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Missing Retirement Accounts Cost Retirees Billions

Read Kiplinger's Retirement Report article on lost retirement money Read here

Joint Select Committee requests public comments

Joint Select Committee focuses on multiemployer basics, asks for public comments Read our blog

Retirement tax breaks should benefit more people

Read our blog
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Joint Select Committee focuses on multiemployer basics, asks for public comments

On Wednesday, at the first hearing (and second public meeting) of the Joint Select Committee on Solvency of Multiemployer Pension Plans, one fact became abundantly clear: the problem of multiemployer plans is complex and finding a solution to the issue is also going to be a challenge. More...

Senate Lost and Found bill would help many retirees but would harm others

Originally introduced in 2016 by Senators Elizabeth Warren (D–MA) and Steve Daines (R–MT), the Retirement Savings Lost and Found Act of 2016 (S. 3078) would have been a great help to the many retirees who are now searching for their earned retirement benefits. The Pension Rights Center wholeheartedly supported that bill. Unfortunately, a new version of the bill introduced in 2018 (S. More...

New Efforts to Make Sure Pensions Are Paid

According to the investment management company TIAA, as of 2015, a full 30 percent of employees had abandoned a retirement account from a previous employer. The Government Accountability Office recently reported that from 2004 to 2013, more than 25 million employees left at least one retirement account behind.

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Joint Select Committee starts process to save multiemployer system

Today I went to the first public meeting of the newly-formed Joint Select Committee on Solvency of Multiemployer Plans. Based on the comments of Committee members we are hopeful that they will put aside their differences and work in a bipartisan fashion to develop a fair and comprehensive solution to the multiemployer crisis by year’s end.
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The Government Wants to Help You Find Your Missing 401(k)

As Americans worry about being able to afford retirement, billions in unclaimed retirement funds sit neglected in lost or forgotten accounts.

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Tax breaks for retirement plans should benefit more people

The tax law enacted in December 2017 generated much discussion about “tax breaks” – who benefits from them and whether those benefits are distributed fairly. While most people are familiar with tax breaks such as the home mortgage interest deduction, there is less awareness of the tax breaks for retirement plans, and their impact on federal revenues and programs.  
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Joint Statement Opposing “Composite” Pension Legislation

Joint Statement of AARP, the International Association of Machinists and Aerospace Workers, the International Brotherhood of Boilermakers, Musicians for Pension Security, the National United Committee to Protect Pensions, the National Retirees Legislative Network, the Pension Rights Center, the United Steelworkers, and the Western Conference of Teamsters Pension Trust Opposing Composite Pension More...

Leaders Schumer and Pelosi make pension bill a top priority

I was so glad to be able to accompany Karen Friedman, PRC’s EVP to a media event on Capitol Hill in support of the Butch Lewis Act of 2017. I started as an intern with PRC just 4 months ago and I’m so excited to be able to be part of a process that could lead to comprehensive legislation being passed to help a million or more retirees have their pension protected.

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New Multiemployer Bill Introduced at Amazing Media Event

Yesterday was the day we have all been waiting for, the culmination of more than three years of hard work by hundreds of thousands of retirees and their many advocates and supporters.

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PRC letters in support of multiemployer legislation introduced by Senator Sherrod Brown (D-OH) and Congressman Richard Neal (D-MA)

The Pension Rights Center sent a letter to U.S. Senator Sherrod Brown (D-OH), expressing its support for the Butch Lewis Act of 2017. Read the letter here [PDF].

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