News articles about multiemployer pension plans
Reuters: Threatened U.S. pensions safe for now - but what comes next? May 12, 2016.
Business Insurance: Treasury's multiemployer pension decision may be delaying the inevitable. May 11, 2016.
Green Bay Press-Gazette: Retired Teamsters know pension fight's not over. May 10, 2016.
Star Tribune: Treasury rejects Teamster pension cuts. May 9, 2016.
MarketWatch: Teamsters pension cuts may get worse — and a U.S. safety net is at risk. May 9, 2016.
Washington Post: Treasury rejects plan to cut pension benefits for some retirees. May 6, 2016
Detroit Free Press: Teamsters retirees await word on deep pension cuts. May 6, 2016.
The Kansas City Star: Mediator Kenneth Feinberg rejects Central States’ plan to cut Teamsters’ pensions. May 6, 2016.
Akron Beacon Journal: Retired Teamsters get reprieve as federal government rejects Central States pension cuts. May 6, 2016.
WUWM Milwaukee Public Radio: Treasury Department Preserves Teamsters' Pensions - 15,000 in Wisconsin. May 6, 2016.
Belleville News-Democrat: Feds reject plan to cut Teamsters’ pensions. May 6, 2016.
BenefitsPro: Treasury denies Central States pension plan try to cut benefits. May 6, 2016.
AMI Newswire: Congress, seeing national pension crisis, starts to act. May 5, 2016.
The Gazette: Pension cuts barreling down the road? April 24, 2016.
WIVB4: Teamsters’ pension fund insolvent; local retirees in jeopardy. April 21, 2016.
The Lima News: Decision on pension cuts a ‘waiting game’. April 20, 2016.
KNSI Radio: Senator Franken Wants Pension Cuts Reviewed. April 15, 2016.
Quad City Times: Q-C Teamsters join D.C. rally against pension cuts. April 14, 2016.
Quad City Times: Rally to focus on plight of pensioners. April 9, 2016.
WHOTV: Iowans Struggling, Fearful of July 1 Pension Cuts. March 31, 2016.
Labor Notes: Central States Retirees: A Wave of Organized Wrath. March 14, 2016.
WKRN: Retirees fighting to keep their pensions from being slashed. March 12, 2016.
KARE11 News: Retirees rally at Minnesota Capitol over pension cuts. March 12, 2016. [Video story]
Times-News Online: Protesters: 'Save our pensions' from rescue plan. March 11, 2016.
KSMU Ozarks Public Radio: Former President Clinton Draws Large Crowd in Support of Hillary. March 11, 2016. [Multiemployer cuts discussed]
The Hill: Miners union pleads with senators for pension fix. March 1, 2016.
WWNY: Local Retired Teamsters Face Pension Cuts. February 29, 2016.
PlanSponsor: More Union Plans Apply to Cut Benefits. February 29. 2016.
Star Tribune: Teamsters pension fund cuts would affect 14,800 in Minnesota. February 24, 2016.
Pensions & Investments: Innovation could be outcome of multiemployer plan debate. February 22, 2016.
Houston Chronicle: Houston workers fight for promised pensions. February 22, 2016.
WIFR: Teamsters Members Fighting to Prevent Pension Cuts. February 14, 2016.
NBC26: Thousands facing pension cuts in Northeast Wisconsin. February 12, 2016.
Star Tribune: Riled Teamsters at Mpls. meeting voice opposition to pension cuts. February 10, 2016.
Detroit Free Press: Retired Teamsters fight to stop pension cuts. February 8, 2016.
Sheboygan Press: Wisconsin teamster retirees keep up pension fight. February 8, 2016.
Detroit News: Hundreds speak out on proposed Teamster benefit cuts. February 8, 2016.
Times Herald Record: Shrinking pension riles retired Modena trucker. February 7, 2016.
Detroit Free Press: Teamsters pension crisis driving deep cuts for retirees. February 6, 2016.
BenefitsPro: 3 multiemployer pension plans seek to cut benefits. February 4, 2016.
Roanoke Times: Some Teamster retirees are getting hosed on their pensions. January 20, 2016.
Detroit News: Dingell leads coalition against Teamster pension cuts. February 3, 2016.
Detroit Free Press: Forum for retired Teamsters to speak out on pension cuts. February 1, 2016.
WFMJ: Teamsters meet in Youngstown over pension cuts. January 31, 2016.
The Detroit News: Input on pension benefit cuts sought. January 31, 2016.
Duluth News Tribune: Retirees: Feds failed to protect pension fund. January 21, 2016.
Belleville News-Democrat: How safe is your pension? January 17, 2016.
Green Bay Press Gazette: Teamsters look to fight pension cuts. January 12, 2016.
WFMY: Retirees Fight To Protect Pensions From Proposed Cuts. January 11, 2016.
Star Tribune: 14,800 Minnesotans face deep pension cut. December 14, 2015.
Sheboygan Press Media: Pension cuts outrage Wisconsin Teamsters. December 9, 2015.
