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Traditional (defined benefit) pensions

Why Pensions Are Important

Publication

This fact sheet explains the role pensions play in the overall retirement security of American workers, retirees, and their families.

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Don’t lose your retirement plan when you move!

Blog entry

A few weeks ago, the Pension Rights center moved to a new office. We’ve had to update our mailing address with the post office, vendors, people on our email list and just about anyone you can think of.

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Teamster Retirees Demand Trustees 'Stop the Rush' to Slash Pensions in Half

News Item

They thought their pensions were secure—but now they’re fighting to keep them. Retired and active Teamsters in 25 states from Florida to Minnesota received notice this fall that their pensions could be cut by as much as 60 percent, beginning July 1.

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14,800 Minnesotans face deep cuts to their pensions

News Item

Ken Petersen spent 30 years as a Teamster trucker, loading and hauling utility poles, fertilizer and other freight. All those years his employers socked money away for the monthly pension check Petersen has received since he retired from trucking in 2003.

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Independence rally draws pension rights advocate Karen Friedman

News Item

Pension rights advocate Karen Friedman will address area retirees facing huge cuts to their pensions at a rally Thursday in Independence.

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Proposal to slash Teamsters' pension benefits to be discussed tonight

News Item

Facing cuts in their promised pensions of 30%, 50% and even more, retired Teamsters on Wednesday evening blasted the "rescue plan" that the Central States Pension Fund says it needs to save it from going broke.

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This is what we do: help people

Blog entry

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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Why Retirees Are Losing Their Pensions (AUDIO)

News Item

You didn't read wrong. Retirees, after working for 30 years or more, will lose up to 70% of their pensions. These are some of our neighbors & friends. As a result of Congress' 2015 omnibus spending bill, the pensions of up to 400,000 Americans, many of whom spent lifetimes working here, will see their pensions evicerated.

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Teamsters Local 371 organizes to protest pension cuts

News Item

Fred Lowry, a truck driver for 57 years, is facing a cut of $10,000 a year from his $33,600 annual pension unless federal action is taken on a controversial pension restructuring plan.

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Retiree benefits are facing many threats

News Item

Retirees face a less secure future due to decisions soon to come from the U.S. Supreme Court, due to changes to Social Security and Medicare, and due to the enactment of the Kline-Miller Multiemployer Pension Reform Act. They deserve full disclosure and the truth.

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