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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.

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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.

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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%.

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Teamsters pension crisis driving deep cuts for retirees

02/06/2016 | Detroit Free Press

A plan to slash pensions for retired Teamsters has activists warning a dangerous precedent could be set for other plans. Angry Teamsters are expected in Detroit to protest cuts of 50% or higher.

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Teamsters Local Pension Seeks Benefit Cuts, Third Multiemployer Plan to Request Approval

02/02/2016 | Bloomberg BNA's Pension & Benefits Reporter

A New Jersey-based Teamsters local pension fund has become the third multiemployer pension plan known to apply for Treasury Department approval of benefit suspensions.

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State-run retirement plans could offer a fix for future

01/30/2016 | Minnesota Star Tribune

At least half of the states have been working on some sort of plan, as tracked by the Pension Rights Center, an advocacy organization for workers based in Washington. Generally, workers’ contributions get deducted from their paychecks, like in a 401(k) plan, only the money goes into a government-sponsored plan.

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De-Risking and Rescue Plan Petitions Expected to Rise

01/25/2016 | Bloomberg BNA's Pension & Benefits Reporter

The de-risking of single-employer defined benefit pension plans and the suspension of benefits by multiemployer plans are poised to be two of the primary issues facing pension plan sponsors and participants in 2016.

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Pension cuts 'crippling' for retired Creve Coeur trucker and his family

01/23/2016 | Peoria Journal Star

When Joe Frakes stepped down from the cab of his truck for the last time, he thought he was set for life. After three decades on the road, he’d accrued a solid Teamster pension. But 13 years after retiring, the 75-year-old now fears a nosedive in his monthly check from $2,500 to less than $1,500.

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Carefully Considering Pension Payment Options

01/22/2016 | New York Times

Companies are increasingly offering retirees and former employees the option of taking their pensions in a lump-sum payment, rather than as a traditional monthly payment over a lifetime.

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Take a lump sum? It applies to Powerball and pensions.

01/20/2016 | Detroit Free Press

Take the lump sum? Or settle on the slow-but-steady monthly payout? No, we're not talking about winning a Powerball jackpot or some other winning lottery ticket. We're talking about what to do if your company or former employer actually has a traditional pension, not just a 401(k) plan, and offers you a lump sum if you give up the chance to receive a monthly pension check.

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