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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.


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


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.”


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.


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.


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.


Religious Health Care Systems Push Back Against Pension Suits in Supreme Court

11/04/2016 | The National Law Journal

Three religious-affiliated, nonprofit health care systems are asking the U.S. Supreme Court to step into a multimillion-dollar battle with two plaintiffs firms that claim the pension plans of the medical networks are not exempt from federal law.


Saver’s Credit fact sheet issued

10/28/2016 | Benefits Pro

An underutilized incentive to save for retirement might get a bit wider exposure, if the National Institute on Retirement Security and the Pension Rights Center have their way.


No Easy Solutions to Help Multiemployer Pension Plans

10/24/2016 | Pension & Benefits Daily

Several options have been proposed to bolster the PBGC’s multiemployer pension program funding by altering its premium structure, but none have overwhelming appeal, and all would require some give from stakeholders, the American Academy of Actuaries said.


Upstate Teamsters Face 30% Pension Cut

10/24/2016 | WWNYTV.com

Retired after 18 years as a trucker, Morristown's Bill Mead faces an unpleasant fact. "The Teamsters fund is going belly up, for lack of a better word," he said. The upstate teamsters fund is asking the Treasury Department to okay a 31 percent cut in the monthly check for retirees.