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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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Are you entitled to a pension you've left behind?

06/14/2017 | CBS MoneyWatch

It's not every day you get good news from the IRS. But that's exactly what happened to Danny Jo Wright of Austin, Texas, when he applied for Social Security in 2013. In a letter from Social Security, the IRS informed him he was entitled to a pension from the drug company he had worked for years ago.

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Supreme Court Ruling Did Not Resolve Church Plan Challenges

06/14/2017 | PlanSponsor

Following oral arguments in March in three cases challenging health care organizations’ church plan status, the U.S. Supreme Court found plans maintained by principal-purpose organizations qualify as “church plans.” However, it did not rule that the hospitals in these cases were principal-purpose organizations. 

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More challenges promised despite church-plan victory

06/12/2017 | Pensions & Investments

Sponsors of church-related pension plans are celebrating a Supreme Court decision upholding their right to be exempt from federal pension rules, but participant advocates vow to continue challenging them on other legal points and in new venues, including state courts.

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Supreme Court Ruling Imperils Pension Protections

06/06/2017 | Forbes

In a blow to the hundreds of thousands of employees of religiously-affiliated hospitals, schools and social services organizations, the U.S. Supreme Court said that their pensions might not be protected by federal ERISA laws.

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