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The Pension Rights Center is mentioned in articles where you see the PRC icon.

IRS deepens focus on lifetime income with lump-sum ban

07/27/2015 | Pensions & Investments

The Internal Revenue Service's unexpected decision July 9 to ban lump-sum payments to retirees has plan sponsors keeping one eye open for further regulation but still considering those payouts for other plan participants.

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House-Passed Highway Bill Would Extend Transfers of Excess Pension Assets

07/21/2015 | Bloomberg BNA's Pension & Benefits Reporter

The House passed funding legislation that includes a section that would extend for four years provisions allowing employers to transfer excess pension plan assets to retiree-health accounts and group-term life insurance accounts.

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Some Lump-Sum Pension Buyouts Banned

07/16/2015 | Financial Advisor

The IRS and U.S. Treasury Department have banned lump-sum pension buyouts, like the ones offered to GM and Ford retired employees, starting July 9, 2015, according to a notice from the two agencies.

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Latest News Releases (View all)

Pension Rights Center Applauds Treasury Department/IRS for Protecting Retirees by Banning Lump-Sum Buyout Offers

07/13/2015

WASHINGTON – In a welcome move by the Department of the Treasury and the IRS, the agencies released last week a notice to amend Treasury regulations to stop companies from offering lump-sum buyouts to retirees who are already receiving a monthly pension.

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Sen. Bernie Sanders and Rep. Marcy Kaptur Act to Stop Devastating Cuts to Retirees' Pensions

06/18/2015

WASHINGTON – The Pension Rights Center strongly praised Senator Bernie Sanders (I-Vt.) and Representative Marcy Kaptur (D-Ohio) for introducing legislation today that would repeal the pension cutback provisions of the Multiemployer Pension Reform Act of 2014 (MPR

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Supreme Court Decision in Tibble a Victory for 401(k) Participants

05/19/2015

WASHINGTON – On May 18, the U.S. Supreme Court ruled in favor of employees in Tibble v. Edison International, a class-action lawsuit filed by participants in the power company’s 401(k) plan.

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Speeches, Statements, and Letters (View all)

PRC comments to DOL on its proposed fiduciary rule (July 21, 2015)

07/21/2015

The Pension Rights Center submitted comments to the Department Labor on its proposed rules governing conflicts of interest in investment advice for retirement plans. 

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PRC comments to IRS on revenue procedures related to recoupment (July 20, 2015)

07/20/2015

The Pension Rights Center submitted comments to the Internal Revenue Service regarding Revenue Procedure 2015-27 and Revenue Procedure More...

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