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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

IRS deepens focus on lifetime income with lump-sum ban

The Internal Revenue Service's unexpected decision July 9 to ban lump-sum payments to retirees has plan sponsors keeping one eye open for further regulation but still considering those payouts for other plan participants.

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House-Passed Highway Bill Would Extend Transfers of Excess Pension Assets

The House passed funding legislation that includes a section that would extend for four years provisions allowing employers to transfer excess pension plan assets to retiree-health accounts and group-term life insurance accounts.

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PRC comments to DOL on its proposed fiduciary rule (July 21, 2015)

The Pension Rights Center submitted comments to the Department Labor on its proposed rules governing conflicts of interest in investment advice for retirement plans. 

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PRC comments to IRS on revenue procedures related to recoupment (July 20, 2015)

The Pension Rights Center submitted comments to the Internal Revenue Service regarding Revenue Procedure 2015-27 and Revenue Procedure More...

Some Lump-Sum Pension Buyouts Banned

The IRS and U.S. Treasury Department have banned lump-sum pension buyouts, like the ones offered to GM and Ford retired employees, starting July 9, 2015, according to a notice from the two agencies.

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Retirement Plans At Every Employer! Is Your State Next?

Paid sick leave, raising the minimum wage, commuter benefits. What’s next on the list of items employers are going to have to offer their employees? Retirement benefits.

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Curtailing Lump Sum Pension Payouts?

I applaud the IRS and Treasury for clamping down on lump-sum pension payouts. America's pensions are in peril and the last thing it needs is more lump sum payouts which will exacerbate pension poverty.

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Treasury Curtails Lump Sum Pension Payouts

In a sudden move, the Treasury Department said it will stop allowing employers to offer certain workers the option to take out their pensions in a lump sum. Notice 2015-49, Use of Lump Sum Payments to Replace Lifetime Income Being Received By Retirees Under Defined Benefit Pension Plans, applies as of July 9, 2015.

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IRS, Treasury Halt Lump-Sum Buyouts for Retirees Getting a Pension

The Treasury Department and Internal Revenue Service amended Treasury regulations last week to stop companies from offering lump-sum buyouts to retirees who already receive a monthly pension.

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Pension advocate backs IRS rule banning annuity conversions to lump sums

A new IRS and Treasury Department ban on employers offering pension plan participants currently receiving monthly annuity benefits the option to convert their benefit to a cash lump sum was needed to protect retirees, a consumer advocacy group says.

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