Jump to Navigation
Jump to Content

In the News

Some news web sites require free registration to read the entire article, and some links may expire within several days after the article's publication date.

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

Teamsters want local Congressional reps, Senators to protect their pensions

06/06/2016 | Albany Times Union

A group of retired Teamsters demonstrated in front of the Leo O’Brien federal building in Albany Monday to draw attention to the threats to their pensions, as well as what looks like Congressional inaction. 

More...

Len Boselovic’s Heard off the Street: Teamster pensions spared, for the time being

06/06/2016 | Pittsburgh Post-Gazette

Late in 2014, Congress quietly approved a scheme to prevent the insolvency of the federal program backing the pension benefits of about 10 million Americans.

More...

Pension ruling triggers dire warnings

06/05/2016 | Business Insurance

The U.S. Treasury Department's rejection of a proposal by the Central States Pension Fund to slash benefits sets the stage for the collapse of the massively underfunded plan as well as the failure of the decades-old federal insurance program that protects benefits of more than 10 million participants in multiemployer plans.

More...

Missing Pensions Costly to Retirees

06/03/2016 | Kiplinger's Retirement Report

People who have earned a defined-benefit pension seem to be in an enviable position -- retiring with the promise of a steady income stream for life. But it's not so enviable if the promised benefits don't show up. And an investigation by the U.S. Department of Labor is finding that many retirees aren't getting the benefits they've earned. More...

When Your 401(k) Is Better for Your Employer

06/03/2016 | New York Times

Is your retirement plan set up to benefit you or your employer? Such a question may seem out of place. After all, the Employee Retirement Income Security Act of 1974, known as Erisa, requires overseers of 401(k) plans and other benefit programs to ensure they are run safely, soundly and in participants’ best interests. More...

Retirees Win Round One

05/31/2016 | Labor Notes

Who could have predicted a year ago, as Congress-sanctioned pension cuts gathered momentum, that thousands of retired truckers self-organizing in diners and union halls across Middle America would manage to apply the brakes?

More...

Supreme Court Hands Verizon Retirees Victory In Pension Spinoff Case

05/24/2016 | Advisor News

In a significant victory for a group of Verizon retirees whose pensions were spun off by the company, the U.S. Supreme Court vacated a lower court decision and sent the case back to be re-evaluated, giving the class action suit, advanced by the Association of BellTel Retirees Inc (BellTel), a significant shot in the arm.

More...

Big pensions add to city's retirement fund woes

05/23/2016 | Philadelphia Inquirer

The median private-pension benefit of individuals age 65 and older was $9,227 a year in 2014, according to the Pension Rights Center, a nonprofit advocacy group based in Washington. That same year, the median state- and local-government pension benefit was $14,158.

More...

`Zombie' Pension Plans Need Autopsies, Financial Watchdog Says

05/20/2016 | Bloomberg BNA

The finances of the Central States pension fund, like those of other dead or dying “zombie” pension plans, need to be investigated, a financial watchdog said.

More...
print