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Multiemployer plan

Union and retiree pressure mounting against multiemployer pension fund reform

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At a hearing held Tuesday by the House Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions to consider possible legislation, members of the Retirement Security Review Commission discussed their reform proposals, which would allow for reduced benefits for future and possibly current retirees in the most troubled pension funds.

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Pension Rights Center Stands with Pensioners against Proposed Cuts

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WASHINGTON – The Pension Rights Center released a statement today cautioning Congress against supporting a proposal that “endorses the unprecedented and dangerous step of empowering pension plan trustees … to slash benefits of men and women who are alre

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Stealth Bill Would Allow Cuts to Current Pensions

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If there was a bright side to the government shutdown, it’s that Congress has delayed taking up a little-publicized bill that would leave some pensioners high and dry.

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The War on Pensions Goes Federal

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Congress is expected to take up legislation in the next month that would fundamentally reshape the laws governing multi-employer plans. A soon-to-be-introduced bill could allow the trustees of some financially troubled plans, like the Central States Fund, to slash benefits already promised to current retirees. It’s not yet clear how big those cuts would be.

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Retirees Face Cuts in Pension Benefits

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As multiemployer pension plans try to deal with their financial struggles, the benefits of current retirees are in the crosshairs.

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Teamsters pension plan stuck in crisis

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The plight of the Teamsters’ Central States, Southeast & Southwest Pension Plan has been in the news lately and its prospects are not good.

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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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House panel hears multiemployer pension reform ideas

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Rep. Phil Roe, R-Tenn., called for “broad, structural changes” in the multiemployer pension system at a hearing Wednesday of the House Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions.

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Former Lawmaker Sees Hope in Congress For Multiemployer Plan Recommendations

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Greater congressional interest in retirement policy in recent years could help a proposal that would shore up the multiemployer retirement plan system get adopted into law, former Rep. Earl Pomeroy (D-N.D.) said May 2.

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Union-Employer Proposal Would Hit Some Retirees

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A coalition of unions and employers is proposing changes to the federal law that governs the pension plans of about 10 million people, including reducing benefits paid to retirees, the first time in four decades that such cuts would be allowed.

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