Have you heard that the government is planning to seize your 401(k) and use the money to send monkeys to Mars? Well, we haven’t heard about the monkey part, but some people are making the claim that the government is gunning for workers’ 401(k)s. (more…)
Today Brad Pitt and Angelina Jolie announced that they were committed to working toward a new universal pension system to ensure that all Americans - and particularly their six children - would be able to retire with dignity. (more…)
The nation has lost a great champion for retirement security, and the Pension Rights Center has lost a great friend. The Center was honored to have Lisle C. Carter, Jr. serve on our board of directors for more than 20 years. Read our tribute to Lisle and the Washington Post article about him.Â
Today the IRS announced new tax “withholding adjustment procedures” for pension plans today, repairing a problem that we raised in a letter to the Treasury Department on April 1. (more…)
With Mother’s Day approaching, it seems only fitting that I put in a plug for the current edition of Mother Jones magazine. Its cover asks, “Who Ran Away With Your 401(k)?” and the issue is required reading for anyone interested in the future of retirement income.  (more…)
Do you tweet on Twitter? We do! The Pension Rights Center has joined Twitter, a social networking platform that allows users to let their “followers” know what they’re up to on a regular basis. Check out the Center’s Twitter feed, @PensionRights, and sign up to follow our tweets.
In my work here at the Pension Rights Center, one of my responsibilities is to update the list of companies that have suspended matching 401(k) contributions. This week I’ve had to add more than 15 companies to this list. Even worse, some of these companies are suspending matching 401(k) contributions and freezing their traditional pensions, leaving more and more workers out in the cold. (more…)
Today, President Obama signed three executive orders aimed at “leveling the playing field” for workers and the labor movement. We at the Pension Rights Center have a few ideas of our own on how President Obama can level the playing field when it comes to the nation’s retirement income system. (more…)
I recently came across a helpful Department of Labor fact sheet - Your Employer’s Bankruptcy - How Will It Affect Your Employee Benefits? Given the current state of the economy, it’s never too early for workers to know what might happen to their benefits if their employer goes bankrupt. The fact sheet highlights the important fact that, even if an employer declares bankruptcy, its pension assets cannot be touched by the company’s creditors to pay off debt. (more…)
Every day I receive calls from workers and retirees who need help with their pensions. Often, the people I speak to are looking for lost pension income that their employers promised would arrive at a critical time in their lives - retirement. These callers may be having trouble locating their pensions or finding out if they are even eligible to receive benefits. (more…)
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