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DuPont offers buyouts to 9,500 pensioners

09/06/2017 | The News Journal

DuPont quietly offered about 9,500 of its U.S.retirees a chance to exchange their pensions for a lump-sum buyout or small monthly annuity.

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Furniture workers pension cuts okayed despite majority no vote

09/05/2017 | BNA Pension & Benefits Reporter

Thousands of members of a pension fund for furniture workers will soon see their benefits cut, even though a large majority of those members voted against the cuts or didn’t vote at all.

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St. Joseph’s Pension Fund Bankruptcy Could Be Just One of Many in RI

09/05/2017 | GoLocalProv

Church pension plans controlled by the Diocese of Providence, like the bankrupt pension fund of St. Joseph Health services, may be in distress too - but no one knows and the Diocese of Providence will not respond to repeated requests for comments.

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8 states, 8 state-sponsored retirement plans

08/22/2017 | BenefitsPro

In fact, while 30 states are considering retirement plans for small business employees, eight states are already going ahead with plans to provide workers with a means to save for retirement that doesn’t depend on their employers.

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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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UPS to freeze non-union pension plan

06/28/2017 | Atlanta Journal Constitution

UPS plans to freeze pensions for non-union employees, joining a parade of U.S. corporations that have altered or dumped traditional retiree payout plans.

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When ESOPs work, they work well. But some say reforms are needed.

06/22/2017 | The Post and Courrier

Employee-owned stock option plans, or ESOPs, are an important part of the American economic landscape. About 7,000 American businesses have ESOPs, and roughly one out of every 12 workers participate in some form of employee-ownership plan.

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Church Plan Decision Bolsters Credit Ratings, Despite Unresolved Issues

06/14/2017 | Healthcare Financial Management Association

A recent U.S. Supreme Court decision in favor of pension-law appeals by three religiously affiliated hospital systems was deemed a credit positive for such entities. However, further litigation is likely.

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