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The Pension Rights Center is mentioned in articles where you see the PRC icon.

Houston workers fight for promised pensions

02/22/2016 | Houston Chronicle

"We've never seen anything like this - ever," Pension Rights Center Policy Director Karen Friedman said. "(The) law pretty much gives almost unbridled power to the trustees of certain pension funds that will allow them to cut the pensions of retirees by, in this case, as much as more than 70 percent."


Innovation could be outcome of multiemployer plan debate

02/22/2016 | Pensions & Investments

With three multiemployer pension plans moving to cut benefits, pension advocates are pushing to derail the law that made such steps possible before there are more, while other experts press for new plan designs.


Iowa's Treasurer Proposes State-Run Retirement Options for Iowans

02/18/2016 | Iowa Public Radio

42 percent of Iowa’s private sector workers do not have an employer-sponsored retirement plan. State Senator Janet Petersen and Iowa’s State Treasurer Michael Fitzgerald are working to change that. They’ve proposed a state-run plan for private employees, something more than 20 states are also considering.


Verizon participants petition SCOTUS on right to sue over de-risking deal

02/08/2016 | BenefitsPro

The Supreme Court is being petitioned to review a claim that could clarify when participants in defined benefit pension plans have a right to sue sponsors under the Employee Retirement Income Security Act.


Hundreds speak out on proposed Teamster benefit cuts

02/08/2016 | The Detroit News

More than 500 people filled a public hearing Monday to speak out on proposed benefit cuts to one of the largest Teamster pension funds, which includes 30,000 members in Michigan.


Retired Teamsters fight to stop pension cuts

02/08/2016 | Detroit Free Press

Retired pensioners called a plan to rescue the Central States plan as "Pension Theft." The retirees said they don't know what they'll do if pensions are cut by up to 60%.


Teamsters pension crisis driving deep cuts for retirees

02/06/2016 | Detroit Free Press

A plan to slash pensions for retired Teamsters has activists warning a dangerous precedent could be set for other plans. Angry Teamsters are expected in Detroit to protest cuts of 50% or higher.


Teamsters Local Pension Seeks Benefit Cuts, Third Multiemployer Plan to Request Approval

02/02/2016 | Bloomberg BNA's Pension & Benefits Reporter

A New Jersey-based Teamsters local pension fund has become the third multiemployer pension plan known to apply for Treasury Department approval of benefit suspensions.


State-run retirement plans could offer a fix for future

01/30/2016 | Minnesota Star Tribune

At least half of the states have been working on some sort of plan, as tracked by the Pension Rights Center, an advocacy organization for workers based in Washington. Generally, workers’ contributions get deducted from their paychecks, like in a 401(k) plan, only the money goes into a government-sponsored plan.


De-Risking and Rescue Plan Petitions Expected to Rise

01/25/2016 | Bloomberg BNA's Pension & Benefits Reporter

The de-risking of single-employer defined benefit pension plans and the suspension of benefits by multiemployer plans are poised to be two of the primary issues facing pension plan sponsors and participants in 2016.