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House Approves Budget Agreement That Includes Hikes in PBGC Premiums

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Defined benefit plan pension insurance premiums would be increased by Congress for the second time in less than two years under a new budget compromise reached by the heads of the House and Senate Budget committees, with the premium provisions projected to cut federal spending by nearly $8 billion over 10 years. [PDF]

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Retirement crisis grows as cities raid pension and health plans

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Across America, states, counties and cities are taking steps that will make retirement for ex-public employees much harsher. Courts, politicans and corporations are all working together to chip away at deferred wages: reducing pensions or eliminating promised healthcare, or both. Said simply, they’re looting retirements and pushing people toward poverty.

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Retired union workers facing 'unprecedented' pension cuts

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Hundreds of thousands of retired union workers are facing pension cuts that could slash their monthly payments in half — or even more.

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Pilfering Your Pension [audio]

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PRC Executive Vice President and Policy Director Karen Friedman appeared on the Heartland Labor Forum to discuss the retirement income crisis and the threat of unprecedented cuts to earned pension benefits. Segment begins at approximately 35:00 in the program.

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This week’s other huge (but little-noticed) fight: Wall Street’s newest scheme

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While we're all distracted, a quiet battle this week could seriously affect your finances. Here's what's at stake

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

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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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The Search For Missing 401(k) Money

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There are tens of thousands of workers who are due lost 401(k) money, but there is no one central depository where you can look for what’s rightfully yours.

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Labor secretary's job might be new, but his plate is full

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Thomas Perez, the new secretary of labor, will have little time to make an immediate imprint on retirement issues as he inherits the already packed regulatory agenda of the Employee Benefits Security Administration, including a controversial new fiduciary rule.

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“Retail Investor Protection Act” Does Not Protect Investors: Coalition

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The controversial “Retail Investor Protection Act, recently introduced by Rep. Ann Wagner (R-MO), is gaining opposition from coalitions set on protecting investor interests.

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Do no harm: Protecting retirees in shaky pension plans

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We've all heard the physician's Hippocratic oath: "First, do no harm." But there's a similar, less-well-known principle in the world of pensions: First, do no harm to retirees.

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