PRC Perspectives Blog

May is Older Americans Month, and this year’s theme is “Age Out Loud.”  The theme reflects the fact that today’s older Americans are vocal, engaged, and play essential roles within their communities. They are taking charge by speaking up and advocating for themselves and for others.

A few weeks ago, the Pension Rights center moved to a new office. We’ve had to update our mailing address with the post office, vendors, people on our email list and just about anyone you can think of.

Earlier this fall, a U.S. House of Representatives subcommittee held a hearing on draft legislation that has the potential to undermine the stability of the multiemployer pension system.

Employee Stock Ownership Plans, or “ESOPs,” are retirement plans that invest in employer stock. They are growing in popularity not only because they receive tax benefits that are not available to other types of retirement plans, but also because of their philosophical appeal: they let the employees own part or all of the company that they work for.