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The crisis was so severe that raising the premiums would not solve the problem and may even make it worse, the director of the Pension Benefit Guaranty Corporation told Congress. (@EdWorkforce/Twitter)
Economy

Pension premiums ‘too low for too long,’ government monitor says

Sean Higgins -
0
The Pension Benefit Guaranty Corporation's multiemployer pension program protects 10 million workers and retirees in about 1,400 plans, but those plans have been troubled for years. (iStock)
Economy

Multiemployer pension plans in ‘dire’ shape, government monitor says

Sean Higgins -
0
The bill, from Rep. Jody Hice, R-Ga., would cap the pensions of former presidents at $200,000, just a bit lower than the $205,000 they receive today. (AP Photo/LM Otero)
News

House will vote next week to cap perks for former presidents

Pete Kasperowicz -
0
Former Rep. Chaka Fattah, D-Pa., walks from the federal courthouse after his sentencing hearing in Philadelphia, Monday, Dec. 12, 2016. Fattah was sentenced Monday to 10 years in prison for misspending government grants and charity money to fund his campaign and personal expenses. (AP Photo/Matt Rourke)
Beltway Confidential

A loophole is giving convicted corrupt members of Congress generous pensions

Demian Brady -
0
A bipartisan group of lawmakers representing coal states renewed a push Tuesday to shore up pensions for thousands of miners whose companies went bankrupt. The group, led by Sen. Joe Manchin, D-W.Va., introduced a bill that would use excess funds from the Abandoned Mine Land Fund, meant for mine cleanups, and borrow Treasury Department money to pay for retired miners' pensions each year. (AP Photo/J. Scott Applewhite)
Energy and Environment

Coal-state lawmakers introduce bill to shore up pensions for miners

Josh Siegel -
0
Some pension fund trustees are risking suboptimal returns by prioritizing political agendas over dollars and cents. These include divestment campaigns over prisons and fossil fuels. (AP Photo/Hans Pennink)
Op-Eds

The pension gap, and how Blue State liberals are preparing a raid on your wallet

Ben Howe -
0
New York Mayor Bill de Blasio speaks at a rally where he announces a plan to fund MTA improvements on Monday, Aug. 7, 2017, in New York. De Blasio wants to tax the wealthiest 1 percent of city residents to fund repairs and improvements to the nation's largest subway system. (AP Photo/Michael Noble Jr.)
Beltway Confidential

Bill de Blasio puts unions before New York commuters

Tom Rogan -
0
An estimated 114 multi-employer pension plans covering more than 1.3 million people are underfunded by more than $36 million and are expected to become insolvent in the next two decades, according to a new report. The Teamsters' Central States, the Bakery and Confectionary Workers Union, and the United Mine Workers plans account for $22.8 billion, about 62.5 percent, of the unfunded liability. (AP Photo/Jose Luis Magana)
Business

1.3 million workers’ pension plans expected to go insolvent

Sean Higgins -
0
The pension plans are going belly-up at a rate rapidly depleting the money needed to cover the losses. (Twitter)
Economy

Multiemployer pensions insolvent by 2025, agency says

Sean Higgins -
0
Will Illinois Need a Federal Bailout?
Magazine

Will Illinois Need a Federal Bailout?

Ike Brannon -
0
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