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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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House Votes to Allow Pension Plan Trustees to Reduce Retiree Benefits

12/12/2014

Washington – The Pension Rights Center released the following statement from Executive Vice President Karen Friedman, following the passage by the U.S. House of Representatives of an omnibus spending bill that includes measures that allow certain underfunded multiemployer pension plans to cut retirees’ benefits:

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Congress’ Holiday Present to Retirees: Slashing Their Pensions

12/10/2014

Policymakers say “Ho, Ho, Ho”…Retirees say, “NO, NO, NO” 

Washington – Today, the Pension Rights Center released the following statement from Executive Vice President Karen Friedman, urging the House Rules Committee not to include legislation cutting retiree pensions in the omnibus spending bill. 

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A tribute to retirement security hero Bob Nagle

08/18/2014

WASHINGTON – The Pension Rights Center pays tribute to a true retirement security hero, Robert E. Nagle, who died at his home at the age of 84 on Saturday, August 16, 2014.

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Connecticut Takes a Big Step Towards Retirement Security for Its Residents

05/09/2014

WASHINGTON – The Pension Rights Center applauds the Connecticut General Assembly for passing legislation that lays the groundwork for a new state-administered retirement savings plan for private-sector workers who do not have an employer-provided pension or retirement savings plan.&nbsp

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New Law Set to Protect Pensioners in Some Religiously-Affiliated Nonprofits

04/08/2014

WASHINGTON – On April 7, President Obama signed the Cooperative and Small Employer Charity Pension Flexibility Act into law. (P.L. 113-97).

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Decision in Saint Peter’s “Church Plan” Case a Victory for Workers and Retirees; Lawsuit against Hospital Can Proceed

04/02/2014

WASHINGTON – On Monday, a New Jersey federal district court judge ruled that a pension plan established by religiously-affiliated hospital is not a “church plan” exempt from the protections of federal pension law. The Honorable Michael A.

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