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As insurance companies take over pension plans, are your payments at risk?

New article from NBC News explains the risk transfer process and it's how it could affect retirees.  Read the article here

COVID-19 response should include fix for multiemployer pensions

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Dividing retirement benefits at divorce

A helpful new guide for individuals who have questions about dividing retirement benefits at divorce. Read our blog to learn more.
Pension Counseling & Information Program

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The Pension Counseling and Information Program can help with any retirement plan questions.  Get free legal help with pension problems.

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A helpful guide for people awarded retirement benefits at divorce

There is now a helpful new guide for individuals who are going through a divorce and have questions about dividing retirement benefits.

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Pension plan fiduciaries get relief from Supreme Court

Defined benefit plan sponsors worried about fiduciary breach lawsuits welcomed a June 1 Supreme Court decision that significantly raises the threshold for when participants have standing to sue, while participant advocates fretted over what they see as a loss of long-standing protections.

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As insurance companies take over pension plans, are your payments at risk?

How safe is your pension? As COVID-19 shutdowns hobble the U.S. economy, the question has taken on more urgency.

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Pandemic Puts More Stress On Struggling Pension System

The coronavirus outbreak has presented daunting challenges for an already-struggling multiemployer pension plan system. 

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Are public pensions doomed because of the coronavirus pandemic? State, local budgets feel pain

Corey Shelton, an eighth grade science teacher in Jackson, Michigan, has earned a pension after more than 20 years on the job, but now he’s concerned that the economic devastation from the coronavirus pandemic will threaten the monthly checks he’s been counting on to fund his retirement.

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Where to Check Up on the Health of Your Pension Plan

I will be eligible for a pension when I retire, but the markets and the Covid-19 outbreak have me worried about the health of my retirement plan. How can I figure out where my pension stands?

A lot of help is available. But rules governing how employees are kept informed about their plans are changing, which calls for more vigilance on your part.

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Supreme Court strips workers of their right to sue for pension plan mismanagement

In a 5-4 decision issued on Monday, the U.S. Supreme Court ruled that pension plan participants have no right to sue the people running their plans for fund mismanagement. 

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New government "hide and seek" rule tells workers to hunt for retirement information on websites

In the midst of an economic collapse and at a time of heightened financial insecurity, the U.S. Department of Labor has issued a regulation that tells workers and retirees that to find information about their retirement rights they will have to hunt for it on a website.

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On Saving Pensions, One Step to Go, On Composites and GROW, We Say No!

PRC is thrilled that on May 15, as part of the latest COVID-19 relief bill (known as the HEROES Act), the House of Representatives passed the well-crafted Emergency Pension Plan Relief Act (EPPRA) to shore-up underfunded multiemployer pension plans. We urge the Senate to ensure that EPPRA’s provisions are retained in any compromise bill it works out with the House.

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PRC and National Women's Law Center comments on Federal Retirement Thrift Investment Board rule allowing withdrawal from TSPs without spousal consent (May 18, 2020)

The Pension Rights Center and the National Women's Law Center submitted comments to the Federal Retirement Thrift Investment Board expressing concerns on an Interim Rule allowing federal retirees to withdraw their Thrift Savings Plan money without notarized spousal consent during the COVID-19 emergency. More...

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