WLWT5: Teamsters voice anger at Saturday pension meeting. December 7, 2015.
Cincinnati Enquirer: Teamsters voice anger with pension trustee. December 5, 2015.
Cincinnati Enquirer: Retired Teamsters fight for their pensions. December 4, 2015.
Associated Press: Retired truckers face pension cuts as high as 61 percent. November 23, 2015.
Argus Leader: Pension cuts could hit South Dakotans. November 23, 2015.
NBC Nebraska: Local Retirees Outraged by Proposed Pension Cuts, November 19, 2015.
Iwantthenews.com: Pension cuts hurt retirees. November 19, 2015.
Quad Cities Online: Teamsters Local 371 organizes to protest pension cuts. November 15, 2015.
The Repository: Pension cuts worry Northeast Ohio Teamsters. November 15, 2015.
Lincoln Journal Star: Retired truck drivers face sharp pension cuts. November 15, 2015.
KWQC: Teamsters Local 371 members band together to get pensions back. November 15, 2015.
Columbus Dispatch: Bill would protect pension benefits. November 13, 2015.
Star Tribune: Retiree benefits are facing many threats. November 11, 2015.
Northland News Center: Teamster Local 346 retirees hit with pension cuts. October 27, 2015.
CNN Money: Why 8,737 UPS retirees are bracing for pension cuts. October 27, 2015.
The Hill: Labor, pension managers square off over benefits. October 21, 2015.
CNN Money: Is Your Pension Safe? These are the next funds to fail. October 20, 2015.
Pittsburgh Post Gazette: Teamster pensions go off road. October 18, 2015.
WXYZ Detroit: Pension cuts could be coming for retired Teamsters. October 16, 2015.
Columbus Dispatch: Planned pension cuts outrage retired Teamsters. October 16, 2015.
CNN Money: Retired truck drivers could see their pension checks cut in half. October 15, 2015.
Toledo Blade: Teamsters’ retirees receive notice of huge pension cuts. October 15, 2015.
St. Louis Post Dispatch: Legislation can keep pension plans funded. October 11, 2015.
New York Post: When pension funds go empty, all bets are off. October 10, 2015.
WKBN 27: Local Teamsters face deep pension cuts. October 9, 2015.
Nightly Business Report: Teamsters’ pension plan problems. October 8, 2015.
Detroit News: 30,000 Michigan Teamsters face pension cuts. October 8, 2015.
New York Times: Teamsters’ Pension Fund Warns 400,000 of Cuts. October 7, 2015.
CNN Money: 273,000 union workers face pension cuts. October 7, 2015.
Kansas City Star: Letters warn retired Teamsters of big pension cuts. October 7, 2015.
Columbus Dispatch: Retirees soon to learn how much pensions may be cut. October 2, 2015.
Bankrate: PBGC says union pensions facing less risk. September 29, 2015.
WDJT : Local group defends retirees after pension cuts signed into law. September 19, 2015.
The Columbus Dispatch: Proposed pension cuts have Teamster retirees worried. September 16, 2015.
Omaha World Herald: Possible cuts to pensions have Nebraskans, Iowans on alert. September 15, 2015.
Chicago Tribune: Retirees brace for hardship as multi-employer pension cuts loom. September 14, 2015.
AARP Bulletin: Retirees Lash Out at Law That Allows Cuts in Some Pensions. September 14, 2015.
Pensions & Investments: IRS releases multiemployer benefit cut voting rules. September 2, 2015.
Lakeland Times: Can you afford to retire? August 28, 2015.
Detroit News: Hoffa: Congress must step up to protect pensions. July 15, 2015.
The Hill: Sanders pushes to block pension cuts. June 22, 2015.
WOWT 6 News: Pension Fight Taken to Washington. June 22, 2015. (Video)
Wall Street Journal CFO Journal: Bill Seeks Multiemployer Pension Reform Act Repeal – Update. June 19, 2015. (Subscription required)
Plansponsor: Bill Would Block Multiemployer Plan Benefits Cuts. June 19, 2015.
WFMJ: Federal law casts shadow on future of Teamster pensions. April 21, 2015.
Columbus Dispatch Significant pension cuts loom for retirees. March 22, 2015.
NBC4: Retirees Facing Severe Pension Cuts. February 23, 2015.
Pensions & Investments: Multiemployer plans untangle reforms. February 9, 2015.
NW Labor Press: Big change to law on union pensions. February 4, 2015.
Albany Times Union: Retirements reduced by the stroke of a pen in D.C. January 31, 2015.
Wall Street Journal: Caesars Move Highlights Risks to Multiemployer Pensions. January 21, 2015.
MarketWatch: New law allows cuts in multiemployer pensions. January 7, 2015.
San Antonio News-Express: Congress punishes retirees for company lapses. January 6, 2015.
Pittsburgh Post-Gazette:That Solid Pension Benefit? It may be subject to change. December 28, 2014.
Pensions & Investments: Multiemployer plans can cut benefits to stay solvent. December 22, 2014.
