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A new law would require employees to save for retirement

03/17/2021 | MarketWatch

Auto-enrollment may be just what Americans need to save more for retirement — but perhaps only if the government makes it a requirement. 

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No One Else Was Going To, So These Teamsters Saved Their Own Pensions

03/17/2021 | Labor Notes

“When Don first got his letter saying his pension was going to be cut 52 percent, it was one of those moments like when President Kennedy was killed and 9/11,” said Dana Vargo, spouse of a retired Teamster. “You remember exactly where you were.”

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How the American Rescue Plan Act Will Help More Than a Million Retirees and Workers

03/12/2021 | PBS Next Avenue

Good news on the retirement-income front. Some 1.5 million workers and retirees faced the real risk that their pension incomes would be slashed over the next 20 years or significantly sooner. But the American Rescue Plan Act just signed by President Joe Biden will prevent that from happening.

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New Stimulus Package Includes Help for DB Plan Sponsors

03/11/2021 | Plan Advisor

The American Rescue Plan Act (ARPA)—the $1.9 trillion coronavirus relief bill recently passed by Congress and signed by President Joe Biden on Thursday—includes provisions that will help both single-employer defined benefit (DB) plans and multiemployer plans.

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Congress uses $1.9 trillion relief plan to rescue multiemployer pension plans

03/10/2021 | The Columbus Dispatch

It looks like Congress has finally come to the rescue of troubled pension plans that provide benefits to more than 1 million truck drivers, grocery store workers, construction workers and other union jobs.

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The COVID relief bill could help put an end to another dire crisis

03/05/2021 | Raw Story

After years of failed attempts to bolster struggling multi-employer pension funds, help finally may be coming through via the Democrats' $1.9 trillion Covid relief bill. 

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$81.2B Rescue For Union Pensions Greenlit For COVID-19 Bill

03/02/2021 | Law360

A Senate official has confirmed that Congress can include a fix for the $81.2 billion union pension funding crisis in its coronavirus relief bill, which is moving through Congress via a special fast-tracked process reserved for budget-related legislation.

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COVID-19 Relief Bill Could Rescue Union Retirees' Pensions

02/23/2021 | Law360

The COVID-19 pandemic relief legislation set for a vote this week in the House contains a provision to save struggling union pension plans that experts say has a good shot at passing, forecasting a possible end to a $65 billion funding crisis that threatens one million retirees' pensions.

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Why We Need a New Approach to Retirement Income Planning

02/19/2021 | The Street

If you are feeling nervous about funding your retirement, you’re not alone. A survey of more than 3,200 baby boomers by financial firm Allianz found that more than 6 in 10 baby boomers feared running out of money before they died more than death itself. The reason for this anxiety is that retirement has changed significantly over the past decades.

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Pension Solvency Relief Gets Fresh Shot in Democratic Congress

01/19/2021 | Bloomberg Law

Saving underfunded pension plans from bankruptcy has a better chance of coming to fruition now that Democrats control both the White House and Congress.

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