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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.


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. 


8 steps to seek retirement funding peace of mind

10/23/2016 | Knoxville News Sentinel

It’s always a good time to talk about retirement planning because many Americans near or at retirement are worried they’ll outlive their money. It’s a legitimate concern.


What Happens When There’s a Mistake in Your 401(k)

10/23/2016 | The Wall Street Journal

Are you keeping a close eye on your 401(k) and other retirement plans? You should, because employers and plan managers make mistakes—and that can lead to big headaches and out-of-pocket costs for you.


Plan would hang onto retirement funds for employees who can't be found

10/17/2016 | Pittsburgh Post-Gazette

When it comes to saving for retirement, every penny counts. Even lost pennies. The Pension Benefit Guaranty Corp. has a plan to help thousands of retirement savers find those lost pennies.


Pension Rights Center celebrates 40 years, pension 'superheroes'

10/07/2016 | Pensions & Investments

The Pension Rights Center in Washington celebrated its 40th anniversary and named several pension “superheroes” at an award ceremony Thursday.