Union pensions

3 more pension funds apply to reduce benefits under MPRA

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Three more multiemployer pension plans have applied for permission to reduce benefits to remain solvent, according to Treasury Department’s website list of applications under the Kline-Miller...
BMW workers to strike over pension plan freezes

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Trade union Unite announced a series of strikes by BMW workers over plans by the carmaker to freeze its defined benefit plans.
PBGC girds for pending union plan catastrophe

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Pension Benefit Guaranty Corp.'s dire financial condition has officials predicting painful cuts for more than 1 million multiemployer plan participants projected to need its help.
Western States multiemployer plan applies with Treasury for benefit cuts

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Western States Office & Professional Employees Pension Fund, Portland, Ore., is seeking permission to cut benefits for participants, including retirees, as part of a proposed rescue plan awaiting...
Senator offers bill to increase multiemployer plan participants' rights

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Ohio Sen. Rob Portman introduces legislation that would give participants in struggling multiemployer pension plans more weight in decisions to reduce benefits.

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Stefan Dunatov is leaving his role as chief investment officer at Coal Pension Trustee Services, which manages the assets of two defined benefits funds.