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Multiemployer plan

Leaders Schumer and Pelosi make pension bill a top priority

Blog entry

I was so glad to be able to accompany Karen Friedman, PRC’s EVP to a media event on Capitol Hill in support of the Butch Lewis Act of 2017. I started as an intern with PRC just 4 months ago and I’m so excited to be able to be part of a process that could lead to comprehensive legislation being passed to help a million or more retirees have their pension protected.

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Tell Congress: Protect retirees and support the Butch Lewis Act of 2017

Action

Write to your members of Congress and tell them to support S. 2147, the Butch Lewis Act of 2017 introduced by Senator Sherrod Brown (D-OH), and H.R. 4444, the Rehabilitation for Multiemployer Pensions Act introduced by Representative Richard Neal (D-MA).

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New Multiemployer Bill Introduced at Amazing Media Event

Blog entry

Yesterday was the day we have all been waiting for, the culmination of more than three years of hard work by hundreds of thousands of retirees and their many advocates and supporters.

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

News Release

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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Machinists pension latest to get treasury nod to cut benefits

News Item

The Treasury Department approved a reduction in pension benefits for 1,134 members of the International Association of Machinists Motor City Pension Plan.

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Wisconsin Fights for its Retired Workers

News Item

Kenneth Stribling retired from the trucking industry after more than 30 years of service. In the years since, however, the 65-year-old Teamster has been working overtime to fight for the retirement he was promised.

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Teamsters pension plan warns thousands of beneficiaries that the checks may get smaller

News Item

The Western Pennsylvania Teamsters fund — which has about 48 cents for every $1 in benefits it owes to retirees and workers — notified participants in April that it is considering cutting benefits in order to insure that the fund doesn’t become insolvent.

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New York State Teamsters’ pensions to be slashed because of unfair law

Blog entry

Last week, the news came in that workers and retirees voted in favor of pension cuts by the New York State Teamsters Pension Fund.

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Furniture workers pension cuts okayed despite majority no vote

News Item

Thousands of members of a pension fund for furniture workers will soon see their benefits cut, even though a large majority of those members voted against the cuts or didn’t vote at all.

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Treasury Department Gives Thumbs Up to Second Pension Rescue

News Item

A pension fund in Nashville is now the second plan covering unionized workers to receive Treasury Department approval to cut members’ benefits.

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