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Machinists pension latest to get treasury nod to cut benefits

11/14/2017 | BNA Pension & Benefits Reporter

The Treasury Department approved a reduction in pension benefits for 1,134 members of the International Association of Machinists Motor City Pension Plan.

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Wisconsin Fights for its Retired Workers

11/07/2017 | Shepherd Express

Kenneth Stribling retired from the trucking industry after more than 30 years of service. In the years since, however, the 65-year-old Teamster has been working overtime to fight for the retirement he was promised. More...

Role of retirement plans in tax debate highlights how poorly Americans are saving for retirement

10/23/2017 | CNBC

The dust-up over 401(k)s is a good opportunity to remind everyone how bad the state of the average person's retirement plan is.

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Teamsters pension plan warns thousands of beneficiaries that the checks may get smaller

10/23/2017 | Pittsburgh Post-Gazette

The Western Pennsylvania Teamsters fund — which has about 48 cents for every $1 in benefits it owes to retirees and workers — notified participants in April that it is considering cutting benefits in order to insure that the fund doesn’t become insolvent.

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Hospital Workers’ Pension Plan On Life Support

10/10/2017 | Rhode Island Public Radio

Across the country, millions of employees have entrusted their retirement savings to unregulated pension plans known as church plans. Many of these plans are run by church-affiliated schools, nursing homes and hospitals.

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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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