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Ten Years After, the Pension Protection Act Falls Short of Promises

08/17/2016 | Institutional Investor

Ten years ago today, President George W. Bush signed into law the Pension Protection Act of 2006. It was the largest, most comprehensive U.S. pension reform bill since the mother of them all, the Employee Retirement Income Security Act of 1974.

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Crowdfunding Emerging as Power to the People Pension Tool

08/16/2016 | Pension & Benefits Daily

Crowdfunding is emerging as a creative and powerful tool that pension plan participants and retirees can use to independently investigate their plans.

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Guest Column: Pension fund of precipice of destruction

08/14/2016 | St. Augustine Record

Few people realize a pension crisis is looming. It’s the aftershock of the 2008 market collapse. Pension funds managed by unscrupulous Wall Street Banks held the worthless real estate investments that took the markets down further than most of us had previously seen in our lifetimes. More...

No Worker Left Behind

08/12/2016 | PlanSponsor

“You could argue that the 401(k) system works for many people,” says Karen Friedman, executive vice president and policy director at the Pension Rights Center in Washington, D.C. “But you also could argue that it has failed many people.”

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Trade group trying to kill bill making state-run retirement accounts a worker benefit

08/09/2016 | Los Angeles Times

An investment industry trade group is trying to kill a California bill that would make retirement savings accounts an almost universal benefit for workers in the state, saying that plan will be more expensive than lawmakers anticipate and could ultimately cost taxpayers.

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Unforeseen consequences one legacy of the Pension Protection Act

08/08/2016 | Pensions & Investments

Like many pension-related laws, the Pension Protection Act that passed a decade ago was designed to address a crisis. At the time, underfunded pension plans were threatening the financial stability of the Pension Benefit Guaranty Corp. More...

Multiemployer Pension Resubmits Rescue Plan to Treasury

08/08/2016 | BNA Pension & Benefits Daily

An Iron Workers local pension fund has withdrawn and resubmitted its application for benefit suspension approval from the Treasury Department, restarting the clock on the department’s review.

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Iron Workers retirees get temporary reprieve from pension cuts

08/04/2016 | Cleveland Plain Dealer

Retired iron workers in Northeast Ohio will get a short reprieve before their pensions could be cut.

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Retirement panic? It's not all your fault.

07/23/2016 | Market Watch

If you’re like many Americans, you’re worried about retirement, but a new report suggests that blame for retirement insecurity can’t be laid solely at the feet of individual savers.

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Wall Street Vultures May Have Wrecked the Central States Pension Fund

07/21/2016 | In These Times

Bowing to the demands of thousands of angry Teamsters, the federal Government Accountability Office (GAO) has agreed to conduct an inquiry into the past investments of the Central States Pension Fund, the organization that manages the retirement benefits for more than 400,000 union members, both retired and active.

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