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Pension laws

Union retirees battle for pension payouts, possible bailout: What's at stake?

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When you walk past the 45-story skyscraper on Cleveland's Public Square, look up and think of Walter Overstreet. There he was in the early 1980s, framing what was to become the Standard Oil of Ohio headquarters and was later known as the BP Tower -- the third tallest building in Cleveland -- and doing work that tries the muscles of most men.

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Teamster Retirees Win Surprise Victory, Force Government Not To Slash Their Pension

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In a stunning demonstration of the power of grassroots organizing, retired Teamster union members across the Midwest have forced the federal government to back down on plans to slash pensions on thousands of retired workers.

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Teamsters retirees get pension reprieve, but fund still short

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A leader in the fight to preserve pension benefits for hundreds of thousands of retired Teamster truck drivers and other workers took a victory lap of sorts in Columbus last week.

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Multiemployer Retiree Cutback Calculator

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Calculate your possible pension loss

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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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Employees Throwing Away Free Money?

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PRC Legal Director Rebecca Davis is interviewed on CNBC's "Closing Bell" about the barriers some people may experience when relying on 401(k) plans to save for retirement.

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Innovative Defined Benefit Plans Could Be Key to Retirement Security, Speakers Say

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Pension plans can play a key role in establishing retirement systems that reduce risk and provide lifetime income options for participants, speakers said Feb. 22 at a conference on innovative pension plan design.

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Workers fight switch to church pension plans

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The Employee Retirement Income Security Act, known as ERISA, regulates most private-sector pensions. But it has always exempted plans operated directly by churches for their clergy and employees to make it easier for the churches to operate their plans.

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Tax Reform Will Shape Pension Agenda; Significant Regulations Expected in 2012

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Congress will pass no major retirement plan legislation in 2012, but the tax treatment of employment-based retirement benefits almost certainly will be part of any tax code overhaul in 2013—for which ideas and positions will become cemented in 2012— according to practitioners interviewed by BNA.

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