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Older Americans Month

May is Older Americans Month, a time designated by the U.S. Administration on Aging (AoA) to celebrate the contributions older Americans make to society. Here at the Pension Rights Center, we use the month to highlight the work of the Center and that of the Pension Counseling and Information Program (PCIP), a legal services program that provides free help to people who are having difficulty getting the retirement benefits they have earned or who have questions about their retirement rights.

Today our work is more important than ever before. More and more people are contacting us with questions about their retirement plans. Fortunately, we have fact sheets for some of the questions we receive most often: Should I take a lump sum, what happens if my pension is transferred to an insurance company? and What are my pension rights after divorce continue to be some of our most popular fact sheets. Most recently, we’ve heard from retirees who are worried that their pensions may be cut as the result of a new law

And the PCIP is hearing from just as many people and about a variety of issues, including recoupment – the process by which pension plans recover overpayments, lost pension plans, survivor benefits, and divorce. The PCIP has been extremely successful since it began more than 20 years ago – the program now covers 30 states and has recovered more than $200 million in retirement benefits for its clients. Later this week, PCIP staff will be here in DC for their annual training conference. We are looking forward to hearing about their many victories on behalf of older Americans.

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