12/11/2013 | Alternet via Salon
Across America, states, counties and cities are taking steps that will make retirement for ex-public employees much harsher. Courts, politicans and corporations are all working together to chip away at deferred wages: reducing pensions or eliminating promised healthcare, or both. Said simply, they’re looting retirements and pushing people toward poverty.
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11/22/2013 | Daily Kos
Lord, won’t you buy me a new pension plan
My 401(k) savings fit in a tin can
I need me some money so I can survive
Or I’ll be living in my old Porsche when I’m 65
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11/22/2013 | BenefitsPro
A coalition of large retirement industry players, including the AARP, American Federation of State, County & Municipal Employees, Service Employees International Union and Pension Rights Center, have banded together to find new ways to build retirement security for even the lowest-income workers.
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11/19/2013 | Reuters
A growing number of employers are making plans to "de-risk" their pension plans. That's jargon for reducing the financial risk posed to corporate balance sheets by pension plans - but if you have a defined-benefit pension and you start hearing that term tossed around, pay careful attention. Less risk for employers can mean more risk for you.
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11/15/2013 | CNN/Money
Hundreds of thousands of retired union workers are facing pension cuts that could slash their monthly payments in half — or even more.
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11/15/2013 | MarketWatch
If you are among the few who still have a traditional defined-benefit pension plan we wish you luck. In the coming months your employer—as part of an effort to “de-risk” the plan—is likely going to offer you a lump-sum payout, an annuity, or freeze the plan.
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11/14/2013 | Heartland Labor Forum
PRC Executive Vice President and Policy Director Karen Friedman appeared on the Heartland Labor Forum to discuss the retirement income crisis and the threat of unprecedented cuts to earned pension benefits. Segment begins at approximately 35:00 in the program.
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11/11/2013 | Pensions & Investments
Corporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.
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11/01/2013 | Institutional Investor
A member of one of America’s most prominent families is taking on a crucial public policy issue: retirement. Kathleen Kennedy Townsend, the eldest daughter of Robert and Ethel Kennedy, has joined the board of the Washington-based Pension Rights Center, a nonprofit that advocates for pension security.
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10/30/2013 | BenefitsPro
The Pension Rights Center agrees that many multiemployer pension plans are in financial distress right now, and that reforms are needed, but it told a House committee this week that it doesn’t agree with the idea of cutting existing benefits to retirees.
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