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Decision in Saint Peter’s “Church Plan” Case a Victory for Workers and Retirees; Lawsuit against Hospital Can Proceed

04/02/2014

WASHINGTON – On Monday, a New Jersey federal district court judge ruled that a pension plan established by religiously-affiliated hospital is not a “church plan” exempt from the protections of federal pension law. The Honorable Michael A.

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Pension Rights Center Applauds Senator Harkin’s New Retirement Proposal

01/30/2014

WASHINGTON – Today the Pension Rights Center applauded Senator Tom Harkin (D-Iowa), chairman of the Senate Health, Education, Labor, and Pensions Committee, for introducing the USA Retirement Funds

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Pension Rights Center Calls myRAs “A First Step” Leading to Comprehensive Solutions to the Retirement Crisis

01/29/2014

WASHINGTON – The Pension Rights Center lauded the Obama administration today for recognizing the severity of the retirement income crisis by proposing a new Treasury bond to promote savings, particularly for low- and moderate-wage earners.

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PRC on the Detroit Bankruptcy: Allowing Cuts to Retirees’ Pensions is “Unprecedented and Unconscionable”

12/06/2013

The Pension Rights Center released a statement reacting to Judge Steven Rhodes’ decision to permit the city of Detroit to reduce pensions by entering Chapter 9 bankruptcy:

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Pension Rights Center Stands with Pensioners against Proposed Cuts

10/29/2013

WASHINGTON – The Pension Rights Center released a statement today cautioning Congress against supporting a proposal that “endorses the unprecedented and dangerous step of empowering pension plan trustees … to slash benefits of men and women who are alre

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Kathleen Kennedy Townsend and Debra Whitman Join Pension Rights Center’s Board of Directors

10/23/2013

WASHINGTON — The Pension Rights Center is pleased to announce that former Maryland Lieutenant Governor Kathleen Kennedy Townsend and AARP Executive Vice President Debra Bailey Whitman have joined the organization’s board of directors More...

Pension Rights Center Statement on Saint Peter's Healthcare System "Church Plan" Ruling from the IRS

08/27/2013

WASHINGTON – Last week, Saint Peter's University Hospital employees and retirees were notified that the Internal Revenue Service had issued a Private Letter Ruling saying that their pension plan is a “church plan.” If allowed to stand, the ruling will mean that the pension plan will no longer be protected by ERISA (the Employee Retirement Income Security Act, the nation’s landmark pension law),

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Pension Rights Center Applauds the Pension Benefit Guaranty Corporation’s Take-Back of a Hospital Pension Plan

05/10/2013

WASHINGTON — The Pension Rights Center applauds today’s decision by the Pension Benefit Guaranty Corporation (PBGC) to take over pension payments to more than 800 former employees of the now-defunct Hospital Center at Orange (HCO).

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Government Agencies Restore Protections to Hospital Retirees’ Pensions

03/29/2013
"Church plan" designation for pension plan revoked in unprecedented action

WASHINGTON -- After a 10-year struggle, hundreds of former workers and retirees from the Hospital Center at Orange (HCO) once again have federal protections for their pensions.

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“De-Risking” Pensions Could be Risky to Pensioners

10/18/2012

WASHINGTON -- In the wake of moves by several large companies to “de-risk” their traditional pension plans, the Pension Rights Center is calling for a moratorium on such actions until Congress can look into the risks posed by these strategies to workers and retirees.

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