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Deal to allow multiemployer pension benefits cuts

12/10/2014 | Associated Press via Yahoo! News

Retirees covered by financially troubled multiemployer pensions could soon see their benefits cut under a congressional spending deal to keep the government running.

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Is Congress About to Cut Your Pension?

12/10/2014 | Bloomberg

Congress is set to vote on a $1.1 trillion spending bill this week, one with a troubling provision for U.S. retirees. If the bill passes, the promised retirement benefits of millions of workers could be slashed. The knee-jerk reaction: Fear that it could set a dangerous precedent and lead to more widespread cuts in retiree pension benefits. Is that realistic? More...

Congress to vote on pension cut proposal

12/10/2014 | Al Jazeera America

Around 1.5 million pensioners could lose benefits, and the law would reverse a 1974 law that protects earned pensions

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Pensions of retirees, widows face cuts in action by House of Representatives

12/10/2014 | SeniorJournal.com

While most seniors were focused on Thanksgiving with their families and then getting ready for Christmas, some members of the U.S. House of Representative have hit them with a nightmare…a reduction in pension benefits for those already retired or their widows. More...

Multiemployer pension proposal riles Teamsters, retiree advocates

12/10/2014 | Journal of Commerce

The “cromnibus” spending bill has produced something for practically everyone to hate, and at the top of the list for organized labor is a proposed amendment that could cut benefits for elderly retirees who draw their income from troubled multiemployer pension plans.

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Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits

12/10/2014 | Pensions & Investments

Controversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.

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Retiree benefits could be cut under congressional plan

12/10/2014 | BenefitsPro

Congress will vote Thursday on a $1.1 trillion spending plan that includes a provision to help out the Pension Benefit Guaranty Corp. by letting financially ailing multiemployer pension plans cut retiree benefits for the first time in 40 years.

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House delay leaves pension reform in question

12/10/2014 | BenefitsPro

An amendment to let troubled multiemployer pension plans cut retiree benefits initially moved forward in Congress on Thursday but faced an uncertain future after the House recessed mid-afternoon without taking a vote on a massive spending plan.

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That awful congressional plan to allow pension cuts heads for enactment

12/09/2014 | Los Angeles Times

The congressional proposal to deal with a supposed crisis in worker pensions by allowing trustees to slash the benefits of already retired workers to shreds is heading toward enactment.

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Labor Unions Accuse Congress of Sneak Attack on Pensions in Lame Duck

12/09/2014 | National Journal

As lawmakers pressed Monday to finalize the legislative language of a must-pass omnibus spending bill, labor unions and retiree groups were mobilizing to defeat what they are characterizing as a lame-duck sneak attack on the pensions of some already-retired workers.

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