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

Can They Grab Your Pension?

03/01/2015 | AARP Bulletin

Clawbacks become more common as plans discover they overpaid recipients.

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Groups Debate Effects of Plan Fee Litigation In Competing Supreme Court Amicus Briefs

02/24/2015 | Bloomberg BNA's Pension & Benefits Reporter

The effect of plan fee litigation on workers’ retirement savings has sharply divided various industry groups, which filed competing amicus briefs with the U.S. Supreme Court in an upcoming case involving Section 401(k) plan fees (Tibble v. Edison Int’l, U.S., No. 13-550, arguments scheduled 2/24/15).

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Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule

02/24/2015 | Forbes

Take two. President Barack Obama today called on the Department of Labor to move forward with a proposed rulemaking to require retirement advisers to put their clients’ best interest before their own profits. It’s a rewrite of the dropped 2010 rewrite of the 40-year-old fiduciary rule. (The 2010 rewrite was withdrawn in 2011 amidst industry furor.)

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Latest News Releases (View all)

Pension Rights Center Applauds Labor Department’s Release of Proposed Rule on Conflicted Investment Advice to OMB

02/23/2015

Washington – In a long-awaited move towards protecting millions of workers and retirees by stopping conflicted financial advice in retirement savings plans, the U.S. Department of Labor (DOL) today sent a proposed fiduciary regulation to the Office of Management and Budget (OMB), which now has up to 90 days to review the rule.

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Public Interest Organizations Join Forces to Protect Americans’ Retirement Savings

01/15/2015

SaveOurRetirement.org will educate workers and retirees about the “Retirement Advice Loophole” – and mobilize public support to close it

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PRC Statement on Retiree Pension-Cut Legislation Included in Omnibus Bill

12/17/2014

Washington – On December 16, President Obama signed the 2015 Omnibus spending bill. The new law contains provisions that allow certain underfunded multiemployer pension plans to cut retirees’ benefits. The Pension Rights Center released the following statement from Executive Vice President Karen Friedman:

 

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Speeches, Statements, and Letters (View all)

Remarks by Karen Ferguson at the PBGC's 40th anniversary forum (January 12, 2015)

01/12/2015

On January 12, 2015, The Pension Rights Center co-sponsored a forum, celebrating the 40th anniversary of the Pension Benefit Guaranty Corporation, the federal agency that insures most private pension plans.

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PRC letter to Congress opposing "stealth" provisions that would cut retiree benefits in multiemployer plans

12/03/2014

The Pension Rights Center sent a letter to every member of Congress, urging them to oppose measures that would allow certain multiemployer plans to cut the earned benefits of retirees.

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PRC letter to OMB, supporting the collection of additional information from terminating pension plans (November 18, 2014)

11/18/2014

The Pension Rights Center sent a brief letter to the Office of Management and Budget in support of the Pension Benefit Guaranty Corporation’s request to require addi

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