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Keep Our Pension Promises Act

Keep Our Pension Promises Act

A bill introduced into Congress would protect the pensions of more than 1 million retirees. Learn more
An end to conflicted investment advice?

An end to conflicted investment advice?

A proposed regulation takes steps toward protecting 401(k) and IRA investments. Read our statement.
Karen Friedman discusses retiree pension cuts on C-SPAN

Karen Friedman discusses retiree pension cuts on C-SPAN

Karen Friedman takes Q&A about retiree pension benefit cuts on C-SPAN's Washington Journal. Watch now.
States get in on the action

States get in on the action

Illinois becomes the first state to offer automatic retirement savings plans to workers. Learn what other states are up to.  Read the fact sheet

Latest News

Can you afford to retire?

Many Americans are facing the reality that they might not be able to retire in their 60s as planned. In 2014, President Obama and Congress passed the 2015 Omnibus spending bill, which includes provisions that allow trustees of certain multiemployment plans to cut retirees pensions - part of the Multiemployer Pension Reform Act of 2014.

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PRC comments to PBGC on partition rules for financially troubled multiemployer plans (August 18, 2015)

The Pension Rights Center submitted comments to the Pension Benefit Guaranty Corporation (PBGC) regarding its rules for partitions in severely underfunded multiemployer plans, as authorized by the Multiemployer Pension Reform Act of 2014.

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PRC comments to Treasury on rules for retiree benefit cuts in financially troubled multiemployer pension plans (August 18, 2015)

The Pension Rights Center submitted comments to the Treasury Department regarding its rules for retiree benefit cuts in severely underfunded More...

DOL moving forward on fiduciary rule

Labor Department officials are determined to produce a new standard of fiduciary duty for anyone giving retirement investment advice, once they process concerns raised in thousands of comment letters and four days of hearings on their proposal.

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Speakers encourage fiduciary role for advice on DC lump sums, IRA rollovers

People giving advice to defined contribution plan participants about lump-sum distributions and rollovers to individual retirement accounts should be covered by a new fiduciary standard, several speakers said Wednesday at a Department of Labor hearing on the proposed rule.

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PRC testimony to EBSA on conflict-free investment advice (August 12, 2015)

PRC Senior Policy Advisor Maria Freese testified on Day Three of a four-day Department of Labor hearing on the proposed rule on conflicts o More...

New data shows a different type of income inequality

New statistics show a different type of income inequality

Lately, there’s been a lot of talk about income inequality – the increasing gap between our society’s highest-paid workers and the lowest-paid. Generally the term “income inequality” is used to highlight the difference in wages and salary for people while they’re working. More...

Rising costs usher in pension ‘de-risking’ cycle

Many Connecticut workers probably think of a pension as something their parents had, or something they'll never get. Indeed, as companies have frozen or curtailed their pensions or "defined-benefit" plans, the number of Connecticut private-sector workers and retirees with a single-employer pension (519,000) has plummeted 42 percent over the last decade, federal data shows.

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Ascension pension settlement highlights vulnerability of 'church plans'

Ascension, the Edmundson-based parent company of the nation’s largest nonprofit health system, has agreed to settle a 2013 class-action lawsuit that alleged it improperly maintained employee pensions plans.

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