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Divorcing Spouses Urged To Ensure Retirement Fund Rights

12/01/2016 | Financial Advisor

Divorcing spouses need a special court order to protect their right to tap a partner’s retirement benefits, the Pension Rights Center said Wednesday.

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PBGC Missing Participants Proposal Gets Broad Support From Array of Organizations

11/29/2016 | Pension & Benefits Reporter

Reuniting missing retirement plan participants with their savings is a cause that everyone can rally around, as comments on proposed rules by the Pension Benefit Guaranty Corporation show.

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Long-Lost Assets May Soon Be Reunited With Their Owners: The Pension Benefit Guaranty Corp. is expanding its long-standing missing-plan program to include defined-contribution-plan participants.

11/28/2016 | Institutional Investor

If you are one of the estimated 10,000 people a year who have lost track of their 401(k) plan, get ready for some good news: The federal insurance agency that protects private sector defined benefit pensions wants to add defined contribution plans to its search program.

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Whatever Happened to That Old 401(k)?

11/27/2016 | Wall Street Journal

Suspect you may have lost track of a 401(k) retirement account or pension benefit? You aren’t alone. As Americans jump from job to job, they are leaving more 401(k)-style accounts and pension benefits with ex-employers. Some lose track of the money, forfeiting a piece of their retirement security.

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Blackstone’s Tony James Wants Retirement Security for All

11/17/2016 | Institutional Investor

A surprising new voice has joined the growing chorus of those worried about a retirement crisis in the U.S.

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Multiemployer Pension Program’s Deficit Soars to Record High

11/17/2016 | BNA Pension & Benefits Daily

The PBGC, which backstops defined benefit pension plans, has seen its multiemployer plan insurance program’s deficit rise by $6.5 billion in the last fiscal year to a record-high $58.8 billion

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Congress returns for lame duck session

11/14/2016 | Politico

Opponents to the proposal, including AARP and the Pension Rights Center,argue it provides insufficient protections for workers and jeopardizes “current pension benefits earned by retirees.”

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Iron Workers Plan Gets Bad News As Treasury Rejects Benefit Suspension

11/08/2016 | Pension & Benefits Daily

An Iron Workers defined benefit pension plan has become the third multiemployer plan to have its petition to cut benefits rejected by the Treasury Department.

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Central States Woes Continue, Pension Value Falls $500 Million

11/07/2016 | Transport Topics

Central States Pension Fund lost $500 million during the first six months of this year, according to newly released financial documents, and continues to hemorrhage assets on the road towards eventual insolvency.

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Treasury rejects Ironworkers union application to cut retiree benefits

11/07/2016 | The Baltimore Sun

The U.S. Department of the Treasury has denied an application by Ironworkers Local 16, which represents 1,100 Baltimore-area retirees and workers, to cut pension benefits to retirees to extend the life of the fund, which is in danger of running out of money by 2032.

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