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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    retirement

    A person holds a sign supporting transgender veterans

    Air Force Under Trump Will Force Senior Trans Service Members to Retire Without Benefits

    "Trans people have served this country with honor," said Rep. Pramila Jayapal. "They deserve dignity—not betrayal."

    Julia Conley
    Aug 07, 2025

    The families of transgender service members in the U.S. Air Force could lose hundreds of thousands of dollars in denied retirement benefits due to a memo sent by the military branch this week.

    As Reuters reported Thursday, an official at the Air Force informed transgender members with 15-18 years of military service that they would no be eligible for early retirement and would instead be forced to leave the Air Force without retirement benefits. Some transgender troops had previously been told they could retire early.

    Keep ReadingShow Less
    donald trump
    lgbtq
    President Donald Trump

    'Disaster in the Making': Trump to Open 401(k)s to Crypto, Private Equity Vultures

    "Stuffing private equity, crypto, and other 'alternative assets' into 401(k)s is about propping up scams and bailing out an industry that's run out of buyers," said one critic.

    Jake Johnson
    Aug 07, 2025

    U.S. President Donald Trump is expected to sign an executive order on Thursday that would allow private equity and cryptocurrencies into Americans' 401(k)s, appeasing corporate interests that lobbied for the change and disregarding warnings about the risks it poses to retirement accounts.

    Citing an unnamed senior White House official, CNN reported that "the order calls for the Labor Department and Securities and Exchange Commission to issue guidance to employers about providing access to those alternative investments in their retirement accounts."

    Keep ReadingShow Less
    american economic liberties project
    private-equity
    Sen. Bernie Sanders

    Sanders Proposes 'Pensions for All' as Trump Aims to Open 401(k)s to Private Equity Vultures

    "We can no longer tolerate a rigged retirement system that allows the CEOs of large corporations to receive massive golden parachutes for themselves, while denying workers a pension after a lifetime of work," said Sen. Bernie Sanders.

    Jake Johnson
    Jul 17, 2025

    U.S. Sen. Bernie Sanders introduced legislation Thursday aimed at addressing the nation's retirement security crisis as President Donald Trump reportedly prepared an executive order that would give private equity vultures easier access to the 401(k) plans that have overtaken traditional pensions.

    Sanders' (I-Vt.) Pensions for All Act would require big corporations to either provide their workers with a pension plan that is at least as generous as the one enjoyed by members of Congress or "pay into the federal retirement system at a level that ensures all of their workers receive the same amount of retirement benefits" as lawmakers.

    Keep ReadingShow Less
    social security
    retirement
    NY Court Ruling Will Force Retired Workers Into Privatized, For-Profit Medicare Advantage Plans

    NY Court Ruling Will Force Retired Workers Into Privatized, For-Profit Medicare Advantage Plans

    "Nobody will ever want to work for New York City again. Zero trust. Medicare Advantage is a bait and switch scam & betrayal. Enough!" wrote one New York City councilmember.

    Eloise Goldsmith
    Jun 19, 2025

    New York State's highest court on Wednesday ruled against city retirees who had sought to block an effort by Mayor Eric Adams' administration to move them onto a for-profit, privatized Medicare Advantage plan.

    In a unanimous decision, New York Court of Appeals Judge Shirley Troutman wrote that petitioners in the case are not entitled to "promissory estoppel" cause of action, the argument that the retirees throughout their employment with the city were promised traditional Medicare benefits when they retired.

    Keep ReadingShow Less
    federal government
    medicare-advantage

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