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PRC Perspectives Blog

To expand retirement security, a look to the states

Posted by on March 28, 2012

There is a movement afoot to use the efficiencies of public retirement systems to administer new types of pension plans for private-sector workers.

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The latest on American Airlines

Posted by Nancy Hwa on March 14, 2012

Most American Airlines employees can breathe a sigh of relief (sort of), now that the company has announced that it would not seek to terminate three out of four of its pension plans as part of its bankruptcy reorganization. Rather, the company will freeze those plans, meaning that employees will stop earning benefits after a certain date.

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Setting the record straight: Saint Peter’s University Hospital’s pension plan

Posted by Joellen Leavelle on February 29, 2012

A new PRC fact sheet refutes claims made by Saint Peter’s University Hospital (SPUH) that its pension plan is a church plan and has never been subject to federal law.

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The problem with Mitt Romney's IRA

Posted by Joellen Leavelle on February 02, 2012

In the last few weeks Mitt Romney’s Individual Retirement Account has come under intense scrutiny because of the amount of money he has stashed away in it.The Wall Street Journal estimates the value of Romney’s IRA to be somewhere between a whopping $20 million and a staggering $101.6 million.

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Is a 401(k) match really “free money”?

Posted by Joellen Leavelle on January 13, 2012

This week’s issue of Time features an article by Stephen Gandel called “How 401(k)s Make Many Americans Poorer.” It sheds light on a new study conducted by the Urban Institute and published by the Center for Retirement Research. The study finds that employees at companies that provide an employer match to 401(k) contributions tend to have lower salaries than employees at companies that do not contribute to employee retirement plans.

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[UPDATED] American Airlines’ bankruptcy – what does it mean for its pensions?

Posted by Nancy Hwa on December 14, 2011

No doubt you’ve heard that American Airlines has filed for bankruptcy. The airline has four underfunded pension plans, and their fate is the source of much speculation. Despite meetings the company has held with employees to discuss their pensions, workers remain concerned.

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Is your pension plan having a religious conversion? Here's what you can do.

Posted by Joellen Leavelle on December 01, 2011

Have you received a notice informing you that your pension plan is seeking approval from the Internal Revenue Service to convert to a “church plan”?  Here’s what this means to your retirement – and what you can do about it.

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Have seniors gotten rich at the expense of young adults?

Posted by on November 21, 2011

You might think so if you read some recent stories in the news about wealth differences among generations. But you may want to think again.

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"Retirement Heist: Overlooked Causes of the Retirement Crisis."

Posted by Nancy Hwa on November 11, 2011

On Monday, the Pension Rights Center, the New America Foundation, and AARP hosted a discussion, "Retirement Heist: Overlooked Causes of the Retirement Crisis." The forum centered on investigative journalist Ellen Schultz’s new book, Retirement Heist, which we’ve mentioned before. Speakers included the author herself, Assistant Labor Secretary Phyllis Borzi, David Certner of AARP, Don Fuerst of the American Academy of Actuaries, Michael Calabrese of the New America Foundation, and our own director, Karen Ferguson

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Retirement Heist steals the spotlight

Posted by Nancy Hwa on September 29, 2011

Today, Morning Edition on NPR featured an interview with former Wall Street Journal reporter Ellen Schultz about her new book, Retirement Heist.

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