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Comments to the Joint Select Committee on Solvency of Multiemployer Pension Plans

Speech, Statement, Letter, or Comment

On September 30th, 2018, the Pension Rights Center submitted comments to the Joint Select Committee on Solvency of Multiemployer Pension Plans.The letter includes three sections:

1) An explanation of how this emerging crisis developed and a critique of MPRA, which reversed the key promise of ERISA: that a plan cannot take away benefits that employees and retirees have already earned.

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Comments on 2017 Draft Instructions for Form 8955-SSA

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments to the Internal Revenue Service on the draft Instructions for Form 8955-SSA.  The comments emphasized the importance of deferred vested statements to participants.

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Comments to U.S. Department of Labor on the Proposed Revision of Annual Information Reports (December 5, 2016)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments to the U.S. Department of Labor on its proposed revisions to the Form 5500, the form retirement plans use to report data to the federal government. The Center's comments include recommendations that the Form 5500:

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Comments to the U.S. Treasury Department on the New York State Teamsters Conference Pension and Retirement Fund's application to cut retiree benefits (December 21, 2016)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments to the U.S. Treasury Department on the New York State Teamsters Conference Pension and Retirement Fund's application to cut retiree benefits under the Multiemployer Pension Reform Act of 2016.

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Comments to Pension Benefit Guaranty Corporation on expansion of Missing Participants Program (November 21, 2016)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments in response to the Pension Benefit Guaranty Corporation's request for comments on the proposed expansion of its Missing Participants Program to include participants and beneficiaries in terminating defined

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Pension Rights Center comments to Treasury Department on Iron Workers Local 17 Pension Plan’s application to cut retiree benefits (October 14, 2016)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments to the Treasury Department regarding the Iron Workers Local 17 Pension Plan’s application to cut retiree benefits under the Multiemployer Pension Reform Act of 2014. In its comments, the Center urges Treasury to reject the Iron Workers Local 17 application because:

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PRC comments to Treasury on the Central States Pension Fund's application to cut retiree benefits (December 10, 2015)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments to the Treasury Department regarding the Central States Pension Fund's (CSPF) application to cut retiree benefits under the Multiemployer Pension Reform Act of 2014.

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PRC comments to Treasury on rules for retiree benefit cuts in financially troubled multiemployer pension plans (August 18, 2015)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments to the Treasury Department regarding its rules for retiree benefit cuts in severely underfunded

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PRC comments to PBGC on partition rules for financially troubled multiemployer plans (August 18, 2015)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted comments to the Pension Benefit Guaranty Corporation (PBGC) regarding its rules for partitions in severely underfunded multiemployer plans, as authorized by the Multiemployer Pension Reform Act of 2014.

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

Speech, Statement, Letter, or Comment

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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