News articles about multiemployer pension plans
No Easy Solutions to Help Multiemployer Pension Plans. October 24, 2016
Tea Leaves Offer Clues to Coming Pension Rescue Petitions. October 7, 2016
Treasury rejects Ironworkers union application to cut retiree benefits. November 7, 2016
USA Today: 35,000 Teamster members in New York face pension cuts. October 29, 2016.
Pensions and Investments: Multiemployer Pension Reforms Allowing Composite Plans Proposed. September 9, 2016. (Subscription Required).
The St. Augustine Record: Pension on Precipice of Destruction. August 14, 2016.
Politico: Who will save Central States? June 15, 2016.
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 joint-and-survivor annuity is an annuity that pays a monthly benefit over the lives of the participant and his or her surviving spouse. This is the default form of benefit for married participants in most defined benefit pension plans. Because it lasts for the life of both the worker and the spouse, a joint-and-survivor annuity typically results in a lower monthly benefit payment than a single-life annuity.