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Hospital Workers’ Pension Plan On Life Support

Hospital Workers’ Pension Plan On Life Support

Rhode Island Public Radio: Hospital Workers’ Pension Plan On Life Support Listen here
Are you facing retiree pension cuts?

Facing retiree pension cuts?

Has your pension plan applied to cut retiree pensions?  Here's what you can do.
Pension Counseling & Information Program

Need legal help?

The Pension Counseling and Information Program can help with any retirement plan questions.  Get free legal help with pension problems.

Latest News

Teamsters pension plan warns thousands of beneficiaries that the checks may get smaller

The Western Pennsylvania Teamsters fund — which has about 48 cents for every $1 in benefits it owes to retirees and workers — notified participants in April that it is considering cutting benefits in order to insure that the fund doesn’t become insolvent.

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Hospital Workers’ Pension Plan On Life Support

Across the country, millions of employees have entrusted their retirement savings to unregulated pension plans known as church plans. Many of these plans are run by church-affiliated schools, nursing homes and hospitals.

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New York State Teamsters’ pensions to be slashed because of unfair law

Last week, the news came in that workers and retirees voted in favor of pension cuts by the New York State Teamsters Pension Fund.
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DuPont offers buyouts to 9,500 pensioners

DuPont quietly offered about 9,500 of its U.S.retirees a chance to exchange their pensions for a lump-sum buyout or small monthly annuity.

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Furniture workers pension cuts okayed despite majority no vote

Thousands of members of a pension fund for furniture workers will soon see their benefits cut, even though a large majority of those members voted against the cuts or didn’t vote at all.

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St. Joseph’s Pension Fund Bankruptcy Could Be Just One of Many in RI

Church pension plans controlled by the Diocese of Providence, like the bankrupt pension fund of St. Joseph Health services, may be in distress too - but no one knows and the Diocese of Providence will not respond to repeated requests for comments.

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8 states, 8 state-sponsored retirement plans

In fact, while 30 states are considering retirement plans for small business employees, eight states are already going ahead with plans to provide workers with a means to save for retirement that doesn’t depend on their employers.

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Federal Treasury Department approves potential Teamster pension cuts

The U.S. Treasury Department has approved a proposal for a 29 percent pension cut for members of a Teamsters unit based in upstate New York.

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Ready or not, here comes the conflict-of-interest rule!

The fiduciary rule, a new Department of Labor regulation that took partial effect on June 9, 2017, requires investment advisers to provide advice that is in the best interests of their clients. The implementation of this common-sense regulation, also known as the conflict-of-interest rule, is a big win for investors. More...

Another blow for heartland workers: Slashed pensions

February was a bad month for Larry Burruel and thousands of other retired Ohio iron workers. His monthly take-home pension was cut by more than half from $3,700 to $1,600.

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