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Company pension plans are healthier, but they're still dying

News Item

This should be good news: At a time when worry about the retirement security of American workers is rising, traditional pension plans finished 2013 in their best shape last year since the financial crisis of 2008. Yet that may only be setting the table for more corporations to stop offering them.

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How to Monitor Your Pension's Health

News Item

You paid into a pension system. It will pay out for you ... right? Maybe. As illustrated by Detroit's municipal bankruptcy and the threatened implosion of its pension plans, not to mention routine corporate bankruptcies, pensions can't be taken for granted.

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House Approves Budget Agreement That Includes Hikes in PBGC Premiums

News Item

Defined benefit plan pension insurance premiums would be increased by Congress for the second time in less than two years under a new budget compromise reached by the heads of the House and Senate Budget committees, with the premium provisions projected to cut federal spending by nearly $8 billion over 10 years. [PDF]

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What to do if your pension is frozen

News Item

If you are among the few who still have a traditional defined-benefit pension plan we wish you luck. In the coming months your employer—as part of an effort to “de-risk” the plan—is likely going to offer you a lump-sum payout, an annuity, or freeze the plan.

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ERISA at 40 – The past puts pension law in perspective

Blog entry

The Employee Retirement Income Security Act (“ERISA”), the law governing private retirement plans, has changed quite a bit since it was signed into law in 1974. There have been numerous amendments, court cases, regulatory actions and other developments.

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Pension Rights Center Stands with Pensioners against Proposed Cuts

News Release

WASHINGTON – The Pension Rights Center released a statement today cautioning Congress against supporting a proposal that “endorses the unprecedented and dangerous step of empowering pension plan trustees … to slash benefits of men and women who are alre

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Law shields churches, leaves pensions unprotected

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Pension shortfalls at some religiously affiliated hospitals, businesses and social service agencies are raising new alarms and spotlighting a largely overlooked gap in the law protecting Americans' retirement benefits.

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Gotbaum Tells Council Lump-Sum Cash-Outs Are Like Cigarettes: Legal but Bad for You

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Joshua Gotbaum, director of the Pension Benefit Guaranty Corporation, told the ERISA Advisory Council Aug. 29 that pension plan lump-sum cashouts to retirees are like cigarettes: They are legal, many people like them and they are bad for you.

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Saint Peter's retirees concerned with IRS ruling on pensions

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Saint Peter's University Hospital employees and retirees recently were notified that the Internal Revenue Service had issued a private letter ruling saying that their pension plan is a “church plan.”

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IRS says St. Peter’s Heathcare System is a ‘church plan’

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Employees and retirees of New Jersey’s St. Peter’s Healthcare System have received notice from the IRS informing them their pension plan was now considered a “church plan.”

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