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.

Should I take my pension in monthly payments or a lump sum?

05/04/2016 | CNN Money

I'm retiring and my company has given me the choice of receiving a monthly pension check or a lump sum. Which should I take? --Robert, Texas


Time to rethink pensions?

05/04/2016 | CNBC Power Lunch

Karen Friedman, Pension Rights Center Executive Vice President and Policy Director, discusses the current state of pensions in the U.S. and what can be done in the future.


Teamsters retirees await word on deep pension cuts

05/04/2016 | Detroit Free Press

More than 13,000 Teamsters retirees in Michigan face cuts to their pensions as early as July. Some pension checks could be cut in half for retired truck drivers and others


Some Retirees Brace for Major Cuts in Wisconsin and Throughout the Midwest

05/03/2016 | Milwaukee Public Radio

Thousands of pensioners in Wisconsin and throughout the Midwest could soon see their benefits slashed. The U.S. Treasury will decide by the end of this week whether Central States Pension Fund can cut retirees’ benefits by up to 60 percent. The possibility could cause a lot more people to worry about their pensions.


Pensions At Risk: Is Your Retirement In The Crosshairs?

05/02/2016 | The Alternative Daily

The U.S. Treasury Department is expected to decide by May 7 whether to approve benefit reductions for the trucking industry, which is one of the nation’s largest pension funds with more than 400,000 members.


Senate Democrats Urge Scrutiny of Central States Rescue

04/25/2016 | BNA Pension & Benefits Reporter

The entire Democratic Party Senate caucus has urged the Treasury Department to closely scrutinize the Central States pension fund's rescue proposal.


Pension cuts barreling down the road?

04/24/2016 | The Gazette

Michael Barton drove a truck for three decades for United Parcel Service. But as of July 1, despite all those years on the job, he faces the possibility of a 50 percent cut in his pension checks.


How the Dream of Retirement Is Becoming a Nightmare

04/22/2016 | Next Avenue

How bad is it? According to a May 2015 study by the Government Accountability Office on retirement preparedness, half of American households have no retirement savings at all. That’s zero: no 401(k)s, no IRAs, not a dime.


Can Teamsters Save the Right to Retire?

04/21/2016 | Labor Notes

Over 2,000 retirees and Teamsters from 20 states rallied in front of the U.S. Capitol April 14, calling on the Treasury Department to stop their pensions from being slashed by 50 to 70 percent.


One of the nation’s largest pension funds could soon cut benefits for retirees

04/20/2016 | Washington Post

More than a quarter of a million truckers, retirees and their families could soon see their pension benefits severely cut — even though their pension fund is still years away from running out of money.