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Multiemployer plan

Now to save coal miners’ pensions

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The pension crisis threatens almost 120,000 miners and widows, including 9,000 in Kentucky, and will be thornier than health care to fix because it’s part of a wider problem.

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Union pension crisis threatens retirement funds

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John Raffiani's retirement didn't last long. Facing a steep cut in his Teamsters trucking pension, the 70-year-old Greene County man went back to work more than a year ago after a short time away from full-time labor.

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Tell Congress: Protect retiree pensions!

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For 40 years, one of the foundations of pension law was the principle that once a retiree started receiving benefits, those benefits couldn’t be taken away unless a plan ran out of money. A 2014 law changed that. The Multiemployer Pension Reform Act overturned 40 years of precedent and placed retirement in jeopardy for the 10 million workers covered by multiemployer pension plans.

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Retirees to Congress: Protect Our Pensions!

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Senator Bernie Sanders and Rep. Marcy Kaptur Reintroduce Bill to Save Retiree Pensions

WASHINGTON – The Pension Rights Center joins retirees, members of Congress and others in declaring today a Day of Action to call attention to the threats to the retirement security of millions of workers and retirees covered by the financially-troubled multiemployer pension plans.

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Pensioners Fight Back Against Cuts

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The Pension Rights Center's Karen Friedman discusses a new pension law that could negatively impact millions of retirees.

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Flurry of Pension Rescue Filings May Indicate Renewed Confidence

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Four more financially beleaguered multiemployer pension plans are testing the rescue application waters, seeking Treasury Department permission to cut benefits.

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20,000 Union Members, Retirees at Risk of Losing Pension Benefits

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"The guy who worked harder got hit the hardest," Wargo said. "If you could prove that it [the cuts] would keep the plan solvent for 100 some odd years I'd take it, but it's baloney. There are other ways this could have been mended instead of singling out a group of people."

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Teamsters get a reprieve from pension cuts

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Thousands of upstate retired Teamsters have dodged a potential pension cut, at least for now, thanks to a recent decision by the federal government.

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PBGC girds for pending union plan catastrophe

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Only one struggling multiemployer pension fund has landed on the doorstep of the Pension Benefit Guaranty Corp. so far after failing to win Treasury Department approval to reduce benefits, but the agency's dire financial condition has officials predicting painful cuts for more than 1 million multiemployer plan participants projected to need its help.

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Threatened pension cuts will test Trump ties to U.S. Rust Belt voters

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Karen Friedman has been traveling the country speaking at meetings of retired union members - and they are angry. What riles them is the prospect of deep cuts in promised pension benefits, and they are hoping for relief from President Donald Trump.

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