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PRC Perspectives Blog

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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Detroit: Protecting Pensioners is Key to the City

Posted by Karen Friedman on February 18, 2014

In one remarkable week in January, we saw the introduction of three proposals to expand retirement savings for the half of the workforce not covered by employer-sponsored plans: President Obama’s <

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Dialed-up employee outcry causes AOL to dial back 401(k) changes

Posted by Joellen Leavelle on February 13, 2014

If you’re an AOL employee who went away for a long weekend you might have missed the hubbub about your 401(k) plan.

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A big week in retirement security

Posted by Karen Friedman on February 05, 2014

Each year the State of the Union address allows the President to have a conversation with the American people while outlining his priorities for the coming year.

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Motor City Madness

Posted by Nancy Hwa on December 11, 2013

You’ve probably already heard that a judge has decided to allow the city of Detroit to file for Chapter 9 bankruptcy, which would make the Motor City the largest municipality in the country to do so. The judge also ruled that pensions for the city’s workers and retirees can be cut as part of the bankruptcy process. Not surprisingly, the Pension Rights Center is appalled by this decision.

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ERISA at 40 – The past puts pension law in perspective

Posted by on November 04, 2013

The Employee Retirement Income Security Act (“ERISA”), the law governing private retirement plans, has changed quite a bit since it was signed into law in 1974. There have been numerous amendments, court cases, regulatory actions and other developments.

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Funniest Celebrity Contest

Posted by on September 26, 2013

OK, so on Wednesday night, I was on stage at the DC Improv, along with consumer advocate Ralph Nader, American for Tax Reform’s Grover Norquist, Pulitzer-Prize-winning columnist Clarence Page, and Josh Gotbaum, appearing in his personal capacity. What were we doing? We were all part of the Funniest Celebrity Contest. Yes, this was a contest in Washington not to see who was smarter – but who was FUNNIEST.

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Spouses deserve an equal voice in retirement decisions

Posted by Kyle Garrett on August 20, 2013

Preparing for retirement is a bit like competing in a marathon. It’s long and hard, and it requires a steady pace. It also requires information about the course ahead.

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Oregon takes a step toward retirement security for all

Posted by on July 23, 2013

Oregon recently took a step forward in the movement to expand retirement savings for its workers. Oregon’s state legislature passed House Bill 3436, which creates a task force to explore options for helping private-sector workers who lack access to a workplace retirement plan save for retirement.

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Congress should protect investors, not undermine them

Posted by on July 15, 2013

In 1975, when the U.S. Department of Labor issued a rule defining who is an investment advisor under the Employee Retirement Income Security Act, the Vietnam War had just ended,  Steve Jobs was tinkering around his dad’s garage, and Angelina Jolie was barely in diapers.

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