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Pension Benefit Guaranty Corporation

Retirement

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 rescue 

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

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

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.

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