Month: March 2018
New Efforts to Make Sure Pensions Are Paid
According to the investment management company TIAA, as of 2015, a full 30 percent of employees had abandoned a retirement account from a previous employer. The Government Accountability Office recently reported that from 2004 to 2013, more than 25 million employees left at least one retirement account behind.
Senate Lost and Found bill would help many retirees but would harm others
By Jane Smith Originally introduced in 2016 by Senators Elizabeth Warren (D–MA) and Steve Daines (R–MT), the Retirement Savings Lost and Found Act of 2016 (S. 3078) would have been a great help to the many retirees who are now searching for their earned retirement benefits. The Pension Rights Center wholeheartedly supported that bill. Unfortunately, […]
Joint Select Committee starts process to save multiemployer system
By Emily Gilbert Today I went to the first public meeting of the newly-formed Joint Select Committee on Solvency of Multiemployer Plans. Based on the comments of Committee members we are hopeful that they will put aside their differences and work in a bipartisan fashion to develop a fair and comprehensive solution to the multiemployer […]
With pension plan out of money, Diocese retirees worry
Employees of the Diocese of La Crosse, Wis., had faith that their pension plan would help them retire.
Lay employees lament Diocese of La Crosse’s decision to end their pension plan
At age 70, George Fugina was hoping to retire for good this year. After working for 31 years as head custodian for St. James the Greater Catholic Church and then picking up a part-time custodial job at the Eau Claire YMCA, Fugina was ready to take it easy and live off his pension, savings and […]
The Government Wants to Help You Find Your Missing 401(k)
As Americans worry about being able to afford retirement, billions in unclaimed retirement funds sit neglected in lost or forgotten accounts.
Sen. Sherrod Brown co-chairs committee to fix union pensions, but solution won’t be easy
Members of the Senate and House have been picked to try to preserve union retirees’ pensions without a raid on the federal Pension Benefit Guaranty Corp., and Ohio’s U.S. Sens. Sherrod Brown and Rob Portman are among them.
Portman added to pension committee
Sen. Rob Portman will join the joint committee tasked with solving a pension crisis, which has endangered the pensions of 60,000 Ohio workers and retirees.
Sherrod Brown to co-chair committee tackling pension crisis
Sen. Sherrod Brown will co-chair a bipartisan commission tasked with solving a pension crisis that put more than 60,000 Ohioans and 1.5 million workers and retirees’ pensions at risk.