New York Times
The way major U.S. companies provide for retiring workers has been shifting for about three decades, with more dropping traditional pensions every year. The first full generation of workers to retire since this turn offers a sobering preview of a labor force more and more dependent on their own savings for retirement.
As recently as 2015, Donald Trump was still collecting a $168,000 pension — and maybe more — from the Screen Actors Guild for playing himself in The Apprentice. Now that Trump is about to be president, the most important question is: What is Trump's plan to save the system that is designed to protect millions of union pensions like his own?
History News Network
100 corporate CEOs possess company retirement funds totaling $4.7 billion - an amount equivalent to the entire retirement savings of 41 percent of U.S. families. Things were not always like this. From 1946 to 1980, a combination of union action and government policy led to the expansion of pension benefits for American workers. Now, Donald Trump's pick to direct the Office of Management and Budget says: We have to end Medicare as we know it.
The Washington Post
Hiring freezes, an end to automatic raises, a green light to fire poor performers, a ban on union business on the government’s dime and less generous pensions — these are the contours of the blueprint emerging under Republican control of Washington in January. these are the contours of the blueprint emerging under Republican control of Washington in January.
The major issues are health coverage, pensions and work rules. Pensions rankle TWU members because theirs don't increase if a worker makes more than $50,000 a year, meaning a union member will receive no more than $30,000 a year in pension payments after retirement even if they earned more than $50,000 when they retired. By contrast, managers with Southeastern Pennsylvania Transportation Authority] have no pension caps.
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The Center for Media and Democracy
AARP, the non-profit seniors organization that exists to promote the financial security, pensions and healthcare of those over 50, is secretly funding the American Legislative Exchange Council (ALEC), an organization whose bills have acted against the interests of ordinary Americans, including retirees and their families. What can you do? -- sign the petition below.