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Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform

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Congress is nearing a vote on arguably the biggest change to private pension law in decades. The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law.

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Multiemployer Program Posts Record Deficit, Single-Employer Shortfall Shrinks, PBGC Says

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The deficit of the Pension Benefit Guaranty Corporation’s multiemployer plan program rocketed to an all-time high in fiscal year 2014 of $42.4 billion—more than five times its previous high in 2013— the agency said in its annual report.

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1 Million American Pension Plans Could Be Insolvent In 10 Years

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The federal agency that regulates the nation's pension system issued a stark warning this week about some retirement plans.

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Pension crisis looms

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First we had the fiscal cliff, then the highway cliff. Now get ready for the pension cliff.

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What to consider when your company offers a pension buyout

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The old rock of retirement income — the pension — is increasingly fading from the American economic landscape.

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Senators’ De-Risking Letter Adds Weight To Growing Issue, Concerns, Observers Say

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A recent letter sent by two Senate Democratic committee leaders asking several federal agencies to develop regulatory policy on de-risking pension plans adds some heft to the issue, but there are already some regulatory provisions in the law addressing their concerns, practitioners said.

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Facts About Multiemployer Pension Plan Funding

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This fact sheet explains funding issues in multiemployer pension plans and links to our on-line calculators, which you can use to gauge the impact that possible benefit cuts or the guarantee limits

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PBGC Proposal to Track De-Risking Plans Seen by Pension Rights Center as Good Step

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The Pension Benefit Guaranty Corporation’s recent request for comments on a proposal to require companies making pension risk-transfer offers to their employees to report such offers to the PBGC is aimed at helping the agency determine its future liabilities, but the information may also prove useful for the public, a spokeswoman for the Pension Rights Center told Bloomberg BNA.

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ERISA at 40

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The landmark legislation that promised security in retirement has fallen far short of its expectations

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