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Congressional Majority Agrees to Undermine Pensions

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Congress finally passed bills last week spending money on two things Republicans and Democrats had been saying for months they wanted to spend money on: keeping interest rates low on Stafford loans for college students, and building more transportation infrastructure. What held these policies up was a dispute over how to pay for them.

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Highway bill includes good news and bad news -- for pensions?

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Today, Congress passed H.R. 4348, Moving Ahead for Progress in the 21st Century Act, which, among other things, re-authorized funding for the nation's highways and extended the current low interest rate on student loans. Why is the Pension Rights Center following this bill?

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Feds offer AMR relief on pilots' pension standoff

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A proposed federal regulation would help American Airlines freeze the pension plan for its pilots instead of terminating the plan.

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GM pensions: Not all retirees, officials see offer as a 'win-win'

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General Motors Co.’s pension buyout offer to white-collar retirees isn’t necessarily the “win-win” situation executives made it out to be, according to some retirees and officials.

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GM's pension move is a lemon

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Last week, General Motors announced that it will offer 42,000 of its salaried retirees the opportunity to take their lifetime monthly pension benefits as a one-time lump-sum payment.

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Are GM-like pension offers a good deal?

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Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math.

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Olan Mills Inc. left pension $41 million shy

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Olan Mills Inc. was one of Chattanooga's biggest successes, going from a woodshed darkroom 80 years ago to a multimillion-dollar network that became the nation's largest family portrait company.

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Pension Authorities Sue Dewey Seeking Termination of Dewey Retirement Plans

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On Monday, in a new turn of events adding to the despair of Dewey & LeBoeuf employees, the Pension Benefit Guaranty Corp has filed a lawsuit against the firm in a federal court in Manhattan. The federally-owned U.S. government corporation is seeking a decree to terminate a big number of Dewey retirement plans.

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As Dewey Collapses, Partners and Retirees Face Big Financial Losses

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For the law partners at Dewey & LeBoeuf, losing their jobs may be the least of their worries. They are likely to lose the money they were required to invest in the firm. They could lose their pensions.

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Countering the Retirement Crisis

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To help counter the growing retirement crisis for today's workers, the Pension Benefit Guaranty Corp. has recently begun to spotlight its often-unnoticed mission "to encourage and preserve retirement plans of U.S. companies."

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