Retirement

Trump DOL moves to allow crypto in 401(k)s

Up to now, federal regulation has largely kept the riskiest kinds of investments out of your 401(k). That could be about to change. 

Social Security deadline nears

The trust fund is set to be depleted by late 2032, but don’t let anyone tell you that means Social Security won’t be around when you need it.

Packed turnout as IBEW Local 48 re-launches its retirees group

After a decade hiatus, retirees flock back to the hall to revive the club and contribute ideas for trips, service, and fellowship.

Local 290 offers estate planning benefit

The union has partnered with Trust & Will, an online service for creating estate planning tools.

Missed connections

Decades into retirement, transit workers keep in touch with former coworkers thanks to their union, ATU Local 757.

Trump administration says crypto is fine as a pension investment

Cryptocurrency has no inherent value and generates no income. That’s why in 2022 DOL advised retirement plans against considering it.

Federal pension rescue is expected to help 2 million union members

The Biden administration rescued pension funds headed toward insolvency, preventing two million union members from losing benefits.

Congress restores Social Security to public workers

Thanks to end-of-session action by Congress, about 2.5 million local, state, and federal employees will have benefits restored.

AFSCME gets $5 million to seed retirement accounts for about 1,100 child care providers

The funds are deposited in OregonSaves, a state-sponsored retirement account for workers who don’t otherwise have a retirement plan.

RECIPE FOR HEALTH: Cook your own food

A Portland-based chef educator leads a cooking class for Local 290’s retirees wellness program. She says healthy eating starts with tastiness.

Teamsters Central States pension gets federal rescue

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

White House fixes union pension rescue program

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

There’s something you need to know about retirement …

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.

Union group warns of serious flaws in federal pension rescue program

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

U.S. government launches pension rescue 

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

How the COVID relief bill saves union pensions

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

COVID relief bill could save distressed union pensions

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

Oregon Supreme Court upholds PERS cuts

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

Oregon Democrats meet with public workers whose retirement contributions they voted to cut

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

Public employees file lawsuit to protect PERS retirement benefits

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