Pensions & Benefits


Related Articles

That solid pension benefit? It may be subject to change

Len Boselovic Pittsburgh Post Gazette December 29, 2014 View the original piece Some troubled pension plans now have the authority to drastically reduce the benefits of current and future retirees — something that hasn’t happened since Congress passed legislation protecting retirement benefits 40 years ago. The power was included in the last-minute, $1.1 trillion budget compromise signed by President Barack Obama on Dec. 16. Click here to read more at the Pittsburgh Post Gazette.

Union Retirees: Don't Cut My Pension

Melanie Hicken CNN Money December 22, 2014 View the original piece More than a million current and retired truck drivers, construction workers and other union employees could see their pension benefits cut now that Congress has passed a controversial new measure. By allowing the plans to cut benefits now, lawmakers say it will help keep around 150 pension funds from running out of money. But retirees aren't exactly seeing it that way. Many gave up...

New law lets some pension plans cut promised benefits

Michelle Singletary The Washington Post December 19, 2014 View the original piece For some retirees, Congress has played the Grinch this holiday season. Tucked into the federal spending bill were provisions that will allow certain struggling multi-employer pension plans to reduce benefits already being received by retirees. Click here to read more at The Washington Post.

A devastating blow to retirees

MSNBC December 19, 2014 View the original piece America "survived" the government shutdown, sacrificing the benefits and pensions for millions of retirees. Ed Schultz gives an impassioned response to the new budget. Sen. Bernie Sanders and Rep. Tony Cardenas join the conversation. Click here to see the video.

Brief Summary of Pension Legislation

Segal Consulting December 16, 2014 View the original piece Click here to read a brief summary of the Multiemployer Pension Reform passed by Congress expected to become law.
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