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Karen Friedman's Posts

Labor Department proposes to send you down a rabbit hole to find your retirement information

The Department of Labor, the agency charged with protecting workers’ and retirees’ retirement rights, wants to adopt a new rule that would make it harder for you to get the information you need to plan for your retirement and watchdog your pension or 401(k) plan. More...

Butch Lewis Act passes House, reintroduced in Senate

Yippee!  Congratulations to everyone! More...

Campaigns should make pensions a priority

If candidates are smart, saving pensions should be part of their every conversation with voters. Specifically, there should be a dialogue in both parties about how to solve the multiemployer crisis. Time is running out on many of these severely underfunded multiemployer pension plans and policymakers can’t dilly dally any longer. More...

Treasury Notice puts retirees' pensions at risk

Sometimes important changes in pension law are made through the regulatory process or even, more subtly, through guidance that agencies issue to address key issues. Often the guidance sounds technical, but it can make a world of difference, either positively or negatively, to the economic security of retirees. More...

Romancing our donors on Valentine’s Day

It’s Valentine’s Day, that holiday of romance and love.

So on this February 14th, we want to send PRC’s special candy hearts, shoot our arrow of amour – or at least our arrow of great and undying gratefulness – to those wonderful individuals and organizations who supported us so gallantly in 2018. More...

Retirees demand candidates save their pensions

Political candidates vying for office in the midterms and beyond need to pay attention to fixing a key under-the-radar economic issue that has energized hundreds of thousands of committed working class voters concentrated in key battleground states, including Wisconsin, Michigan and Ohio. More...

Wall Street Journal article highlights “harsh” pension practice

This weekend’s edition of the Wall Street Journal features a front page article by Theo Francis highlighting pension plans’ practice of trying to recover money they have mistakenly paid their retirees, often years later when the retiree cannot afford to pay back the money. More...

Inspiring trip to Columbus brings hope for multiemployer solution

I flew into Columbus, Ohio last Thursday to join with 12,000 retired and active miners, truck drivers, warehouse workers, ironworkers, spouses, and others who were part of a historic rally on the lawn outside the Ohio statehouse urging Congress to fix the pension crisis and keep pension promises. More...

Congress should read new PBGC report and act fast to solve multiemployer crisis

If Congress and the Joint Select Committee on the Solvency of Multiemployer Plans need any further proof that they should act to solve the multiemployer crisis, all they need to do is read the latest report from the Pension Benefit Guaranty Corporation (PBGC). More...

A Stanley Cup Vision for Retirement

I went crazy with happiness last night when the Washington DC Capitals (Caps) beat the Golden Knights to capture the Stanley Cup, the beautiful silver trophy awarded to the team that wins the playoffs in hockey. The Capitals have waited 44 years for this win – and it couldn’t be sweeter for the teammates or their fans! More...

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