PRC In the News
01/13/17|Pension & Benefits Reporter

Six Items on High Court’s Labor Docket Include Church-Plan ERISA Exemption Cases

The Supreme Court will hear three cases asking whether large hospitals and other non-church employers can use the exemption to avoid fully funding their pension plans.

PRC In the News
01/11/17|Pension & Benefits Daily

Puerto Rico Catholic School Teachers Win Round in Pension Suit

Puerto Rico Catholic school teachers survived a first attempt to dismiss a proposed class action that alleges the administrators of their pension plan mismanaged their retirement assets and failed to comply with ERISA.

PRC In the News
01/11/17|Albany Times Union

Employees of former St. Clare’s Hospital face pension insolvency

A pension fund for employees of the former St. Clare’s Hospital in Schenectady is likely to run out of money in the next decade, leaving more than 1,100 beneficiaries uncertain about their retirement income.

PRC In the News
01/11/17|Forbes

Failing Multi-Employer Pension ‘Rehabilitation Plans’ Don’t Address Mismanagement of Investments

According to the Pension Rights Center, there are more than 10 million workers and retirees in 1,400 multi-employer plans. Approximately 150 to 200 of these plans are projected to run out of money within the next 20 years.

PRC In the News
01/06/17|Pension & Benefits Reporter

Iron Worker Retirees Face Stacked Deck in Vote to Cut Pensions

Nearly 2,000 Iron Workers in the Cleveland area will be voting by Jan. 20 to accept or reject cuts to their pensions, and the vote could pit active employees against retirees.

PRC In the News
01/05/17|Mic.com

Donald Trump collected a massive $168,000 union pension. Will he fight for yours?

Now that Trump is about to be president, the most important question is: What is Trump’s plan to save the system that is designed to protect millions of union pensions like his own?

Comments & Letters
01/05/17

Comments to U.S. Department of Labor on the Proposed Revision of Annual Information Reports (December 5, 2016)

The Pension Rights Center submitted comments to the U.S. Department of Labor on its proposed revisions to the Form 5500, the form retirement plans use to report data to the federal government. The Center’s comments include recommendations that the Form 5500: Add questions concerning the default features of individual account plans; Clarify the definition of “active […]

Comments & Letters
01/05/17

Comments to the U.S. Treasury Department on the New York State Teamsters Conference Pension and Retirement Fund’s application to cut retiree benefits (December 21, 2016)

The Pension Rights Center submitted comments to the U.S. Treasury Department on the New York State Teamsters Conference Pension and Retirement Fund’s application to cut retiree benefits under the Multiemployer Pension Reform Act of 2016. In its comments, the Center urges the Treasury Department to reject the application because: The application fails to demonstrate that […]

PRC In the News
01/04/17|Pensions & Investments

Cleveland union becomes first for MPRA acceptance

The first multiemployer pension plan to win approval to reduce benefits offers lessons for other struggling plans facing insolvency.

PRC In the News
01/04/17|The Washington Post

Retired iron workers could face pension cuts next month

Larry Burruel is starting the new year with a grim reality: His monthly pension check could be cut in half at the end of the month.

PRC In the News
01/03/17|The New York Times

New York’s Teamsters May Have Their Pensions Cut. What Went Wrong?

As troubled pension funds go, the New York State Teamsters Conference Pension and Retirement Fund, with some $1.3 billion in assets, is by no means the largest. Neither is it in the direst financial shape, even though just 44.8 percent of its obligations are funded.