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Pension counseling

Triangle Wire pension fight resolved for 14 former employees

News Item

Former employees of Triangle Wire & Cable Co. are finally receiving lost pensions and benefits after more than a year of negotiations. The Boston-based advocacy group New England Pension Assistance Project, represented the former employees. 

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This is what we do: help people

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My colleague Kyle often brings to my attention news articles that might merit a response from us. Sometimes the article contains a factual error. Sometimes we disagree with a statement in the article and write an opposing view in a letter to the editor. Sometimes we have additional information to add. 

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Counseling Projects

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The U.S. Administration on Aging's Pension Counseling and Information Program currently serves 30 states. Free legal assistance is available to individuals experiencing a problem with their pension, profit sharing or retirement savings plans.

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Legislation can keep pension plans funded (letter to the editor)

News Item

The first domino has fallen. In the waning moments of Congress last December, a bill was passed allowing multiemployer pension funds to cut the long-promised pension benefits of retirees.

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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?

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Pensioners Fight Back When Fund Demands Overpayments Be Returned

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You retire assuming the pension you were told you’ll get is correct. But imagine being told you were overpaid by your pension fund and now you have to pay back tens of thousands of dollars.

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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.

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Conn. Passes Protection for Transferred Pension Assets

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Connecticut Governor Dannel Malloy signed Public Act 15-167 into law, bringing additional protections to retirees’ assets from creditor claims.

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Upper Midwest Pension Rights Project finds "lost" pension plan

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There are many details to keep track of when companies are bought or sold, and sometimes a company's pension plan can fall through the cracks. The company Jack* was employed by for more than 20 years was sold and later spun off into an independent entity. Jack had kept track of the company so he knew where to go when it is was time for him to claim his pension.

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As Pension Recoupment Grows, Advocates For Pensioners Offer Advice to Agencies

News Item

Pension plans have been ratcheting up demands that retirees reimburse them for benefit overpayments, and a lack of government guidance has pushed those efforts even further, advocates for pensioners told Bloomberg BNA.

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