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PRC Perspectives Blog

Pension counselors come to Washington D.C. for National Training Conference

Posted by Emily Gilbert on May 17, 2018

Last week, we held our annual National Training Conference for the U.S. Administration on Aging Pension Counseling and Information Program. There are six regional pension counseling projects across the country that provide free legal help to people in 30 states who have retirement plan problems or questions. Every year, attorneys from the projects come to Washington D.C.

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

Posted by Karen Friedman on April 20, 2018

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.

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

Posted by Jane Smith on March 19, 2018

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.

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Joint Select Committee starts process to save multiemployer system

Posted by Emily Gilbert on March 14, 2018

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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Tax breaks for retirement plans should benefit more people

Posted by Jane Smith on January 22, 2018

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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Leaders Schumer and Pelosi make pension bill a top priority

Posted by Emily Gilbert on December 14, 2017

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

Posted by Karen Friedman on November 17, 2017

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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New York State Teamsters’ pensions to be slashed because of unfair law

Posted by Karen Friedman on September 19, 2017

Last week, the news came in that workers and retirees voted in favor of pension cuts by the New York State Teamsters Pension Fund.

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Ready or not, here comes the conflict-of-interest rule!

Posted by Jane Smith on July 31, 2017

The fiduciary rule, a new Department of Labor regulation that took partial effect on June 9, 2017, requires investment advisers to provide advice that is in the best interests of their clients. The implementation of this common-sense regulation, also known as the conflict-of-interest rule, is a big win for investors.

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Surprise! A lot of people are still in pension plans

Posted by Jane Smith on July 12, 2017

The newest addition to our Statistics pages reveals what some may consider a surprising fact: Nearly one-third of private-sector workers participating in retirement plans are in pension plans.  

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