• Editorial: Will senators finally face up to the hard truth about pensions?
    Jun 21, 2016  - Any politician can make a career promising tax cuts, pay increases or other goodies — and many do. It takes leadership, however, to address realistically situations with no pleasing solutions. Just such a situation is presented by the large and growing funding shortfalls of multi-employer pension f... More
  • There's no 'tooth fairy' for pension fund bailout
    May 18, 2016  - Minnesota Republican Rep. John Kline and former California Rep. George Miller, a Democrat, knew there’d be blowback as architects of a controversial 2014 reform allowing failing pension funds to cut accrued benefits. To their credit, the duo plowed forward with the legislation anyway, recognizing t... More
  • Treasury's Teamsters Bailout Ploy
    May 16, 2016  - "In sum, the Obama Administration is flouting a law that President Obama signed in a way that jeopardizes worker pensions while dumping the problem on taxpayers." Congress passed legislation in 2014 to help insolvent multi-employer pension plans save themselves. But now the Obama Administration and... More
  • ICYMI: Protecting Retirement. A Quick Guide to a Bipartisan Victory
    Dec 23, 2014  - “Bipartisan” has largely become a phase used to describe ancient history. Yet the Republicans and Democrats on the House Committee on Education & the Workforce just negotiated complex compromise legislation that affects the basic rights of retirees—and last week it became law as part of the Cromnibu... More
  • ICYMI: Pension Reform Benefits Businesses, Workers and Retirees
    Dec 19, 2014  - There are nearly 11 million workers and retirees across America, including more than 165,000 Minnesotans, who rely on the little known but economically vital multiemployer pension system. Nationwide, this system has an economic impact of approximately $38 billion — with more than $375 million in be... More
  • What They're Saying: Business and Union Leaders Support Bipartisan Agreement to Reform Multiemployer Pensions
    Dec 11, 2014  - Letters of support are pouring in for the bipartisan agreement to reform multiemployer pensions. Released by House Education and the Workforce Chairman John Kline (R-MN) and Ranking Member George Miller (D-CA), the proposal includes reforms to provide trustees with new tools to save troubled plans, ... More