Pensions

• Pension Spending During Covid Pandemic Provided $1.3 Trillion to the Economy

  January 09, 2023: Retirees who spent their public and private sector pension benefits in 2020 generated $1.3 trillion in total economic output, supporting nearly 6.8 million jobs across the nation, according to a report released last Wednesday by the National Institut...Read more >

• Biden Announces $36 Billion in Relief to Avoid Cuts to Promised Pension Benefits

  December 12, 2022: President Biden announced $36 billion in financial relief on Thursday to prevent pension benefit cuts for thousands of union workers. Biden was joined by Labor Secretary Marty Walsh, union leaders including AFL-CIO President Liz Shuler and wo...Read more >

• Alliance for Retired Americans Hosts 2022 Retirement Security Symposium

  November 21, 2022: More than a dozen speakers from unions and government agencies, young workers and others shared strategies to address the continuing retirement security emergency in America at the Alliance’s Retirement Security Symposium: An Intergenerational Semi...Read more >

• Nation Celebrates One Year Since American Rescue Plan Became Law

  March 11, 2022: Exactly one year ago, on March 11, 2021, President Biden signed the American Rescue Plan (ARP) into law to address the health and economic crises caused by the COVID-19 pandemic. Since then, this important legislation has been the cornerstone of the ...Read more >

• Census Report Highlights Older Households’ Sources of Income

  February 14, 2022: While Social Security makes up the largest share of most older adults’ incomes, other sources also provide earnings to people 65 and older. A new report from the United States Census Bureau analyzed older households’ sources of income, the amount...Read more >

• Pension Plans Offer Substantial Cost Advantages Over 401(k) Retirement Accounts

  January 14, 2022: A new research report from the National Institute on Retirement Security (NIRS) has uncovered a surprising difference between defined-benefit pension plans and 401(k) style defined-contribution pension plans. The report found that pension plans provi...Read more >

• Retirees Mourn the Death of AFL-CIO President Richard Trumka

  August 05, 2021: The 4.4 million members of the Alliance for Retired Americans are united in mourning the untimely death of Richard Trumka, President of the AFL-CIO. “Richard Trumka was a legendary labor leader and he was also my friend. Working people had no mo...Read more >

• News: President Biden Signs Law Saving Multiemployer Pension Plans from Insolvency

  March 25, 2021: One of the most important parts of the American Rescue Plan for union members and numerous other workers and retirees is its provision saving multiemployer pension plans from insolvency. More than ten million Americans, including many SOAR members, w...Read more >

• Retirees Applaud Action to Save Multiemployer Pension Plans from Insolvency

  March 10, 2021: More than ten million Americans will have greatly increased pension security for the benefits they have earned thanks to a provision in the American Rescue Plan which President Biden will sign into law this week. “Working people deserve to retir...Read more >

• The American Pension Crisis Seminar

  November 19, 2019: In November 2019, the Alliance for Retired Americans hosted more than two dozen speakers from unions and government agencies, as well as bankruptcy attorneys, young workers and others, to address the growing pension crisis and the effects of corporat...Read more >