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After the new federal pension rules: What retirees need to know

12/18/2014 | Reuters

Buried in the $1.1 trillion "Cromnibus" legislation signed this week by President Barack Obama was a provision that aims to head off a looming implosion of multiemployer pension plans - traditional defined benefit plans jointly funded by groups of employers. More...

ERISA Changes Passed as Part of Controversial Spending Bill

12/18/2014 | Institutional Investor

In one fell swoop last week, a once-sacrosanct tenet of the 1974 omnibus pension law, the Employee Retirement Income Security Act (more commonly known by its acronym, ERISA), was overturned. For its sponsors, the measure meant saving troubled multiemployer pensions heading for insolvency. More...

Pension cuts helped keep the government open, but they hurt many retired women

12/18/2014 | Washington Post

On Nov. 14, the Pension Benefit Guaranty Corp. reported that 200 of the 1,400 multi-employer plans covering 1 million participants are at risk of failing within the next decade. The PBGC is worried about this because it becomes responsible for the pension obligations of these failed plans.

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FSI to fight rollout of auto IRAs

12/17/2014 | Investment News

Independent broker-dealer group says automatic retirement savings plans pose competition to financial advisers

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Reporters fail to capture implications of pension provision

12/17/2014 | Columbia Journalism Review

A ‘big shift’ tucked into the spending bill goes under-examined

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President Expected to Sign Spending Bill Addressing Multiemployer Plans, 4062(e)

12/16/2014 | Bloomberg BNA's Pension & Benefits Reporter

President Barack Obama was expected to sign into law a $1.1 trillion U.S. government spending bill that includes elements designed to boost the nation's troubled multiemployer pension plan system and provisions addressing several other employee-benefits-related areas.

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Pension Benefits: New Law Lets Trustees Cut Them

12/16/2014 | Investor's Business Daily

The House and Senate plan that would let trustees of certain financially wobbly pension plans cut retirees' benefits is aimed at reducing financial demands on those underfunded plans so they do not collapse totally.

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Congress passes major change to law on union pensions

12/16/2014 | Northwest Labor Press

Severely underfunded union pension plans will be allowed to reduce current retiree benefits in order to avoid future insolvency, under a last-minute amendment attached to the $1.1 trillion federal government appropriations bill known as the “CRomnibus.”

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The 2014 Pension 40: Karen Ferguson and Karen Friedman

12/15/2014 | Institutional Investor

They're known in pension circles as Team Karen.

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The 2014 Pension 40: The Battle Is On

12/15/2014 | Institutional Investor

Our ranking of the 40 most influential players in U.S. pensions highlights new names swept up in an intensifying political struggle.

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