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PRC Perspectives Blog

The Case of the Deleted Social Security Data: Why It is Bad for Workers and Retirees

Posted by Karen Friedman on August 14, 2014

In their 2014 report on the finances of Social Security, the trustees of the system deleted key information on the replacement rates of Social Security. What’s the harm in that, right?

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Pensions lost and (hopefully) found

Posted by Joellen Leavelle on August 08, 2014

Imagine earning a pension after many years of hard work with a company. Then you leave your employer before retiring and without claiming your pension. When you reach retirement age, you expect to be able to start receiving that pension but you are unable to find the employer or the plan. Your pension plan is “lost”.

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Unemployed today, no retirement savings tomorrow

Posted by Joellen Leavelle on July 21, 2014

Last week, I accompanied Karen Friedman to Witness Wednesday, where she spoke about the fact that too many people who have lost their jobs and whose unemployment benefits have expired have had to dip into their 401(k) savings to pay for basic needs.

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Senator Harkin Introduces Legislation to Protect Whistleblowers

Posted by Matthew Litton on June 19, 2014

Senator Tom Harkin (D-IA) is leading the way in Washington when it comes to championing the rights of current and future retirees.

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Breaking Pension Promises is No Solution at All

Posted by Kyle Garrett on June 11, 2014

Complexity is to be expected when discussing an issue like pensions. So for the moment let’s make things simple: 150 to 200 multiemployer plans are severely underfunded and may run out of money in 15 to 20 years if no action is taken.

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May is Older Americans Month

Posted by Joellen Leavelle on May 07, 2014

May is Older Americans Month, a time to celebrate the contributions older Americans have made to society – and to focus attention on the many services available to older Americans as a part of the Older Americans Act.

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Dancing through retirement

Posted by Karen Friedman on April 22, 2014

I was struck by a recent Wall Street Journal article about a new craze overtaking China: retirees all across the country are “getting down,” having dance parties in parks, courtyards, and other public spaces in order to have fun and stay in shape.

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Corporate titans campaign to increase workers’ pay and pensions

Posted by Karen Friedman on April 01, 2014

April 1, 2014 – Many of the country’s highest-paid CEOs have decided to give up their exorbitant compensation packages to pay their workers better wages and higher pensions. This announcement comes as part of the “Corporations are Really Good People Campaign.” 

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March: Women's History Month -- and the Winter of Our Retirement Discontent

Posted by Karen Friedman on March 24, 2014

I typically associate the month of March with the taming of the winter just about now, when spring flowers begin to sprout, and we look forward to new beginnings. However, the month is also “Women’s History Month” – a time to celebrate women’s accomplishments in this country so that can appreciate and understand where women have made progress – and where we continue to lag, even in 2014.

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Evaluating 401(k) Plans in a House of Mirrors

Posted by Kyle Garrett on February 24, 2014

Every few months, a financial services company releases numbers touting the success of 401(k) plans. 401(k) account balances are higher than ever! 401(k) plans are working just fine! There is no retirement crisis!

However, like magicians, these firms don’t want you to see what's behind the numbers.

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