Month: September 2019
Scorecard: College Retirement Plan Litigation Three Years Later
Washington University in St. Louis and a group of workers who say they got a bad deal from the school’s retirement plan will argue their case today before the Eighth Circuit.
“Overfunded Plans Can Face ERISA Suits, Feds Tell High Court”
The Employee Retirement Income Security Act allows for claims against pension plans that are overfunded, the federal government told the U.S. Supreme Court, weighing in on a battle between U.S. Bank and retirees looking to revive their suit against a plan that’s now in the black.
U.S. Weighs In on Supreme Court Consideration of Pension Case
The U.S. Solicitor General and the Pension Rights Center have filed briefs of Amicus Curiae with the Supreme Court in Thole v. U.S. Bank, a pension-focused case arising under the Employee Retirement Income Security Act (ERISA).
Pension crisis could be looming for at least a million retirees of religious organizations
For Catholic-affiliated organizations alone, about 1 million pensioners are now estimated to be at risk of having reduced or zero pension benefits due to a federal law that exempts religious organizations from providing regulated and guaranteed pensions.
St. Clare’s retirees take action to protect their pensions
By Kyle Garrett As the Pension Rights Center’s Operations and Referrals Manager, I hear from thousands of individuals each year. Over the past decade, many of these calls and e-mails have come from people who worked for religiously affiliated hospitals, schools, and social services agencies. These individuals – former orderlies, executives, nurses, social workers, and […]
Your pension plan benefits may not be as ironclad as you think
If you’re fortunate enough to have a pension, there’s a certain relief you may feel that no matter what, when you retire, you’ll get a set amount of money every month for the rest of your life.
U.K. companies are required to enroll workers in retirement plans — and it’s helping them save more
Saving for retirement in the United Kingdom has become a given.
Multiemployer pension plans need saving
I have frequently written of the potential difficulties facing those preparing for retirement who do not have the advantage of a defined-benefit pension. Today I’d like to address a different crisis: the potential insolvency of pension funds that cover millions of people who have lived, worked and planned their retirement on the assumption that their […]
Op-Ed: Social Security isn’t in crisis. It just needs a tune-up
Eighty-four years ago Wednesday, President Franklin D. Roosevelt signed Social Security into law. He advised future generations to continue building on the program’s foundation, which he explained “represents a cornerstone in a structure which is being built but is by no means complete.”
Retired Teamsters wait for Congress to act on wobbly pension fund
Roger Spencer uses part of his pension check from the failing Central States Pension Fund to buy a lifesaving cancer drug that costs $500 a month.
Companies are racing to dump their pension plans
The younger you are, the less retirement security you’re likely to have, as employers accelerate efforts to shed costly pensions and replace them with alternatives that make workers shoulder more of the risk and responsibility.
U.S. House passes Butch Lewis Act
The U.S. House of Representatives passed HR 397 July 24 on a bipartisan vote of 264-169. All 235 House Democrats voted for the bill, as did 29 Republicans. The bill now moves to the Senate, where it faces a difficult road.