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Tag: Retirees


The 2015 Federal Budget Ended Pension Protections for Millions of Retirees (Videos)

A rule sneaked into the new federal budget endangers retiring Americans by eliminating the government’s legal obligation to insure pensions in the event the funds cannot pay retirees.

Posted on Jan 5, 2015 READ MORE


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Ann Millspaugh (CC BY-SA 2.0)

Broken Promise: Bankruptcy Judge Says Detroit Can Cut Pension Payments

In a perverse case of making the victim pay for the crime, a federal bankruptcy judge says the city of Detroit can renege on pension promises. Experts say the decision could be a template for other governments seeking to get out from under obligations.

Posted on Dec 4, 2013 READ MORE


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