Social Security. Defined benefit pensions. Increasingly, secure and dignified retirement is the difference between union and non-union employment.
But workers, and even the pension plan, could come out ahead.
Five states, including Oregon, are setting up low-fee retirement accounts for workers without any employer-sponsored plan.
Some in the Oregon Legislature want to divert current employee contributions to make up for the system’s investment losses.
State-sponsored retirement savings plans in Oregon and four other states are about to help millions of Americans save for retirement. Republicans in Congress are trying to stop them.
The proposed benefit cuts of 29 percent are supposed to save a pension plan that would otherwise run out of money in 2035.
The proposed pension cuts to 300,000 retirees are unfair and confusing — and not deep enough to prevent insolvency.
Severely distressed union pension plans may soon start cutting benefits for existing retirees.
A contract is a contract, the court says in a unanimous decision.
Pensioners could share the pain under a new law that lets trustees cut benefits to make plans solvent
Told no bailout would be coming, trustees asked for the right to trim benefits to save the fund