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Multiemployer plan

Multiemployer pension reforms allowing composite plans proposed

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Draft legislation allowing new multiemployer pension plan designs was unveiled Friday in a discussion draft released by House Education and the Workforce Committee Chairman John Kline, R-Minn.

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Guest Column: Pension fund of precipice of destruction

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Few people realize a pension crisis is looming. It’s the aftershock of the 2008 market collapse. Pension funds managed by unscrupulous Wall Street Banks held the worthless real estate investments that took the markets down further than most of us had previously seen in our lifetimes.

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Crowdfunding Emerging as Power to the People Pension Tool

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Crowdfunding is emerging as a creative and powerful tool that pension plan participants and retirees can use to independently investigate their plans.

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Multiemployer Pension Resubmits Rescue Plan to Treasury

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An Iron Workers local pension fund has withdrawn and resubmitted its application for benefit suspension approval from the Treasury Department, restarting the clock on the department’s review.

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Iron Workers retirees get temporary reprieve from pension cuts

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Retired iron workers in Northeast Ohio will get a short reprieve before their pensions could be cut.

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Teamsters are still looking at pennies on the dollar in retirement

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Teamsters in Minnesota and across the country may believe they caught a break when the U.S. Treasury Department stopped cuts in their retirement pay.

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Ironworkers union in Baltimore wants to cut pension benefits to save fund

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Now Henry finds himself out on a ledge again, but not by choice. Ironworkers Local 16, the union that represents Henry and more than 1,100 other retirees and workers in the Baltimore area, has asked the federal government for permission to cut pension benefits.

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LETTER TO THE EDITOR: Getting the facts wrong about pensions

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The June 21 editorial “The hard truth about pensions,” which looked at multi employer pension plans, had a couple of misguided assertions.

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Central States Pension Fund Rescue Not Panacea for All

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Many Central States pension fund retirees said they would be better off financially if the plan’s rescue proposal were rejected—even if the fund eventually went insolvent.

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Teamsters want local Congressional reps, Senators to protect their pensions

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A group of retired Teamsters demonstrated in front of the Leo O’Brien federal building in Albany Monday to draw attention to the threats to their pensions, as well as what looks like Congressional inaction. 

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