02/08/2016 | Detroit Free Press

Retired pensioners called a plan to rescue the Central States plan as "Pension Theft." The retirees said they don't know what they'll do if pensions are cut by up to 60%.


Latest News Releases (View all)

PRC Praises Labor Department for New Rules for Economically Targeted Investments


WASHINGTON – U.S. Secretary of Labor Tom Perez announced today new guidance for economically targeted investments (ETIs) in retirement plans.


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. 


Speeches, Statements, and Letters (View all)

Statement of Karen Friedman at U.S. Treasury Department public session in Detroit, Michigan (February 8, 2016)


Thank you, Mr. Feinberg, for allowing me to speak here today. I am Karen Friedman, the Executive Vice President and Policy Director of the Pension Rights Center, a national consumer rights organization that works to protect and promote the retirement security of American workers, retirees and their families.


PRC comments to Treasury on the Central States Pension Fund's application to cut retiree benefits (December 10, 2015)


The Pension Rights Center submitted comments to the Treasury Department regarding the Central States Pension Fund's (CSPF) application to cut retiree benefits under the Multiemployer Pension Reform Act of 2014.


Speech by Karen Friedman to the Minneapolis Teamsters Committee (November 14, 2015)


Good morning, my friends from the Pension Rights Committee. I’ve flown in from Washington, D.C., and I know I’m in a fighting mood – and I bet you are too. Minnesotans, let’s get mad!