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Central States Retirees: A Wave of Organized Wrath

03/14/2016 | Labor Notes

The Detroit picket was one of five this weekend called by angry Teamster retirees under the rubric of “March Madness,” with actions also held in Kansas City, St. Paul, Columbus, and Dunn, North Carolina. 

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Editorial: State needs to address senior squeeze

03/13/2016 | Concord Monitor

Most current retirees worked in an age when larger companies provided employees with defined benefit pension plans. When combined with Social Security, pensions allow many retirees to enjoy a comfortable old age. Despite that, according to the Pension Rights Center, half of America’s 46.2 million retirees in 2014 had an income from all sources of less than $22,248.

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Retirees Nationwide Protest Multiemployer Plan Benefit Cuts

03/11/2016 | Plan Sponsor

The Pension Rights Center announced that in a series of coordinated actions taking place from March 10 through 13, retired truck drivers, spouses and widows are taking to the streets in five states to protest unprecedented proposed cuts to their pensions.

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Editorial: A debt trap in need of a fix

03/11/2016 | The Register Guard Projects

In 2014, half of all older U.S. adults had less than $22,248 in yearly income from all sources, according to the Pension Rights Center. Pushing them further into poverty by garnishing their Social Security is an embarrassment to the country.

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States Could Offer Effective Options for Workers Without Retirement Plans

03/04/2016 | TheStreet

About half of American workers in the private sector are not planning long term for their future, lacking any sort of pension or retirement savings plan.

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Closely Watched Pension Case Could Bring Cuts For Other Plans

02/29/2016 | Financial Advisor

When the Treasury Department delivers its ruling on proposed pension cuts for truckers in May, the cargo for a wide range of retirees could be Pandora’s box, warned Pension Rights Center Policy Director Karen Friedman.

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Local Retired Teamsters Face Pension Cuts

02/29/2016 | WWNY News 7

After working 17 years as a trucker, Alan Woodall of Norfolk got a letter. His Teamsters pension fund may become insolvent and his checks may be cut, or even cut off.

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More Union Plans Apply to Cut Benefits

02/29/2016 | PlanSponsor

According to the Pension Rights Center, the Iron Workers Local 17 Pension Fund, based in Ohio, was the second multiemployer plan to apply to the U.S. Treasury Department for permission to cut benefits under the Multiemployer Pension Reform Act of 2014 (MPRA).

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Is Pension Overhaul A Raw Deal For Career Military?

02/26/2016

Congress is cutting the guaranteed defined benefit pension plan for service members–and to make the change more palatable, adding sweeteners: a 1% base pay contribution and up to 4% match in the government Thrift Savings Plan and lump sum bonuses.

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Report: Teamsters pension fund cuts would affect 14,800 in Minnesota

02/23/2016 | Houston Chronicle

Cuts proposed by the Teamsters Central States Pension Fund will touch retirees and workers in every corner of Minnesota,a document just released by the Pension Rights Center reveals.

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