Jump to Navigation
Jump to Content

PBGC limits/ guarantees

Is the Pension Benefit Guaranty Corp. worth propping up?

News Item

U.S. multiemployer pension plans disagree about the value of participating in the cash-strapped federal agency's insurace program.

More...

The Pension Accountability Act

Legislation

In the last days of 2014, Congress passed the Multiemployer Pension Reform Act of 2014 (MPRA) as part of a year-end budget compromise. As a result of MPRA’s enactment, for the first time in 40 years multiemployer pension plan trustees have been given the authority to cut already earned retiree pension benefits while a plan is still solvent.

More...

What is Recoupment?

Publication

Updated: July 2015


I received a letter from my pension plan stating that it has been overpaying me. The letter says that the plan is going to reduce my monthly payments and that I will also have to pay an additional amount to the plan. What can I do?

More...

Companies that are offering lump-sum pension buyouts

Publication

Note: This list is updated on an ongoing basis.

More...

Should you take your pension as a lump sum?

Publication

Updated: August 2015

Some companies have offered to cash out the pensions of certain retirees and former employees and instead give them a one-time lump-sum payment.

More...

Keep Our Pension Promises Act of 2015

Legislation

The Keep Our Pension Promises Act of 2015 repeals the “benefit suspension” provisions of the Multiemployer Pension Reform Act of 2014 (MPRA) enacted at the end of the last Congress.

More...

Summary of the pension cutback provisions in the Multiemployer Pension Reform Act of 2014

Legislation

In December 2014, Congress passed and President Obama signed into law the 2015 Omnibus spending bill, which included provisions of the Mult

More...

Got a pension? Act now to save it

News Item

If you were among the 15.7 million private-sector workers with a traditional defined benefit pension plan in the U.S. in 2012, now might be good time to stop counting your blessings.

More...

Big change to law on union pensions

News Item

A new law passed by Congress in December could affect more than one million union workers and retirees who are covered by union-sponsored multiemployer pension plans. The law, which is now in effect, allows the trustees of severely distressed pension plans to reduce benefits for current and future retirees — if doing so can save the plan from future insolvency.

More...

Congress punishes retirees for company lapses

News Item

When Congress passed the spending bill in December to keep the government running, a hidden provision in the act sent shivers of fear into the retirement industry. The provision allows underfunded multi-employer pension plans to reduce benefits for retirees so the government pension insurance fund won’t have to bail out the plans.

More...
print Syndicate content