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Consumer group urges special congressional committee to develop solution to multiemployer pension crisis

10/15/2018

As a result of a misguided law passed in 2014 to ostensibly “save” pension plans, the Treasury Department announced last week that it has provisionally approved an eighth application from a multiemployer pension plan seeking to slash the benefits of vulnerable retirees as a way of balancing its books.

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Thousands of Workers and Retirees Head to Ohio to Protest Pension Cuts and Pressure Congress to Act

07/10/2018

COLUMBUS, OHIO - On Thursday July 12th, thousands of active and retired mineworkers, truck drivers, warehouse workers, bakery workers and others who worked hard to earn a lifetime pension are rallying in Columbus, Ohio to urge lawmakers to protect their benefits.

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Joint Statement Opposing “Composite” Pension Legislation

12/20/2017

Joint Statement of AARP, the International Association of Machinists and Aerospace Workers, the International Brotherhood of Boilermakers, Musicians for Pension Security, the National United Committee to Protect Pensions, the National Retirees Legislative Network, the Pension Rights Center, the United Steelworkers, and the Western Conference of Teamsters Pension Trust Opposing Composite Pension

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Senator Sherrod Brown and Congressman Richard Neal Introduce bills to save financially troubled multiemployer plans and protect retirees

11/16/2017

WASHINGTON – The Pension Rights Center released letters today strongly endorsing new multiemployer legislation introduced by Senator Sherrod Brown (D-OH) and Congressman Richard Neal (D-MA).  The “Butch Lewis Act of 2017” and its House companion bill “The Rehabilitation of Multiemployer Pensions Act”  provide an innovative way to avoid retiree benefit reductions by providing relief to

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U.S. Supreme Court’s “church plan” decision leaves key issue undecided

06/05/2017

WASHINGTON – The U.S. Supreme Court ruled today that pension plans with ties to religious organizations may not have to comply with federal pension law. Today’s ruling leaves it to lower courts to decide whether hundreds of thousands of people who thought they were guaranteed federal protections will receive the pensions they earned.

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Retirees to Congress: Protect Our Pensions!

05/09/2017

Senator Bernie Sanders and Rep. Marcy Kaptur Reintroduce Bill to Save Retiree Pensions

WASHINGTON – The Pension Rights Center joins retirees, members of Congress and others in declaring today a Day of Action to call attention to the threats to the retirement security of millions of workers and retirees covered by the financially-troubled multiemployer pension plans.

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Pension Rights Center statement on executive order seeking review of fiduciary rule

02/03/2017

Ensuring that all Americans saving for retirement receive unbiased investment advice is paramount to guaranteeing their economic security in retirement. The Center believes that every American has a right to investment advice that will maximize their retirement savings rather than line the pockets of unscrupulous investment advisers.

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Cleveland Iron Workers vote to approve pension cuts: Iron Workers Local 17 becomes first plan to cut retiree pensions

01/27/2017

WASHINGTON – Today, Cleveland Iron Workers Local 17 Pension Fund announced that its retirees will be the first in the country to face devastating pension benefit cuts as a result of the More...

Treasury Department approves pension cuts for Cleveland Iron Workers' retirees

12/20/2016

WASHINGTON – In a decision affecting more than 2,000 workers, retirees, spouses and widows, the Treasury Department announced on Friday that it had approved Iron Workers Local 17 Pension Fund’s application to cut retiree pensions under the Multiemployer Pension Refo

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Supreme Court to decide whether certain nonprofit pension plans can claim “church plan” status

12/06/2016

WASHINGTON – On Friday, the U.S. Supreme Court announced that it will hear three cases to decide whether pension plans established by religiously-affiliated nonprofit healthcare systems can receive the same treatment as plans established by churches.

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