Retirement Archives - nwLaborPress

The Central States pension, which covers 357,056 workers and surviving spouses, will receive $35.8 billion in “special financial assistance.”

Local plasterers and members of OPEIU Local 11 have reason to rejoice after final rules for the Pension Benefit Guaranty Fund were announced.

A new book aims to explain retirement plans to union leaders. It began with what the author calls the worst financial mistake of his life.

Pension plans that cut retiree benefits to restore solvency would face the toughest dilemma under the pension rescue rules announced July 9.

In the Portland area, Plasterers Local 82 and OPEIU Local 11 could undo pension benefit cuts almost immediately.

The just-passed COVID relief bill will rescue and restore over 100 declining union pension plans.

Congress’ latest COVID relief bill would also shore up declining union-sponsored multi-employer pensions and restore pension benefits.

The Oregon Supreme Court say lawmakers can cut benefits going forward, just not benefits employees have already earned.

Republicans wanted deeper cuts, Oregon’s House Speaker Tina Kotek and fellow Portland House Democrat Rob Nosse told public sector union members.

Plaintiffs say SB 1049 is a breach of contract, an illegal taking, and violates the Constitution.