Retirement Archives - Page 2 of 4

Public employees file lawsuit to protect PERS retirement benefits

Aug 16, 2019

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

U.S. House passes Butch Lewis Act

Aug 1, 2019

The bill would give federal loans to union multi-employer pension plans to prevent their collapse.

U.S. House committee passes bill to rescue failing union pension plans

Jun 18, 2019

The Butch-Lewis Act would lend money to pension plans to give them a chance to recover.

PERS once again under attack

May 21, 2019

Top Democrats propose to cut public employee compensation and divert those resources to fund employer obligations to the pension system, but a coalition of public employee unions plans to fight the cuts in the Capitol and in the courts if need be.

To restore their pension, Plasterers reduce benefits

Jan 15, 2019

The 2008 financial crisis is still claiming new victims.

Congress delays report on union pension fix

Dec 4, 2018

The Joint Select Committee on Solvency of Multiemployer Pension Plans was supposed to vote on a solution to the looming crisis in union-sponsored pensions by the end of November.

Despite lopsided ‘no’ vote, Western States OPEIU cuts retiree benefits to halt slide to insolvency

Oct 4, 2018

As of Oct. 1, pension benefits were cut as much as 30 percent for retired members of Office and Professional Employees International Union in the Western United States.

OPEIU members are voting on whether to cut their own pension – to halt insolvency

Aug 22, 2018

Without a cut of up to 30 percent of benefits, the pension fund is headed for collapse in 18 years.

Western States OPEIU Pension moves to cut benefits

Jun 12, 2018

Without a 30% pension cut, the fund will be insolvent in 18 years.

Pension crisis sparks reform debate

May 17, 2018

Over a million union members are in pension funds that are headed for insolvency. Here’s how Congress created the crisis.