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Statements

Statement of the Pension Rights Center on the “Cost of Inaction: Why Congress Must Address the Multiemployer Crisis” Subcommittee on Health, Education, Labor, and Pensions (March 7, 2019)

Speech, Statement, Letter, or Comment

The Pension Rights Center submitted this statement for the record of the Subcommittee on Health, Education, Labor, and Pensions hearing, “Cost of Inaction: Why Congress Must Address the Multiemployer Crisis.”

Read the full statement.

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Joint Statement Opposing “Composite” Pension Legislation

Speech, Statement, Letter, or Comment
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PRC Statement to the ERISA Advisory Council on retirement plan disclosures (June 7, 2017)

Speech, Statement, Letter, or Comment

PRC Policy Analyst Jane Smith testified before the ERISA Advisory Council on the improvements to the effectiveness of retirement plan disclosures to participants and beneficiaries.

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PRC statement to the Senate Finance Committee on "The Multiemployer Pension Plan System: Recent Reforms and Current Challenges" (March 1, 2016)

Speech, Statement, Letter, or Comment

The Pension Rights Center is a nonprofit consumer organization that has been working since 1976 to promote and protect the retirement security of American workers and their families.

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PRC testimony to Treasury on proposed rules for retiree benefits cuts under MPRA (September 10, 2015)

Speech, Statement, Letter, or Comment

On September 10, 2015, the U.S. Treasury Department held a public hearing on proposed and temporary rules for implementing pension cuts for retirees in severely troubled multiemployer pension plans, as authorized by the Multiemployer Pension Reform Act of 2014. PRC Director Karen Ferguson testified at the hearing. Below are her remarks.

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PRC statement to the ERISA Advisory Council on disclosures for pension-risk transfers (August 18, 2015)

Speech, Statement, Letter, or Comment

PRC Policy Analyst Jane Smith testified before the ERISA Advisory Council on the type of information t

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PRC testimony to EBSA on conflict-free investment advice (August 12, 2015)

Speech, Statement, Letter, or Comment

PRC Senior Policy Advisor Maria Freese testified on Day Three of a four-day Department of Labor hearing on the proposed rule on conflicts o

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PRC statement in response to a subcommittee hearing on multiemployer pension plans (April 29, 2015)

Speech, Statement, Letter, or Comment

The Subcommittee on Health, Employment, Labor and Pensions of the Committee on Education and the Workforce in the U.S. House of Representatives held a hearing on "Examining Reforms to Modernize the Multiemployer Pension System." In response to this hearing, the Pension Rights Center released the following statement:

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PRC testimony to the ERISA Advisory Council on lifetime participation in retirement plans (August 21, 2014)

Speech, Statement, Letter, or Comment

PRC Senior Policy Adviser Norman Stein testified before the ERISA Advisory Council on the issues surrounding lifetime participation in retirement plans and the factors that affect whether participants stay in a plan or cash out. Read his testimony here. [PDF]

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PRC testimony to the ERISA Advisory Council on outsourcing retirement plan services (August 19, 2014)

Speech, Statement, Letter, or Comment

PRC Senior Policy Adviser Norman Stein testified before the ERISA Advisory Council on fiduciary issues related to the outsourcing of retirement plan services. Read his testimony here [PDF].

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