Northwest Labor Press is an independent union-supported newspaper founded in 1900. Our print version is mailed twice a month to about 45,000 members of over three dozen local unions in Oregon and Southwest Washington. Our online version has been maintained here since 1997.
Tag:
Pension Benefit Guaranty Corporation
National
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.
Retirement
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.
Retirement
U.S. government launches pension rescueÂ
In the Portland area, Plasterers Local 82 and OPEIU Local 11 could undo pension benefit cuts almost immediately.
National
How the COVID relief bill saves union pensions
The just-passed COVID relief bill will rescue and restore over 100 declining union pension plans.
Retirement
U.S. House committee passes bill to rescue failing union pension plans
The Butch-Lewis Act would lend money to pension plans to give them a chance to recover.
Retirement
To restore their pension, Plasterers reduce benefits
The 2008 financial crisis is still claiming new victims.
National
Trump labor bureau appointments: Still vacant
At the Labor Department, half the top jobs remain unfilled.
Retirement
Congress delays report on union pension fix
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.
Retirement
Congress looks at failing multi-employer pensions
One solution, favored by many Democrats, is to have the Treasury step in to help.
Retirement
Treasury rejects Teamster pension cuts
The proposed pension cuts to 300,000 retirees are unfair and confusing — and not deep enough to prevent insolvency.
Retirement
PBGC readies rules to cut retiree pension benefits
Severely distressed union pension plans may soon start cutting benefits for existing retirees.
Retirement
Big change to law on union pensions
Pensioners could share the pain under a new law that lets trustees cut benefits to make plans solvent
Retirement
Congress passes major change to law on union pensions
Told no bailout would be coming, trustees asked for the right to trim benefits to save the fund
Retirement
Congress to weigh letting union pension plans cut benefits to remain solvent
Wall Street losses are putting pension plans — and union construction firms — at risk
Retirement
Unions ask Congress to let distressed pensions trim retiree benefits
10 million workers are covered by multiemployer pensions, but at least half are in serious trouble
