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States get in on the action

States get in on the action

Read summaries of activities in the states to sponsor retirement plans for private-sector workers. Read the fact sheet
New ideas for retirement

New ideas for retirement

Questions about the new MyRA and USA Retirement Funds proposal? Learn more.
What is Recoupment?

What is Recoupment?

Read our fact sheet to learn what can happen when a pension plan mistakenly overpays a retiree.What is recoupment?
Lump sum or annuity?

Lump sum or annuity?

Many retirees are being asked to make a critical decision about their retirement security.Read the fact sheet.

Latest News

Senators’ De-Risking Letter Adds Weight To Growing Issue, Concerns, Observers Say

A recent letter sent by two Senate Democratic committee leaders asking several federal agencies to develop regulatory policy on de-risking pension plans adds some heft to the issue, but there are already some regulatory provisions in the law addressing their concerns, practitioners said.

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Companies that have transferred pensions to insurance companies

Below is a list of employers that have transferred their pension obligations for certain retirees and former employees to insurance companies by purchasing annuities.

(Note: this is not a comprehensive list. These are only the changes that we are aware of, based on corporate press releases, news reports, and other sources.)

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PBGC Proposal to Track De-Risking Plans Seen by Pension Rights Center as Good Step

The Pension Benefit Guaranty Corporation’s recent request for comments on a proposal to require companies making pension risk-transfer offers to their employees to report such offers to the PBGC is aimed at helping the agency determine its future liabilities, but the information may also prove useful for the public, a spokeswoman for the Pension Rights Center told Bloomberg BNA.

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Retirement Plans For All? These States Say 'Yes'

The federal government has been looking to introduce legislation designed to help workers save for retirement if they aren't covered by an employer-provided pension plan or retirement savings plan. In the meantime, many states are taking up the charge.

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Broad-Based Coalition Pushes For Updates To Retirement-Plan Advice

A broad-based coalition of labor unions and consumer protection groups has reiterated its support for the U.S. Department of Labor (DOL) to update, strengthen and clarify rules around advice provided to workers saving through retirement plans.

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Group letter to Congress in support of a strengthened and updated fiduciary rule (September 17, 2014)

The Pension Rights Center, along with 43 other organizations, sent the letter below to every member of Congress, expressing support for updated and stronger rules to protect people with retirement plans and individual retirement accounts from conflict-ridden investment advice. More...

ERISA Has Protected Participants, but Challenges Remain

Joe Lustig of Bloomberg BNA asked Karen Ferguson about the effect of the passage of ERISA in September 1974. Ferguson is director of the Pension Rights Center and a longserving member of the Benefits Practice Center Pension & Benefits Advisory Board.

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The facts about pension advances

The facts about pension advances

This fact sheet describes pension advances, a relatively new practice in which a company gives a retiree a lump-sum cash payment in return for some or all of the retiree’s monthly pension payments for a period of time. More...

Happy 40th, ERISA!

Happy 40th, ERISA!

Forty years ago this week, bell-bottom jeans were still in style, the Vietnam War was coming to a close, and Watergate was still riveting the nation.  

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ERISA’s mid-life crisis

On its 40th birthday, plans sponsors and participants find plenty to be unhappy about.

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