New Budget Deal Has Implications for Corporate Pensions
The U.S. House of Representatives passed a two-year budget deal on Wednesday, and if the bill becomes law, it has implications for corporate pensions.
The deal levies higher fees on ...
Another Chicago Pension Law Goes to Court
An Illinois union and several workers last week filed a lawsuit challenging the legality of a 2014 pension law that altered benefits for Chicago Park District employees.
The 2014 law ...
Teamsters’ Pension Fund Warns 400,000 Members of Benefit Cuts
The Teamsters’ Central States Pension Fund sent out a letter to its members this week, warning them that their benefits are going to be cut as the fund looks to remain solvent.
Such ...
Chuck Reed Reworks, Re-Releases California Pension Ballot Measures Aiming to Curb Benefits
After the first iteration failed to generate much funding or support, former San Diego Mayor Chuck Reed reworked his benefit-cutting ballot measure and released the updated measures ...
Judge Rejects Appeal From Detroit Retirees; Pension Cuts Remain In-Tact
A federal judge on Thursday denied an appeal brought by Detroit pensioners, who sought a rollback of the pension cuts levied on retirees during the city’s bankruptcy proceedings.
At ...
Congress Unveils Deal to Overhaul Military Retirement System
The months-long debate over how to overhaul the U.S. military retirement system may be reaching its conclusion.
Congress on Tuesday unveiled a bill to act on Pentagon-endorsed recommendations ...
Congressional Leaders Ask FDA About Coumadin Safety Following Nursing Home Deaths
The bipartisan leadership of the House Energy and Commerce Committee is asking the Food and Drug Administration how it monitors the safety of the popular blood thinner Coumadin, particularly ...
Leading Retirement Think Tank Changes Tone on 401k(s)
Research conducted by the Center for Retirement Research at Boston College has traditionally suggested that the trend of shifting from defined benefit plans to defined contribution ...
Pennsylvania Gov. Wolf Proposes Pension Overhaul Amid Budget Impasse
Pennsylvania has now gone two months without a budget, and the end of the impasse isn’t in sight.
In an attempt to jump-start negotiations, Democratic Gov. Tom Wolf on Thursday proposed ...
Chart: Retirement Income By Source – In 1975 and 2013
Here’s a chart that shows the percentage of a retiree’s income stream that comes from various sources. More people are drawing pensions today than they were 40 years ago ...