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PRC testifies at Senate Finance Committee

PRC testifies at Senate Finance Committee

Karen Friedman discussed reforms that would make tax expenditures more fair and efficient for workers.Read the testimony.
The facts about church pension plans

The facts about church pension plans

Employees covered by church pension plans are denied basic protections provided to all other private-sector workers.Learn More.
Older Americans Month

Success Stories

Read stories that demonstrate the work of the U.S. Administration on Aging's Pension Counseling and Information Program.Read the stories.
Having a hard time keeping track of your pension?

Having a hard time keeping track of your pension?

Learn tips on how to keep track of your pension plan at various stages of your life.Read the fact sheet.

Latest News

Workers fight switch to church pension plans

The Employee Retirement Income Security Act, known as ERISA, regulates most private-sector pensions. But it has always exempted plans operated directly by churches for their clergy and employees to make it easier for the churches to operate their plans.

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N.J. workers at religious institutions fear change threatens pensions

Tens of thousands of current and former employees at scores of religiously affiliated institutions across the country face the same fear, as nonprofits increasingly seek refuge in "church" pension plans to escape onerous financial obligations, according to Eric Loi, an attorney at the Washington D.C.-based Pension Rights Center.

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Is a 401(k) match really “free money”?

Is a 401(k) match really “free money”?

This week’s issue of Time features an article by Stephen Gandel called “How 401(k)s Make Many Americans Poorer.” It sheds light on a new study conducted by the Urban Institute and published by the Center for Retirement Research. The study finds that employees at companies that provide an employer match to 401(k) contributions tend to have lower salaries than employees at companies that do not contribute to employee retirement plans. More...

Required Reading: How 401(k)s Make Many Americans Poorer

One of the most widely dispensed, and universally accepted, pieces of financial advice is that you should contribute at least enough to your 401(k) to get the full match from your company. If you don’t, so the wisdom goes, you will be giving up free money. Well, it turns out that money isn’t exactly “free.” In a sense, it’s actually coming right out of your paycheck.

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Some church-linked pension funds drop ERISA coverage

Some church-linked pension funds drop ERISA coverage

Legal exemptions that allow church-affiliated organizations to sidestep ERISA protections for their defined benefit pension plans increasingly are being used for less-than-holy purposes...[NOTE:  A slightly different version of this article appears in Business Insurance.]

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Persistence pays off in finding a lost pension

With his 65th birthday approaching, Richard Zimmerer started making phone calls about a pension from a job he held until his mid-40s.

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Retirement pros have questions for candidates

I asked top retirement and aging policy experts this question: "If you could pose one question in a presidential debate to the Republican and Democratic nominees, what would it be?"

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American Airlines’ bankruptcy – what does it mean for its pensions?

[UPDATED] American Airlines’ bankruptcy – what does it mean for its pensions?

No doubt you’ve heard that American Airlines has filed for bankruptcy. The airline has four underfunded pension plans, and their fate is the source of much speculation. Despite meetings the company has held with employees to discuss their pensions, workers remain concerned. More...

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