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So, You Think That You Have The Right To A Pension?

11/11/2015 | Oye! Times

As a baby boomer, my interest in pension plans has grown as I approach the magic age when "mailbox money" will appear in my bank account every month. When I entered the workforce in the late 1970s, pension plans were a foundation of every employment contract along with a monthly salary and health insurance. More...

Lawmakers Announce Principles for Bill As Alternative to DOL Fiduciary Rule

11/10/2015 | Bloomberg BNA's Pension & Benefits Reporter

A bipartisan group of House lawmakers teamed to release a set of "best interest" principles to form the basis of financial education and advice legislation they are developing to counter the Department of Labor’s proposed fiduciary rule.

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Plucking people’s pensions

10/29/2015 | Washington Post

That’s what’s happening for some folks who are giving up rights to future pension payments, reports The Washington Post’s Jonnelle Marte. It’s called pension advances, which offer retirees a lump-sum cash advance in exchange for all, or part, of their future pension payments, according to Marte.

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What are the limits of congressional power to authorize suits?

10/28/2015 | ABA Journal

Spokeo Inc. v. Robins, which will be argued on Monday, Nov. 2, has the potential to significantly change the law in terms of the ability of federal statutes to authorize suits in federal courts.

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U.S. CEO retirement packages: Bigger than yours

10/28/2015 | Reuters

Most fast food workers do not earn enough to retire with much of a pension. Then there is David Novak, executive chairman of YUM Brands, the conglomerate that runs Taco Bell, Pizza Hut, and KFC outlets.

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Lawmaker Says Central States Rescue Not Only Option

10/20/2015 | Bloomberg BNA Pension & Benefits Reporter

A lawmaker who introduced legislation to address the Central States Pension Fund's anticipated future insolvency—along with other supporters of the bill and critics of the fund's rescue plan—disputed the notion that the plan is the only realistic solution.

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Proposed draconian cuts to Teamsters’ pensions draws fire from retirees, who vow action

10/13/2015 | Logistics Management

If you want to meet some of the most ticked-off people on the planet, talk to any trucking industry retiree who received that letter from the Teamsters’ Central States pension plan notifying them of their potential financial haircut coming in retirement.

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Legislation can keep pension plans funded (letter to the editor)

10/11/2015 | St. Louis Post-Dispatch

The first domino has fallen. In the waning moments of Congress last December, a bill was passed allowing multiemployer pension funds to cut the long-promised pension benefits of retirees.

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Proposed pension payment cuts of 50 percent and deeper rock and rile Teamster retirees in Akron

10/07/2015 | Akron Beacon Journal

Count Steve Kmet among thousands of retired Teamsters around the nation to open their mail earlier this week and get a hard financial punch to the gut

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Central States Fund Alerts Participants To Potential Pension Reductions

10/06/2015 | Bloomberg BNA's Pension & Benefits Reporter

Central States, Southeast and Southwest Area Pension Fund alerted its plan participants on its website that all fund participants were sent letters describing how the fund’s proposed pension reductions under the Multiemployer Pension Reform Act of 2014 will affect their benefits.

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