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Traditional (defined benefit) pensions

Retirees brace for hardship as multi-employer pension cuts loom

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Of all the negative financial surprises that can hit in retirement, learning a "guaranteed" pension could be severely cut is among the worst.

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Is your adviser truly protecting your retirement?

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There’s a discussion going on that is vital to the retirement money you’ve worked so hard to save. The Labor Department, directed by the Obama administration, is proposing that more advisers, when giving retirement investment advice, put their clients’ best interests first.

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With union pensions in jeopardy, Ohio members plead with Congress and the feds

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Alex Adams lifted his shirt so the panelists and audience could see the bandages and feeding tube. "This is how I eat," he said in a halting voice. 

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Countdown to Cuts: Retirees Call on Policymakers to Stop the Clock on Cuts to Their Pensions

News Release

WASHINGTON – Hundreds of retired truck drivers and their spouses came to Washington, D.C., today to tell policymakers how proposed cuts to their pensions  More...

Retirees, experts testify at Multiemployer Pension Reform Act hearing

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Federal regulators charged with implementing the Multiemployer Pension Reform Act of 2014 heard from concerned retirees and pension experts Thursday during a hearing convened by the IRS.

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AIG freezes pension

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American International Group Inc. will freeze its defined benefit pension plan, effective January 1, 2016, according to an internal company memo obtained by the Wall Street Journal.

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IRS releases multiemployer benefit cut voting rules

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Procedures for allowing multiemployer plan participants to vote on benefit reductions in distressed plans were issued by the IRS on Wednesday.

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Can you afford to retire?

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Many Americans are facing the reality that they might not be able to retire in their 60s as planned. In 2014, President Obama and Congress passed the 2015 Omnibus spending bill, which includes provisions that allow trustees of certain multiemployment plans to cut retirees pensions - part of the Multiemployer Pension Reform Act of 2014.

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Companies that are offering lump-sum pension buyouts

Publication

Note: This list is updated on an ongoing basis.

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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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