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Employees of former St. Clare's Hospital face pension insolvency

01/10/2017 | Albany Times Union

A pension fund for employees of the former St. Clare's Hospital in Schenectady is likely to run out of money in the next decade, leaving more than 1,100 beneficiaries uncertain about their retirement income.


Failing Multi-Employer Pension 'Rehabilitation Plans' Don't Address Mismanagement of Investments

01/09/2017 | Forbes

According to the Pension Rights Center, there are more than 10 million workers and retirees in 1,400 multi-employer plans. Approximately 150 to 200 of these plans are projected to run out of money within the next 20 years.


Iron Worker Retirees Face Stacked Deck in Vote to Cut Pensions

01/06/2017 | Pension & Benefits Reporter

Nearly 2,000 Iron Workers in the Cleveland area will be voting by Jan. 20 to accept or reject cuts to their pensions, and the vote could pit active employees against retirees.


Donald Trump collected a massive $168,000 union pension. Will he fight for yours?

01/05/2017 | Mic.com

Now that Trump is about to be president, the most important question is: What is Trump's plan to save the system that is designed to protect millions of union pensions like his own?


Retired iron workers could face pension cuts next month

01/04/2017 | The Washington Post

Larry Burruel is starting the new year with a grim reality: His monthly pension check could be cut in half at the end of the month.


New York’s Teamsters May Have Their Pensions Cut. What Went Wrong?

12/30/2016 | The New York Times

As troubled pension funds go, the New York State Teamsters Conference Pension and Retirement Fund, with some $1.3 billion in assets, is by no means the largest. Neither is it in the direst financial shape, even though just 44.8 percent of its obligations are funded.


President-elect Trump, please help protect Cleveland ironworkers' pension rights

12/30/2016 | Cleveland Plain Dealer

If President-elect Donald Trump wants to do right by working-class Americans, he should work with Congress to repeal a cruel law that could slash the pensions of hundreds of retired ironworkers in Cleveland. Over time, it could reduce the benefits of more than one million other retirees and workers nationwide.


Cleveland union becomes first for MPRA acceptance

12/26/2016 | Pensions & Investments

The first multiemployer pension plan to win approval to reduce benefits offers lessons for other struggling plans facing insolvency.


How safe is your pension?

12/22/2016 | Chicago Tribune

But for millions of union workers, part of the attraction of paying union dues over a lifetime of work was the promise that a pension. Many of those pensions are so-called multiemployer plans, which cover workers for unrelated employers in the same industry. More...

Pension Plan Owes Rescue Petition Success to Past Rejection

12/22/2016 | Pension & Benefits Reporter

A multiemployer pension plan that gained Treasury Department approval for a petition to reduce participants’ benefits did so by scanning a road map gleaned from a department rejection letter. This road map may now pave the way for other plans seeking such approval.