Archive for the ‘ Pension Benefit Guaranty Corporation ’ Category

LATimes: Congress poised to allow cuts to private pension payouts

  • Written by Administrator
  • Posted December 12, 2014 at 8:26 am

U.S. Capitol

Congressional action could mean that more than 1 million Americans could see part of their monthly pension checks evaporate.

By Evan Halper
December 11, 2014

More than 1 million Americans who were promised secure, predictable retirement income probably will see part of their monthly benefit checks evaporate as Congress moves to stabilize some private pension systems veering toward insolvency.

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Filed under: Democrats, Finance, In the News, Pension Benefit Guaranty Corporation, Pension Funds, Pensions, Republicans, U.S. Government, U.S. House of Representatives, U.S. Senate, Unions

NationalJournal: Labor Unions Accuse Congress of Sneak Attack on Pensions in Lame Duck

  • Written by Administrator
  • Posted December 9, 2014 at 9:05 am

National Journal

By Billy House
December 8, 2014

As lawmakers pressed Monday to finalize the legislative language of a must-pass omnibus spending bill, labor unions and retiree groups were mobilizing to defeat what they are characterizing as a lame-duck sneak attack on the pensions of some already-retired workers.

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Filed under: In the News, Pension Benefit Guaranty Corporation, Pension Funds, Pensions, U.S. Government, U.S. House of Representatives