Albany Times Union: New federal law allows pension cuts. December 22, 2014.
CNN Money: Union retirees: Don't Cut My Pension. December 22, 2014.
Washington Post: New law lets some pension plans cut promised benefits. December 19, 2014.
MSNBC The Ed Show: A Devastating Blow to Retirees. Aired December 18, 2014.
Reuters: After the new federal pension rules: What retirees need to know. December 18, 2014.
Bankrate: Are pensions on a slippery slope? December 18, 2014.
BenefitsPro: Legal fight likley over pension reforms. December 17, 2014.
AARP Bulletin Today: Those Pension Cuts and What You Need to Know. December 16, 2014.
Investor's Business Daily: Pension Benefits: New Law Lets Trustees Cut Them. December 16, 2014.
NW Labor Press: Congress passes major change to law on union pensions. December 16, 2014.
Labor Notes: Cromnibus Continues Attack on Pensions. December 15, 2014.
National Memo: The Hunger Games Economy. December 15, 2014.
St Louis Post Dispatch: Middle-class retirees deserve better from Congress. December 15, 2014.
Huffington Post: 4 Ways Congress Just Screwed Up Pensions. December 15, 2014.
Wall Street Journal: Pension Bill Seen as Model for Further Cuts. December 14, 2014.
The Washington Post: Your pension could go poof, do you have a backup plan. December 12, 2014.
Pensions & Investments - House passes multiemployer pension reform. December 12, 2014.
Ms Magazine: Warren and Pelosi fight spending bill. December 12, 2014.
C-Span Washington Journal: Pension Cuts in the 2015 Federal Spending Bill. Aired December 12, 2014.
CNN Money: Congress approves plan to allow pension cuts. December 12, 2014.
BenefitsPro: Pension reforms pass House. Deember 12, 2014.
StarTribune: Rep Kline's proposed cuts catch pensioners by surprise. December 11, 2014.
Reuters: Congress no bailout pension plan is no solution for retirees. December 11, 2014.
LA Times: Congress poised to allow cuts to private pension payouts. December 11, 2014.
Bloomberg Businessweek: Congress Says It Has to Cut Pensions to Save Them. December 11, 2014.
Associated Press: Deal to allow multiemployer pension benefits cuts. December 11, 2014.
Al Jazeera America: Congress to vote on pension cut proposal . December 11, 2014.
Journal of Commerce: Multiemployer pension proposal riles Teamsters. December 10, 2014.
CNN Money: Congress considering plan to allow pension cuts. December 10, 2014.
Bloomberg: Is Congress about to cut your pension. December 10, 2014.
BenefitsPro: Retiree benefits could be cut under congressional plan. December 10, 2014.
BenefitsPro: House delay leaves pension reform in question. December 10,2014
Pensions & Investments: Immediate multiemployer reforms urged. December 8, 2014.
LA Times: The lame-duck Congress plots to undermine retiree pensions. December 5, 2014.
WOIO/19 Action News: Bill could slash pensions across America. December 5, 2014
BenefitsPro: Congress could soon cut pensions in ailing plans. December 4, 2014.
Politico Pro: Lame duck fix to pension cliff emerges. December 4, 2014. (Subcriber access only)
Pension & Benefits Reporter: Multiemployer program posts record deficit. November 25, 2014.
NPR: One Million American Pension Plans Could Be Insolvent In 10 Years. November 19, 2014.
BenefitsPro: Benefit clawbacks - only way to avoid a pension cliff. November 11, 2014.
PoliticoPro: Pension cliff looms. November 10, 2014.
Bankrate.com: Should Union Pensions Be Cut?, June 6, 2014.
Bloomberg BNA Pension & Benefits Reporter: ERISA Anti-Cutback Rule at Heart of Debate On NCCMP Proposal for Multiemployer Plans, May 13, 2014.
New York Times: Thought Secure, Pooled Pensions Teeter and Fall, April 12, 2014.
Bloomberg Businessweek: An Unpalatable Plan to Rescue Failing Pensions, March 13, 2014.
Star Tribune: Pension cuts gaining political momentum, March 13, 2014.
Bloomberg: Twinkies Bankruptcy Exposes Peril to Some U.S. Pensions, February 26, 2014.
CNN Money: Retired union workers facing 'unprecedented' pension cuts, November 15, 2013.
In These Times: A Fight Builds Over Multi-Employer Pensions, November 11, 2013.
Pensions & Investments: Union and retiree pressure mounting against multiemployer pension fund reform, October 29, 2013.
Kiplinger’s Retirement Report: Retirees face cuts in pension benefits, August 19, 2013.
Reuters: Do no harm: Protecting retirees in shaky pension plans, June 26, 2013.
Wall Street Journal: Union-Employer Pension Proposal Would Hit Some Retirees, April 12, 2013.
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Did You Know?
A pension plan is a retirement plan that is sponsored by an employer for the purpose of providing retirement income to employees. The most common type of pension plans is a defined benefit plan. Most defined benefit plans provide retirees with guaranteed lifetime payments.